55 Alloway Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1909-built home in Winnipeg’s Wolseley neighbourhood with 2,174 sq ft of living space on a 3,307 sq ft lot. Its assessed value is $390,000.
The property’s main strength is its living space. At 2,174 sq ft, it ranks in the top 7% citywide for comparable homes—well above the Winnipeg average of 1,342 sq ft. The lot is slightly larger than average for its own street (ranked top 24%), but small by city standards, which is typical for an older, established inner-city neighbourhood.
The year built (1909) places it among older homes both locally and citywide—bottom 5% overall. This isn’t unusual for Wolseley, but buyers should expect the maintenance considerations that come with a century-old house. The assessed value of $390,000 is around average for the street and neighbourhood, suggesting the price reflects the area’s norms rather than a premium for the extra square footage.
Where the appeal lies: The home offers generous interior space in a walkable, character-rich neighbourhood, without paying a premium over nearby homes. For someone who values room to spread out over a large yard or a newer build, this is a practical fit.
Who it suits: Buyers who want an older home with established character and don’t mind a modest lot. It’s well-suited for those who prioritize interior square footage—families needing multiple rooms, or someone who works from home and wants space for a dedicated office. It’s less ideal for buyers seeking a move-in-ready modern layout or a large private yard.
Five Possible FAQs
1. How does the lot size compare to other homes in Wolseley?
The lot is 3,307 sq ft, which is slightly below the neighbourhood average of 3,434 sq ft. It ranks near the middle for Wolseley (top 39%), so it’s not unusually small for the area, but it’s significantly smaller than the typical Winnipeg lot (average 6,570 sq ft). Yard space is limited.
2. The home was built in 1909—what should I be aware of?
Older homes often have original construction details that require attention: outdated electrical, plumbing, insulation, and foundation work are common. Wolseley has many pre-1920s houses, so local inspectors and contractors are familiar with the era. A thorough home inspection is strongly recommended, and you should budget for ongoing upkeep.
3. Is the assessed value of $390k a fair price for this property?
The assessment is right around average for the street ($350k) and neighbourhood ($371k), and exactly at the citywide average for comparable homes. It doesn’t appear overvalued, but it also doesn’t reflect a discount for the older construction. The extra living space is the main value driver, not the land or condition.
4. How does this home compare to others on Alloway Avenue specifically?
On its own street, the home ranks #8 out of 21 for living area (top 38%) and #5 out of 21 for lot size (top 24%). It’s among the larger houses on the block, but not the largest. The assessed value is also around average for the street, so it’s not priced as an outlier.
5. What’s the neighbourhood like in terms of walkability and character?
Wolseley is one of Winnipeg’s older, established residential areas, known for tree-lined streets, a mix of architectural styles, and proximity to the Assiniboine River and parks. It’s walkable to local shops and cafes on Westminster Avenue and close to downtown. The trade-off is smaller lots and older infrastructure—common in central neighbourhoods.