Property Overview
This home at 1115 Salter Street in Winnipeg's Margaret Park neighbourhood presents a solid, value-oriented opportunity. Its key appeal lies in the balance of a generous, above-average lot size with a home that is newer than many in its immediate area. Built in 1967, it is a notably more modern structure compared to the older housing stock on its street. The 1,120 sqft living area is practical and in line with city norms, while the 6,409 sqft lot offers significant outdoor space and potential—a relative rarity that ranks well above average for the local area and citywide.
The property would suit a buyer looking for a grounded investment in a mature neighbourhood, prioritizing land size over sheer interior square footage. It’s ideal for someone with a vision for landscaping, gardening, or future expansion, and who appreciates a home that stands out positively in its immediate context for its age and assessed value. The last known sale in the 2021-2022 period suggests a history of steady value.
Frequently Asked Questions
1. How does this home compare to others on the street?
It stands out favourably. It's newer than most (ranking in the top 8% for year built on Salter Street) and sits on a larger-than-average lot (top 11%). Its assessed value is also above the street average, indicating it is viewed as a higher-value property in its direct vicinity.
2. Is the living space smaller than average?
It depends on the comparison. At 1,120 sqft, it is slightly below the average for Margaret Park but is very close to the citywide average for comparable homes. The trade-off is the significantly larger yard, which may be more valuable to some buyers than additional interior footage.
3. What does the assessed value tell me?
The assessed value of $34,400k is well above the averages for both the street and the Margaret Park area. This typically reflects the property's combined attributes—newer construction, larger lot—and can be a positive indicator of its standing for municipal tax purposes relative to neighbours.
4. What is the potential here for future renovation or expansion?
The lot size is the standout feature for potential. The substantial 6,409 sqft parcel provides ample room for additions, a garage, or extensive outdoor living spaces, subject to local zoning bylaws. The 1967 build date also suggests systems and structure may present fewer immediate concerns than a much older home.
5. How can I find out the exact past sale price?
The provided sold price is a public data range. To obtain the exact historical sale figure, you can use the email request service on the listing page. They provide the precise figure manually without using your email for unsolicited marketing.