499 Greenwood Place – Property Summary
Key Characteristics & Buyer Profile
This 1,791 sqft home built in 1912 sits on a 3,003 sqft lot in Winnipeg’s Wolseley neighbourhood. Its living area is notably large for both the street and the city—ranking in the top 18% citywide—while the assessed value of $378,000 remains close to average across all three comparison levels. The lot is small relative to Greenwood Place (top 92%, averaging 4,805 sqft), though the neighbourhood average is tighter at 3,434 sqft, making this less of an outlier in the broader Wolseley context. The home’s age (1912) is below the street and city averages, but it aligns with many older homes in the area, where the average build year is 1916.
The appeal lies in having above-average interior space without a premium valuation—the assessed value holds steady even as living area jumps ahead. This suggests the home offers more square footage per dollar of assessed value compared to many nearby properties. It would suit buyers who want generous indoor room (for a growing family, home office needs, or shared living) but are flexible on lot size and comfortable with a century home’s character and maintenance realities. Wolseley’s older housing stock means those who appreciate established neighbourhoods, mature trees, and walkable streets will feel at home here. It may be less ideal for buyers seeking a large yard or a newer, move-in-ready structure with lower upkeep.
Frequently Asked Questions
1. How does the living area compare to typical homes in Wolseley?
The home is 1,791 sqft, which is close to the neighbourhood average of 1,622 sqft—slightly above but not dramatically so. On Greenwood Place specifically, it ranks in the top 18%, meaning it’s one of the larger homes on the street.
2. The assessed value is $378,000. Is that high or low for the area?
It’s around average at all three levels: street, neighbourhood, and citywide. For context, the average on Greenwood Place is $360,600, and the Wolseley average is $371,300. The citywide average for comparable homes is $390,100.
3. Why is the land area so much smaller than other homes on the street?
Greenwood Place tends to have larger lots, averaging 4,805 sqft. This property’s 3,003 sqft lot is in the bottom 10% for the street. However, in the broader Wolseley neighbourhood, it’s more typical—the neighbourhood average is 3,434 sqft.
4. The home was built in 1912. What should I expect maintenance-wise?
Older homes often have solid construction but require attention to systems (plumbing, electrical, insulation) and may have lead paint or asbestos in older finishes. The year built aligns with many homes in Wolseley, so local contractors and trades familiar with heritage-era buildings are available.
5. Are the rankings based on all homes, or just similar ones?
They’re based on a subset of comparable homes—similar property types within the same street, neighbourhood, and city. So a small lot ranking in the top 92% means this lot is smaller than about 92% of comparable homes on that street, not all homes in Winnipeg.