88 Maryland Street

Property Summary: 88 Maryland Street

Key Characteristics & Buyer Profile

This is a large, early-20th-century home in Winnipeg’s Wolseley neighbourhood, offering 2,397 square feet of living space on a 3,947-square-foot lot. Built in 1907, it ranks among the older homes in the city, but its interior size is what truly stands out. Within its own street, it falls in the top 9% for living area; city-wide, it’s in the top 4%—a significant advantage over the typical Winnipeg home, which averages roughly 1,340 square feet.

The property’s assessed value sits at $326,000, which is notably high compared to others on Maryland Street (top 9%) but actually below the averages for both the Wolseley neighbourhood and the city as a whole. This suggests the home offers more square footage per dollar than many nearby properties. The lot size is generous for the street and neighbourhood, though smaller than the city-wide average, which is typical for an established urban area like Wolseley.

Where the appeal lies: The primary draw here is space—both inside and out—at a price point that appears reasonable relative to what you’d pay for a similar footprint elsewhere in Winnipeg. The home’s age (1907) means it likely has character details, solid construction, and a history that newer builds lack, but it also implies potential maintenance considerations common to century-old homes. The location on Maryland Street in Wolseley offers walkability, mature trees, and a strong sense of community, without the premium price tag found in some other parts of the neighbourhood.

Who it would suit: Buyers who prioritize interior square footage and a desirable central neighbourhood over a turnkey or ultra-modern condition. It’s well-suited for someone who appreciates old-house character, has the patience (or budget) for any necessary updates, and wants a home that stands out for its size within a city-wide context. It may be less ideal for those seeking a large suburban lot or a newer, low-maintenance property.

Five Possible FAQs

1. How does the assessed value compare to other homes of this size in Winnipeg?
The assessed value of $326,000 is significantly lower than the city-wide average for all homes ($390,000), even though this property is much larger than the average Winnipeg home. This means you’re likely getting more square footage per dollar of assessed value than most city-wide comps. Keep in mind, however, that assessed value is not the same as market price, and actual sale prices can vary.

2. The lot is smaller than the city average. Is that a problem?
Not necessarily—it depends on what you want. The lot is larger than most on Maryland Street and in Wolseley, where smaller, more urban lots are the norm. If you’re looking for a big backyard or room for expansion, the city-wide average (6,570 sqft) might be a better comparison. But for a central, older neighbourhood, this lot size is actually above average for the area.

3. What should I expect from a home built in 1907?
Older homes like this often have solid framing, plaster walls, and architectural details you won’t find in modern construction. But they can also come with older electrical, plumbing, and insulation that may need attention. It’s wise to get a thorough inspection focusing on the foundation, roof, and mechanical systems. The age also means this home is older than most on the street and in the city, so maintenance history matters more than the build date itself.

4. How does this property compare to others in Wolseley specifically?
Within Wolseley (2,349 properties), this home ranks in the top 6% for living area and top 16% for lot size. Its assessed value, however, is slightly below the neighbourhood average. So you’re getting above-average space at a below-average assessment. The home is older than the typical Wolseley property (which averages around 1916), so it’s among the earlier-built homes in an already historic area.

5. Is the ranking data reliable for making a buying decision?
The rankings are based on municipal assessment data, which is standardized across the city but doesn’t account for interior condition, renovations, or specific features like garages, finished basements, or lot layout. They’re useful for sizing up a property within its context—especially for square footage and lot size—but shouldn’t replace an in-person visit or a professional appraisal. Use them as a starting point, not a final verdict.