490 Craig Street – Property Summary
Key Characteristics & Buyer Profile
This 1910 home in Wolseley offers 1,285 sq. ft. of living space on a 2,192 sq. ft. lot. Its assessed value of $377,000 sits well above the street average, ranking in the top 10% on Craig Street. The living area is also notably generous for the street, falling in the top 16%. What makes this property distinctive is the contrast between its strong street-level value and its below-average land size—both within Wolseley and citywide. The lot is about one-third the typical size for the neighbourhood, which may limit future expansion or yard space but keeps maintenance lower.
The home's appeal lies in its relative value on a desirable street within an established, character-rich area. Buyers who prioritize location and interior space over a large yard will find this property suits them well. It would particularly appeal to those looking for an older home with good bones in a walkable neighbourhood, without paying a premium for land they don't need. The year built (1910) is older than the street average and significantly older than the citywide median, so buyers should be prepared for potential upkeep typical of early-20th-century homes.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
On Craig Street, this home is assessed well above average, ranking 6th out of 61 properties. In the broader Wolseley area, it sits near the middle, and citywide it's slightly below the median. This suggests the property offers strong street-level value relative to immediate neighbours.
2. Is the living space considered small or large for the area?
At 1,285 sq. ft., it's above average for Craig Street (top 16%) but below average for Wolseley as a whole. Citywide, it falls around the middle. The home feels spacious for its immediate street context but modest relative to the neighbourhood.
3. Why is the land area so much smaller than the neighbourhood average?
The lot is roughly 2,192 sq. ft., which ranks in the bottom 1% in both Wolseley and Winnipeg. This is typical of older, tighter infill lots in central neighbourhoods where land was subdivided differently. It's not unusual for the area, but it does mean limited outdoor space.
4. What should I expect regarding the age of the home?
Built in 1910, the house is older than most on the street and far older than the citywide average (1966). This could mean higher maintenance costs, older systems, and possible legacy materials. However, homes from this era often have solid construction and character details not found in newer builds.
5. How does the ranking system work for these comparisons?
Each metric (living area, value, year built, land area) is ranked against comparable homes within three scopes: the same street, the Wolseley neighbourhood, and Winnipeg citywide. A higher rank means you outperform more peers—so for assessed value, rank #6 out of 61 is excellent; for land area, rank #45 out of 61 is below average. The "Avg" shown is a rough median for that group.