456 Telfer Street S – Property Summary
Key Characteristics & Buyer Profile
This is a 1,145-square-foot home built in 1912, located on a 2,515-square-foot lot in the Wolseley neighbourhood of Winnipeg. Its assessed value is $342,000.
The property’s main strength is its value relative to the immediate street. On Telfer Street South, it ranks in the top 21% for assessed value, yet the home itself is around average in size for the street and slightly older than neighbouring houses. This suggests a property that may have been well maintained or updated in ways that boost its worth without a corresponding increase in square footage.
The lot is notably compact. It falls below average for Wolseley and well below the citywide norm—ranking in the bottom 5% for lot size across Winnipeg. Buyers should be comfortable with a smaller outdoor footprint, which often means less yard maintenance but also less space for expansion or gardening.
The house is older than most in the city (built 54 years before Winnipeg’s average), which may appeal to buyers who value character, established neighbourhoods, and mature tree canopies. Wolseley is known for its historic homes and walkable streets, so this property suits someone looking for an older home with good street-level value rather than a move-in-ready modern build. It would be less suitable for buyers seeking a large yard, a newer structure, or a house that ranks high compared to the broader city.
Frequently Asked Questions
1. How does this home's living area compare to others nearby?
It’s about average for Telfer Street and for Winnipeg as a whole, but below the typical home in the Wolseley neighbourhood, where the average is 1,622 square feet.
2. What does the assessed value tell me about the property?
At $342,000, this home is priced above most others on the same street, but it sits right around the average for Wolseley and for the city. The high street-level ranking (top 21%) suggests it offers good comparative value within its immediate block.
3. Is the lot size a concern?
It depends on your needs. At 2,515 square feet, the lot is smaller than most in Wolseley and significantly smaller than the Winnipeg average of 6,570 square feet. If you’re looking for a low-maintenance yard, this could be a benefit. If you want room for additions or a large garden, it may feel tight.
4. How old is the house, and what does that mean practically?
Built in 1912, the home is older than most in the city, where the average build year is 1966. That’s typical for Wolseley, though. Expect period details, potential for original materials, and the usual considerations for older homes like insulation, wiring, and foundation upkeep.
5. What type of buyer typically wants a home like this?
Someone who values character and walkability over a large yard or the newest construction. This property particularly suits buyers who want to be in Wolseley and are comfortable with a home that stands out for its value on the street but is modest in size compared to the neighbourhood average.