484 Stiles Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1,040 sqft home built in 1910, located on a 2,195 sqft lot in the Wolseley neighbourhood of Winnipeg. Its assessed value is $218,000.
The property sits at or below average across every comparison point—street, neighbourhood, and citywide. On Stiles Street specifically, it ranks near the bottom for assessed value (62nd out of 64 homes) and lot size (52nd out of 64). The house itself is older than most on the street, though Wolseley as a neighbourhood trends older, so that's less unusual here than it would be elsewhere in the city.
Where the appeal lies: This is a price-driven entry point into Wolseley. The assessed value is well below the neighbourhood average of $371,000 and significantly below the citywide average for comparable homes. For someone who wants to live in this established, character-rich central neighbourhood—known for its tree-lined streets, older homes, and walkability—this is one of the more affordable options available. The smaller lot and modest square footage also mean lower maintenance and utility costs.
What it would suit: First-time buyers who are willing to take on a project or update an older home over time. Also investors looking for a lower-cost entry into a neighbourhood with strong long-term demand. It's less suited for someone who wants a turnkey property, a large yard, or significant square footage, as those are the areas where this home sits well below typical benchmarks.
Frequently Asked Questions
1. How does the assessed value compare to similar homes in the area?
The assessed value of $218,000 is well below the Wolseley neighbourhood average of $371,300 and the Stiles Street average of $294,100. It's also below the citywide average for comparable homes, which sits at $390,100. This puts the property in the bottom 11% citywide by assessed value.
2. What does the lot size mean for outdoor space or future development?
At 2,195 sqft, the lot is smaller than 97% of properties in Wolseley and 99% citywide. There isn't much yard space for gardens, large decks, or additions. Parking and outdoor living will be compact. This is typical for older infill properties, but worth noting if outdoor space is a priority.
3. How old is the house, and does that raise any concerns?
Built in 1910, the house is older than most homes in Winnipeg and on the older side even for Wolseley, where the neighbourhood average is 1916. Older homes often have character features like high ceilings and solid woodwork, but they may also have outdated electrical, plumbing, insulation, or foundation work. A thorough inspection is recommended, especially for systems that may be original or near end of life.
4. How does this property compare to others currently on the market in Wolseley?
It's smaller than most available homes in the area—both in living area and lot size—and has a lower assessed value. That makes it a relative bargain for the neighbourhood, but it also means less space and likely more deferred maintenance than higher-priced listings. Buyers should compare it against similarly priced homes in adjacent neighbourhoods to see what trade-offs they're making.
5. What's the neighbourhood like for daily living?
Wolseley is one of Winnipeg's most walkable and bike-friendly neighbourhoods, with older housing stock, mature trees, and local shops and cafes along Westminster and Portage avenues. It has a strong community feel and is popular among families, artists, and professionals. The trade-off is that many homes—including this one—have smaller lots, limited parking, and aging infrastructure. It's a neighbourhood best suited to people who value location and character over square footage and a big yard.