Here is the property summary for 50 Fawcett Avenue.
Key Characteristics & Appeal
This is a 1,484 sqft single-family home built in 1909, located in the Wolseley neighbourhood of Winnipeg. Its most distinctive feature is its age—it ranks among the oldest homes on its street (Top 17%) and well within the oldest tier citywide (Top 95%). The lot is modest at 2,552 sqft, which is smaller than average for the street and neighbourhood, but this is typical for a home of this vintage in an established area. The assessed value sits at $309,000, notably below the neighbourhood average of $371,300.
Appeal lies in the intersection of character and relative value. Buyers are not paying a premium for a large yard or a modern footprint. Instead, the property offers a chance to get into a highly regarded central neighbourhood (Wolseley) at an entry-level price point compared to its immediate neighbours. The living area is solidly average for the street and citywide, meaning the interior is serviceable without feeling cramped.
This property suits buyers who prioritize location and original character over move-in condition or outdoor space. It’s likely ideal for someone who sees the smaller lot and older construction as features, not drawbacks—perhaps a history enthusiast, a first-time buyer looking to build equity through sweat equity, or someone downsizing who wants a walkable urban lifestyle without paying for a large yard they don't need.
Five Possible FAQs
1. The assessed value is lower than the neighbourhood average. Does that mean it's a fixer-upper?
Not necessarily. It simply means the market values it below the median for Wolseley. A lower value could reflect a smaller lot, a more modest interior finish, or a lack of recent updates. It doesn't automatically imply it’s in poor condition—it could be a solid, well-maintained older home that hasn't been heavily renovated, offering a chance for future value growth as you make improvements.
2. What does "living area" actually mean in the citywide ranking (Top 32%)?
It means that out of nearly 200,000 comparable homes across Winnipeg, this property has a larger living area than about 32% of them. By this measure, it is slightly above average for the city. In practical terms, you get a comfortable 1,484 sqft of space, which is more than many starter homes but less than the sprawling suburban norm.
3. The lot size has a "Below Average" ranking. How does that affect everyday life?
A smaller lot (2,552 sqft) means less lawn to mow and less time on outdoor maintenance. In a dense, walkable neighbourhood like Wolseley, this often gives you a deeper front porch and a more intimate back courtyard rather than a traditional backyard. If you plan to garden or host large outdoor gatherings, it may feel limited. If you want a low-maintenance urban footprint, it’s a benefit.
4. Is being built in 1909 a positive or a negative for a home buyer?
Both. The positives include thick plaster walls, solid old-growth wood framing, and likely original architectural details that are hard to find in modern builds. The negatives are the need for ongoing maintenance of systems (plumbing, electrical, roof) that may be original or outdated. It’s not a concern if you’re comfortable managing a historic home, but it requires more attention (and a bigger emergency fund) than a newer property.
5. What does "Around Average" mean for the street-level comparisons?
It means that, compared to the 23 other homes directly on Fawcett Avenue, this property falls right in the middle of the pack for living area and assessed value. It’s not an outlier. In a block like this, "average" is actually a good thing—it suggests the home isn’t the smallest or most overpriced on the street, which helps with resale value and neighbourhood cohesion.