Property Overview: 951 Telfer Street N, Winnipeg
Key Characteristics & Appeal
This home stands out for its generous proportions and established presence in the Minto neighbourhood. Its primary appeal lies in offering significantly more space than most surrounding properties. With 2,362 sqft of living area, it ranks in the top 1% of homes on its street and in the Minto area, providing room that is rare for the locale. The lot size of 4,724 sqft is also well above local averages, offering substantial outdoor space in an older, central neighbourhood.
Built in 1960, the home is notably newer than many of its immediate neighbours, which often date to the 1920s. This suggests potentially fewer concerns related to the age of core systems compared to other houses on the block. The assessed value is consistently high relative to the immediate area, reflecting its standout characteristics.
This property would best suit a buyer looking for a spacious, established home in a central Winnipeg neighbourhood without the footprint of a typical older, smaller house. It’s ideal for those who prioritize interior and yard space over a brand-new build, and for an owner who understands that a home of this age may require thoughtful updates. The data suggests it’s a “large fish in a small pond” within its local context, offering a unique value proposition of scale and relative modernity for the area.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily for municipal tax purposes and is calculated relative to similar properties in the area. This home’s value is in the top 1-2% for Minto and its street, but Minto as a whole features generally lower assessed values than the Winnipeg city-wide average, which is skewed higher by newer suburban and luxury areas.
2. The home sold between $400k-$450k in 2019. What does that tell me?
This recent sale price provides a concrete market benchmark from just a few years ago. It indicates the premium buyers were willing to pay for the home’s above-average size and lot at that time, and serves as a useful starting point for understanding its current market value.
3. What are the implications of it being newer (1960) than most neighbours?
While still a 60+ year-old home, its 1960 construction likely means it benefits from building standards and materials that are a generation more recent than the 1920s-era houses that dominate the street. This could positively impact the condition of the foundation, wiring, or plumbing, though a thorough inspection is still essential.
4. How meaningful are the “top 1%” rankings for living area?
Very meaningful in a practical sense. It means that for the price of a home in Minto, you are acquiring an amount of interior space that is exceptionally rare for this specific location, effectively getting a more suburban-sized floorplan in an established inner-city neighbourhood.
5. The lot is large for the area but average for the city. Why?
The lot is generous for the older, central neighbourhood where it’s located, which is a key advantage. City-wide averages are raised by much larger lots in newer suburban developments. The value here is in having a sizable yard in a mature, central community where such space is at a premium.