94 Walnut Street – Property Summary
Key Characteristics & Buyer Profile
This 1910 home in Wolseley offers 1,634 square feet of living space on a 2,340-square-foot lot. The assessed value is $372,000.
The property’s main strengths are its living area and age. At 1,634 square feet, it is above average compared to homes across Winnipeg (top 24% citywide) and sits comfortably within the typical range for both its street and neighbourhood. The year built—1910—places it among the older homes on Walnut Street (top 15% locally) and far older than the citywide average of 1966. For buyers who value pre-war character, solid construction, and established neighbourhoods, this is a meaningful feature.
The trade-offs are the land area and assessed value relative to the neighbourhood. The lot is below average for Wolseley (top 93%) and well below the citywide norm. The assessed value of $372,000 is around average for the area but slightly below the citywide median, which may reflect the smaller lot or interior condition not captured here.
This property would suit a buyer who prioritizes interior space and older-home character over a large yard or land value appreciation. It may also appeal to someone looking to enter Wolseley—a desirable central neighbourhood—without paying a premium for a bigger lot. Investors or flippers might be interested if the assessed value suggests room for improvement, but the data alone doesn't confirm that.
Five Possible FAQs
1. How does this home compare to others on Walnut Street?
It's roughly average in living area and assessed value, but older than most (top 15% for age). The lot is smaller than typical for the street—ranked 68th out of 87 homes.
2. Does the small lot affect resale value?
Potentially, yes. Smaller lots in Wolseley tend to be less desirable to families or buyers wanting outdoor space. However, in a walkable, inner-city neighbourhood, some buyers prioritize location and house size over yard size. The assessed value being near the neighbourhood average suggests the market has already priced this in.
3. Why is the assessed value below the citywide average when the living area is above average?
Living area is just one factor. Assessed value also considers land size, age, condition, and location. A smaller lot and older age likely offset the larger interior footprint. Older homes may also have higher maintenance costs or less modern layouts, which appraisers account for.
4. Is a 1910 home a risk in terms of maintenance or upgrades?
It depends on how well it's been maintained. Older homes often have solid framing but may need updated electrical, plumbing, insulation, or windows. The data doesn't speak to renovation history. A home inspection is essential, and buyers should budget for potential updates—especially if the assessed value hasn't risen with the neighbourhood average.
5. What is the neighbourhood of Wolseley like?
Wolseley is a mature, central Winnipeg neighbourhood known for its tree-lined streets, older homes, and proximity to the Assiniboine River and downtown. It attracts a mix of families, professionals, and those who prefer a walkable, community-oriented area. The housing stock is predominantly pre-war, so a 1910 home fits right in.