Property Overview
This home at 1162 Salter Street in Winnipeg's Margaret Park neighbourhood presents a solid, value-oriented opportunity. Built in 1967, it is notably newer than many homes on its street and in the immediate area. Its key appeal lies in its generous 6,200 sqft lot—a size that stands well above average for both the street and the neighbourhood—offering significant outdoor space and potential. The 1,274 sqft living area is comfortably above the local average, and the assessed value ranks highly within the immediate context, suggesting a good relative valuation.
The property would suit practical buyers looking for a home with room to grow, garden, or simply enjoy a larger yard without leaving the city. It's also a sensible fit for those interested in a home that is structurally younger than many of its peers in an established area, potentially implying fewer major age-related updates in the near term. The data indicates it's a property that outperforms its direct surroundings on several metrics, making it a strong contender within its local market rather than just the city at large.
Frequently Asked Questions
How does this home’s value compare to nearby properties?
Its assessed value is in the top 13% on Salter Street and the top 21% in Margaret Park, indicating it is valued higher than most comparable homes in the immediate area, which often reflects factors like lot size, condition, or improvements.
Is the lot size a significant feature?
Yes. The 6,200 sqft lot is a standout, ranking in the top 17% on the street and top 18% in the neighbourhood. This is a substantial amount of private outdoor space for an inner-city property.
What does the year built (1967) mean for a buyer?
Built in 1967, this home is significantly newer than the average home on Salter Street (where the average year built is 1932). This can suggest updated building materials, electrical, or plumbing systems compared to much older Winnipeg homes, though a thorough inspection is always recommended.
What was the last sale price?
Public records show it sold for between $250,000 and $300,000 in 2017. For the exact historical sale price, you can request the information directly via the listing page.
How does it rank for living space in the city context?
With 1,274 sqft, its living area is around the Winnipeg city average. Its appeal is more pronounced locally, where it offers more space than most homes in Margaret Park.