537 Stiles Street – Property Summary
Key Characteristics & Ideal Buyer Profile
This is a 1,843-square-foot home built in 1912, situated on a 3,614-square-foot lot in Winnipeg’s Wolseley neighbourhood. Its standout feature is the lot size: on Stiles Street, it ranks in the top 5%, offering notably more outdoor space than the street average of 2,511 square feet. The living area is also strong for the street—ranked top 3%—and above the citywide average, though it sits slightly below the Wolseley neighbourhood average of 1,622 square feet.
The assessed value of $318,000 reflects a moderate position: above average for the street but below both the neighbourhood and city averages. This suggests the property may offer more space for the price relative to its immediate surroundings, but doesn’t carry a premium when compared across broader areas. The home’s 1912 build year is older than the citywide norm (1966), but in Wolseley—a neighbourhood known for its early 20th-century character—it falls within a typical range.
Appeal & Buyer Fit: This property would suit someone who values a large lot in an established, walkable neighbourhood, and who doesn’t need the largest interior space on the block. The lot size is the clear differentiator—rare for the street and above average for the area. It may appeal to buyers interested in gardening, outdoor living, or future expansion potential (subject to zoning). Because the assessed value is relatively modest for the lot size, it could also attract those looking for value in a location with mature trees and older homes. It is less suited to someone seeking a newer, move-in-ready home or a property that ranks highly across all metrics citywide.
Five Frequently Asked Questions
1. How does the living area compare to other homes in Wolseley?
The home’s 1,843 square feet is above the street average and the citywide average, but slightly below the Wolseley neighbourhood average of 1,622 square feet. So while it’s not the largest home in the area, it’s a comfortable size relative to the street itself.
2. Is the assessed value high for what you get?
Not especially. At $318,000, the assessed value is above average for Stiles Street but below both the neighbourhood and city averages. Given the large lot and older home, the value appears reasonable—you’re paying more for land than for the structure compared to many nearby properties.
3. What does the lot size allow for?
At 3,614 square feet, the lot is well above the street average of 2,511 square feet and above the neighbourhood average. It could accommodate a sizable garden, a detached garage or workshop, or possibly future redevelopment, depending on local zoning rules. It’s worth noting citywide lots average much larger (6,570 sqft), so within Wolseley this is generous, not enormous.
4. Is the age of the home a concern?
The home was built in 1912, which is older than most homes in Winnipeg (average 1966) but typical for Wolseley, where many homes date from the early 1900s. Buyers should expect the maintenance and character that come with an older home—plumbing, electrical, insulation, and foundation are worth inspecting carefully. That said, older homes in this area often have solid construction and period details that newer builds lack.
5. How does this property rank overall in the city?
Citywide, the home ranks in the top 16% for living area, top 65% for assessed value, top 79% for lot size, and bottom 8% for build year. In short: it’s a relatively spacious older home on a decent-sized lot, with a value that doesn’t stand out—but the lot size compared to the immediate street is its strongest metric.