4-83 Lenore Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,945-square-foot home built in 1913, located on Lenore Street in Winnipeg’s Wolseley neighbourhood. The property stands out most for its size. It is the largest home on its street and ranks in the top 1% for living area both within Wolseley and across the entire city. The assessed value sits at $287,000—roughly in line with other homes on the street but nearly double the Wolseley neighbourhood average. The year built (1913) means it is older than most homes in Winnipeg, but it is consistent with the character of its immediate street.
The appeal here is straightforward: you get a very large home in an established, character-rich neighbourhood, at a price that reflects the area’s older housing stock rather than its size premium. Wolseley is known for tree-lined streets, older homes, and a walkable, community-oriented feel. A buyer who values interior space and a central location but does not need a modern, move-in-ready finish will find this property compelling. It will likely suit someone comfortable with the maintenance and quirks of a century-old house, or a buyer looking to add value through gradual updates. It is less suited to someone seeking a newer, low-maintenance property or a home in a suburban subdivision.
Frequently Asked Questions
1. How does this home compare to others on Lenore Street?
It is the largest home on the street in terms of living area, and its assessed value is slightly above the street average of $281,300. Only four homes are being compared here, so “top of the street” is a small sample, but the size advantage is significant.
2. Is the assessed value of $287,000 a reliable indicator of market price?
Assessed value is a baseline used for property taxes, not a guaranteed market value. In Wolseley, where older homes vary widely in condition and updates, the sale price could be higher or lower depending on the home’s interior state, renovations, and current market demand.
3. The home was built in 1913—what should I expect in terms of upkeep?
Homes of this era often have solid construction but may need updated electrical, plumbing, insulation, and windows. The fact that it ranks near the bottom city-wide for year built (top 97% oldest) means it predates most Winnipeg homes. A thorough home inspection is essential, particularly for the foundation, roof, and mechanical systems.
4. Why is the neighbourhood average assessed value so much lower than this property’s value?
The average assessed value in Wolseley is $145,800, while this home is assessed at $287,000. That gap reflects how much larger this property is compared to typical Wolseley homes (1,945 sqft vs. 830 sqft neighbourhood average). Value here is driven by square footage, not necessarily by finishes or lot size.
5. Is this a good investment property or a primary residence?
It could work as either, but the strong size ranking and older construction suggest it is best suited as a primary residence for someone who values space and character. As a rental, the large floor plan could be attractive, but the age and potential maintenance costs would cut into returns unless rents are priced accordingly.