Key Characteristics and Buyer Profile
This is a 1924 house on Sprague Street in Winnipeg's Wolseley neighbourhood, with 1,064 square feet of living space on a 3,935-square-foot lot. Its assessed value is $334,000.
The property sits in a middle-of-the-pack position on its street. It's slightly below average for lot size and assessed value compared to immediate neighbours, but it holds up well within the broader Wolseley area—the lot is actually larger than most in the neighbourhood (top 18%), and the house is newer than the Wolseley average (1916). City-wide, it's unremarkable in most metrics, which is typical for a house of this vintage.
The appeal here is more about the neighbourhood and the bones of the house than standout stats. Wolseley is a sought-after central neighbourhood with mature trees, older character homes, and walkable access to shops and the river. A 1924 build means plenty of original detail potential—but also the need for realistic expectations around upkeep, insulation, and systems. The property doesn't scream "deal" from the numbers, but for someone who values an established neighbourhood and a home that's solid but not flashy, it's a reasonable entry point.
Best suited for: Buyers who want to be in Wolseley without paying a premium for a fully renovated showpiece. People who are comfortable with an older home that's likely had some updates but isn't brand-new. Investors or first-time buyers looking for a functional house in a good location, with room to add value over time through updates rather than square footage.
Five Possible FAQs
1. How does the living space compare to other homes in this price range?
At 1,064 sqft, it's on the smaller side for its street and Wolseley generally, but close to the city-wide average. You're paying for location, not square footage. If you need a lot of room, this probably isn't it. If you're fine with a compact layout in a good area, it's competitive.
2. Is the assessed value of $334,000 a fair price?
Within Wolseley, it's close to the neighbourhood average of $371,000, and below the street average of $367,000. That suggests the assessment is realistic for what it is—not a steal, not overpriced, but in line with a house that's a bit smaller and on a smaller lot than its immediate neighbours.
3. What should I look out for with a 1924 house specifically?
Older homes often have aging electrical, plumbing, and insulation that may not meet modern standards. Windows, roof, and foundation are worth a close inspection. The construction year is newer than most of Wolseley, but that doesn't mean it's free from the usual issues of century-old homes. A thorough home inspection is strongly recommended.
4. How does the lot size affect what I can do with the property?
The lot is 3,935 sqft, which is smaller than the city average but larger than most lots in Wolseley. That's typical for the area—modest yards, not sprawling. You have outdoor space, but don't expect a big backyard for additions or extensive landscaping without checking zoning.
5. Why is the city ranking so different from the street and neighbourhood rankings?
Winnipeg includes everything from new subdivisions with 2,000+ sqft homes on large lots to older city lots. Compared to the whole city, this house sits around the middle of the pack for size, age, and value. But on its own street, where homes are similar in vintage and scale, it ranks lower because neighbours happen to be slightly bigger or more valuable. The neighbourhood view gives the most relevant picture for a local buyer.