491 Stiles Street – Property Summary
This is a clean, compact property in Winnipeg’s Wolseley neighbourhood, built in 1912 with 1,262 sq. ft. of living space on a 2,479 sq. ft. lot. It offers a mix of historic character and practical size, sitting at a price point that is notably below both its neighbourhood and citywide averages.
Key Characteristics & Buyer Profile
What stands out: The home is among the older properties on its street and within the neighbourhood, ranking in the top 16% for age on Stiles Street. The living space is around average for the city, but slightly below the Wolseley norm. The lot is compact—below average even for the neighbourhood, and significantly smaller than typical citywide. The assessed value (273K) is well below the neighbourhood average of 371K and the city average of 390K, making it one of the more affordable options in Wolseley.
Where the appeal lies: The main draw is entry into a desirable, historically rich neighbourhood at a relatively low valuation. You’re getting a pre-WWI home on a street where comparable properties are similarly sized and priced. The trade-off is a small lot and less interior space than many surrounding homes. For someone who values location and character over square footage or yard space, this makes sense.
Who it suits: First-time buyers looking to get into Wolseley without stretching to the neighbourhood’s typical price point. Also, buyers who appreciate older homes with original detailing and are comfortable with a smaller footprint—both inside and outside. Less ideal for anyone wanting a large lot, a modern open layout, or a move-in-ready property with no compromises.
5 Possible FAQs
1. How does this home’s size compare to others nearby?
Living area is 1,262 sq. ft., which is slightly above the street average (1,170 sq. ft.) but below the Wolseley average of 1,622 sq. ft. The lot is 2,479 sq. ft., which is smaller than most in the area—Wolseley lots average 3,434 sq. ft.
2. Why is the assessed value so much lower than the neighbourhood average?
The assessed value of 273K is about 100K below the Wolseley average. This likely reflects the smaller lot and living area, plus the fact that the home’s condition or updates haven’t pushed its valuation into the neighbourhood’s higher tier. It’s a price point that sets it apart from many nearby listings.
3. Is a 1912 home likely to have specific maintenance concerns?
Yes, as with any home of this era. Expect older wiring, plumbing, and possibly limited insulation. Foundations and windows may also be original or updated only in part. The age ranking is strong for the street (top 16%), but that means many houses on Stiles Street are also from the 1910s—so upkeep expectations are similar.
4. How does this property rank citywide for value?
It ranks in the bottom 22% citywide for assessed value, meaning it’s among the more affordable homes in Winnipeg overall. The living area ranks in the top 44%, so you’re getting a reasonably sized interior for the price, though the lot ranks in the bottom 4% citywide.
5. What’s the lot like in practical terms?
At 2,479 sq. ft., the lot is compact—typical for many older inner-city homes in Winnipeg, but noticeably smaller than the Wolseley norm. Expect a small front and back yard rather than expansive outdoor space. Good for low-maintenance gardening or a small patio, but not for large gatherings or extensive landscaping.