529 Basswood Place – Property Summary
Key Characteristics & Suitability
This is a 1913 home with 1,532 square feet of living space, situated on a 3,465-square-foot lot in the Wolseley neighbourhood. Its size puts it well above average for its street (top 15%) and slightly above the city-wide average, though it sits just below the median for the broader Wolseley area, where homes tend to be larger. The property’s assessed value, at $332,000, is close to the street average and moderately below the city-wide typical price of $390,000, which suggests it may offer more space for the money relative to other Winnipeg properties.
The appeal here is less about modern finishes or a big yard and more about character and proportion. Built in 1913, it’s among the older homes on its street and in its neighbourhood, which is typical for Wolseley. The lot is generous by local standards but smaller than the city-wide norm, reflecting the older, denser character of the area. This would suit buyers who value vintage architecture, pedestrian-friendly older neighbourhoods, and interior square footage over a large property footprint. It’s a reasonable fit for someone looking for a home with established bones in a central, character-rich part of the city, rather than a move-in-ready suburban property.
Five Possible FAQs
1. How does the property’s assessed value compare to similar homes nearby?
It’s very close to the average assessed value on Basswood Place ($337,000) and sits slightly below the Wolseley neighbourhood average ($371,000). City-wide, it’s below the median for comparable homes ($390,000), which may indicate the price reflects the home’s age rather than a lack of living space.
2. Is the lot considered small or large?
It’s above average for the street (top 25%) and slightly above the Wolseley median. However, compared to the rest of Winnipeg, where lots average over 6,500 square feet, this is a relatively compact property. That’s typical for older, central neighbourhoods with narrower lots.
3. How old is the house, and is that typical for the area?
Built in 1913, it’s among the oldest homes on the street (top 9%) and older than the average in Wolseley. It’s significantly older than the city-wide average of 1966, which is common for properties in established inner-city neighbourhoods.
4. How does the living space compare to other homes in Wolseley?
At 1,532 square feet, it’s slightly smaller than the Wolseley average of 1,622 square feet. On Basswood Place, however, it’s well above average, ranking in the top 15%. The home is larger than most in the city overall, where the typical home is under 1,350 square feet.
5. What kind of neighbourhood is Wolseley known for?
Wolseley is one of Winnipeg’s older, character-rich neighbourhoods, known for its tree-lined streets, mix of early 20th-century homes, and proximity to the Assiniboine River and downtown. Properties here tend to have smaller lots and older building stock compared to suburban areas, which appeals to buyers looking for walkability, architectural charm, and a strong sense of community.