465 Telfer Street S – Property Summary

Section 1: Key Characteristics & Buyer Profile

This is a 1929-built home with 858 sq ft of living space on a notably large 4,827 sq ft lot. The property sits in Winnipeg’s Wolseley neighbourhood, a well-established area known for its older homes, tree-lined streets, and proximity to the river and shops.

What stands out:

• The lot is the largest on its street (top 1%), and significantly above average for both the street (3,000 sq ft) and the neighbourhood (3,434 sq ft). This is the property’s strongest asset—rare in a mature area like Wolseley, where larger lots are uncommon.
• The assessed value ($357,000) is above the street average ($293,000) and close to the neighbourhood average, suggesting the lot size is already reflected in the tax valuation, but it still offers potential for future appreciation or redevelopment consideration.
• The home itself is smaller than most in the area—both on the street and in Wolseley overall—which may appeal to buyers who prioritize outdoor space over interior square footage.

Who it suits:
Buyers who value land over living area, or who are open to renovation, expansion, or eventual redevelopment. It’s also a strong fit for those who want to be in Wolseley but find typical properties in the neighbourhood out of reach price-wise, or who want a compact home with generous yard space. The home’s age (1929) is relatively newer than most on the street and in the community, which may mean fewer major structural updates compared to neighbouring century homes, though typical older-home maintenance should still be expected.

Section 2: Five Possible FAQs

1. How does the living space compare to other homes in the area?
It’s below average for the street (1,140 sq ft average) and well below the Wolseley neighbourhood average (1,622 sq ft). This is a genuinely small home by local standards, so if interior square footage is a priority, this likely isn’t the right fit.

2. What’s the real advantage of the lot size here?
At 4,827 sq ft, it’s the largest lot on Telfer Street S and in the top 10% for the neighbourhood. That’s unusual for an inner-city area like Wolseley, where lots are generally smaller and more uniform. It gives you room for gardening, expansion, a garage or workshop, or simply more privacy than most neighbouring properties.

3. Is the assessed value in line with what I’d pay?
The assessed value ($357,000) sits above the street average but is close to the Wolseley average ($371,000) and the city median. This likely reflects the lot premium. It’s not overvalued relative to the area, but the home’s smaller size means you’re paying more for land than for house—worth considering if you’re financing.

4. How old is the house, and has it been updated?
It was built in 1929, which makes it newer than most homes on the street (average 1923) and in Wolseley (average 1916). However, it’s still nearly 100 years old. Without specific renovation details available in this data, you should factor in typical older-home concerns: insulation, electrical, plumbing, foundation, and windows. A building inspection is strongly recommended.

5. How does this property compare citywide?
Citywide, the home ranks in the bottom 13% for living area, top 40% for lot size, and near the median for assessed value. So it’s not exceptional in most respects on a city scale, but the combination of a very large lot in a desirable central neighbourhood is what sets it apart locally. That specificity matters more than broad city rankings for most buyers looking at this area.