Property Overview
This home at 278 Salter Street in Winnipeg's William Whyte neighbourhood presents a specific and straightforward opportunity. Built in 1907, it's a 921 sqft residence on a 1,996 sqft lot, with a current assessed value of $118,000. The data reveals a property that is modest in scale compared to most, both on its street and city-wide, particularly in terms of lot size. Its appeal lies in its position as an accessible entry point into the market. The assessed value is notably below the Winnipeg city average, suggesting a lower barrier to entry for ownership. This would suit a pragmatic, first-time buyer or an investor looking for a straightforward rental property, where the financial commitment is clear and contained. It's a home for those who prioritize function and affordability over size or modern amenities, and who understand they are purchasing in an established, historic neighbourhood.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's specific characteristics—its smaller living area, compact lot size, and age—within its market context. In William Whyte, its value is closer to the neighbourhood average, but it stands well below the much higher averages seen in more expensive areas city-wide, which pulls the overall city figure up.
2. What does the "ranking" data for lot size mean?
The rankings show this property's lot is smaller than the vast majority of comparable lots. On Salter Street, it ranks 93rd out of 96 (Top 97%), meaning only three lots on the street are smaller. This indicates a compact, low-maintenance yard, which could be a drawback for some but an advantage for those seeking minimal outdoor upkeep.
3. Is the lack of sales history on this page a concern?
No, it simply means the data source used for this public summary does not include MLS sales records. As noted, you can request exact historical figures directly from the site via email for a manually verified lookup.
4. How does the living area compare to nearby homes?
At 921 sqft, the living space is below the average for Salter Street (~1,227 sqft) but is actually quite close to the William Whyte neighbourhood average (~1,158 sqft). This suggests the home's interior size is fairly typical for the immediate area, though more compact than others on its specific block.
5. What is a less obvious consideration with a home of this age?
While charm and character are often cited, a practical perspective is predictability. A structure from 1907 has settled into its state. Major systemic issues, if any, have likely manifested and may be known or discoverable, potentially offering more certainty than a newer home with latent, undiscovered problems.