61 Home Street — Property Summary
Key Characteristics & Buyer Profile
This 1912 Wolseley home offers 1,591 square feet of living space on a 3,209-square-foot lot. What stands out immediately is the assessed value: at $455,000, it ranks in the top 8% on its street and top 16% in the neighbourhood—well above the local averages of $242,700 and $371,300 respectively. That gap suggests the property carries significant value relative to its immediate surroundings, likely due to its size, condition, or location within the block.
The living area is also a draw. It's above average both on the street (top 28%) and citywide (top 26%), though it sits around the middle of the pack for Wolseley itself. The lot is slightly larger than typical for the street (top 25%), but below average for the city overall—expected for an older inner-city neighbourhood.
The year built (1912) places it among the older stock on the street, but that's typical for Wolseley, where many homes date to the early 1900s. Citywide, it's older than 92% of properties, so this is not a home for someone seeking modern construction or low-maintenance systems.
Who it suits: Buyers who appreciate character homes in established neighbourhoods and are willing to work with an older structure. The assessed value suggests the home has been maintained or updated thoughtfully (worth verifying), making it a potential fit for someone who wants period charm without a full renovation project. It would also appeal to those prioritizing location and square footage over land area or brand-new finishes.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
It's significantly above average both on Home Street ($455K vs. $242K) and in Wolseley ($455K vs. $371K). That means it's likely one of the higher-valued properties in the immediate area—something to consider if you're concerned about resale or neighbourhood price ceilings.
2. Is a 1912 home likely to have outdated electrical or plumbing?
Almost certainly, unless it's been fully updated. Many homes from that era still have knob-and-tube wiring, galvanized pipes, or aging cast iron drains. A home inspection and review of any permits or renovation records are essential before making an offer.
3. The lot is 3,209 sqft—is that small for Winnipeg?
Yes, by citywide standards it's well below average (city median is 6,570 sqft). But in Wolseley, it's fairly typical. If you're looking for a large yard or space for additions, this may feel tight. If you want a manageable garden and less upkeep, it could be ideal.
4. How does this property compare to others currently for sale in Wolseley?
The neighbourhood analysis (linked in the full listing) can show you that directly. In general, this home sits in the middle of the pack for living area and land size within Wolseley, but near the top for assessed value. That could mean it's priced for finishes, renovations, or location advantages that aren't obvious from the raw stats alone.
5. What does "top 92% citywide for year built" actually mean?
It means this home is older than 92 out of every 100 comparable properties in Winnipeg. Only about 8% of homes citywide are older. That's worth knowing for insurance, maintenance expectations, and energy efficiency considerations—but it's also part of the appeal for buyers who love historic character.