Property Overview & Key Characteristics
This 1910 two-storey home in Wolseley offers classic charm on a generous, mature lot. Its primary appeal lies in a combination of established neighbourhood character and solid fundamentals. The 2,349 sqft lot size is notably larger than most in Winnipeg, ranking in the top 3% city-wide, providing valuable outdoor space and potential in a central location. The home itself, with 1,208 sqft of living space, is a practical size for a small family or couple.
The appeal is for a specific buyer: someone seeking a "blank canvas" or a long-term hold in a desirable, tree-lined area. It suits a handy buyer comfortable with a project, as the basement is noted as unrenovated and the home’s age implies a need for ongoing updates. Its assessed value is modest for the area, suggesting an entry point into Wolseley. A thoughtful perspective is that this property represents land value and location first, with the house offering functional space to build upon. It’s less about move-in-ready perfection and more about securing a footprint in a prime neighbourhood where the lot itself is a significant asset.
Frequently Asked Questions
1. What does the basement condition "not renovated" typically imply?
It generally indicates an original or largely untouched space, likely with older finishes, mechanical systems, and limited amenities. Buyers should budget for updates and anticipate a professional inspection to assess its condition and potential.
2. How significant is the lot size here?
Very. A lot of this size (top 3% in Winnipeg) in Wolseley is a standout feature. It offers more privacy, gardening space, and play area than typical inner-city lots, and holds long-term value for expansion or landscaping projects that smaller lots cannot accommodate.
3. The home's living area ranks lower than its lot size. What does this mean?
It indicates the existing house doesn't fully utilize the lot's buildable space. This can be seen as an opportunity for an addition or a future renovation to better match the house's size to the property's scale, subject to local zoning.
4. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value is for municipal tax purposes. In active markets like Wolseley, especially for character homes on large lots, the selling price often exceeds the assessed value. It's best used as a baseline, not a market valuation.
5. What are the trade-offs of a 1910 home?
You gain character, established neighbourhoods, and often sturdy construction. The trade-offs include potentially higher maintenance costs, the need for updates to wiring, plumbing, or insulation, and layouts that may differ from modern open-concept designs. Energy efficiency can also be a concern without renovations.