Key Characteristics & Target Buyer
This is a 1,480 sqft home built in 1905 on a 3,391 sqft lot at 44 Fawcett Avenue in Winnipeg’s Wolseley neighbourhood. Its main appeal is affordability relative to the area. While the living space is slightly below the street and neighbourhood averages, it’s above the citywide average for comparable homes—meaning you get more interior room than many city listings offer for the price.
The assessed value sits at $299k, notably lower than both the neighbourhood average ($371k) and citywide average ($390k). This reflects the home’s age (older than 96% of properties citywide) and its below-average lot size compared to the rest of Winnipeg. On the street itself, however, the lot is slightly larger than typical for Fawcett Avenue.
This property would suit a buyer who values being in Wolseley—a character-rich, established neighbourhood—and is willing to accept an older home and a smaller yard in exchange for a lower purchase price. It appeals to those who see potential in updating a century home, or who prioritize location and square footage over a modern build or expansive lot. It’s less ideal for someone seeking a turnkey property or a large outdoor space.
Five Possible FAQs
1. How does the home’s age affect its livability?
Built in 1905, the home is older than nearly all properties in Winnipeg (top 98% oldest). This likely means original construction details like thicker walls or unique woodwork, but also potential for outdated systems (electrical, plumbing, insulation). A thorough inspection is recommended to understand what’s been updated and what may need attention.
2. Is the assessed value of $299k a realistic market price?
The assessment places it well below the Wolseley average ($371k). Assessment values don’t always match market price, but they suggest this home may be priced more accessibly than many nearby listings. It’s worth comparing with recent sales in the area to see if the assessment aligns with actual transaction prices.
3. Why is the lot size (3,391 sqft) considered small citywide but average on the street?
Winnipeg’s citywide average lot size is much larger (6,570 sqft) because it includes newer suburbs with bigger yards. On Fawcett Avenue and in Wolseley generally, lots are more compact—historic urban layouts. The lot here is actually slightly larger than the street average (3,203 sqft), so it’s typical for the neighbourhood.
4. What does “top 32% citywide” for living area mean?
That ranking means the home’s 1,480 sqft is larger than about 68% of comparable homes across Winnipeg. So while it’s not the biggest house available, it offers more interior space than most city listings—useful for buyers who want room to spread out without moving to a pricier area.
5. How does this home compare to others in Wolseley specifically?
Within Wolseley, the living area and lot size are both rated “around average”—it’s not unusually big or small for the neighbourhood. The home is, however, among the oldest (top 96%) and lower-valued (top 74% below average) in the area. This suggests it may be a fixer-upper compared to some neighbours, but also one of the more affordable entry points into the neighbourhood.