528 Greenwood Place – Property Summary
Key Characteristics & Buyer Profile
This 1910 home in Wolseley offers 2,071 square feet of living space on a 6,248-square-foot lot. Its biggest strength is the lot size: it ranks in the top 4% within the neighbourhood and top 10% on the street, meaning most nearby properties sit on noticeably smaller land. The living area is above average at every level—street, neighbourhood, and citywide—falling in the top 9% of comparable Winnipeg homes. The assessed value sits around the middle for the area, which suggests you’re not paying a premium for the extra space and land.
The home itself is older than most of its neighbours (built 1910), but that’s not unusual for Wolseley, where many houses date to the early 1900s. The trade-off is character and established neighbourhood feel versus newer construction. This property would suit buyers who prioritize outdoor space and square footage over a modern build year—people who want room to garden, add a garage, or expand, and who are comfortable updating an older home. It’s less ideal for someone looking for turnkey, low-maintenance.
Five Possible FAQs
1. How does the lot size compare to others in Wolseley?
It’s in the top 4% of the neighbourhood. Most lots in Wolseley average around 3,400 square feet, so this is nearly double that. On Greenwood Place itself, it’s in the top 10%.
2. Is an older home like this one a risk?
The year built is 1910, which is older than the street average (1950) and city average (1966). But in Wolseley, that’s more common—the neighbourhood average is 1916. Older homes often have good bones and character, but you’d want to inspect the foundation, wiring, plumbing, and insulation carefully.
3. Why is the assessed value only around average if the house and lot are above average?
Assessed value considers condition, updates, and comparable sales, not just size. A larger lot and living area don’t automatically mean higher value if the home hasn’t been substantially renovated. This could also mean there’s potential for appreciation if you invest in upgrades.
4. What’s the street like compared to others in the area?
Greenwood Place has larger homes and lots than many streets in Wolseley. Your property ranks in the top 9% for living area and top 10% for lot size on this street, so you’re on one of the bigger parcels in a block of already spacious homes.
5. How does this property compare citywide?
Living area is top 9% citywide, lot size is top 26%, and assessed value is around average. So you’re getting more space and land than most Winnipeg homes, without the price tag that usually comes with it.