510 Telfer Street S – Property Summary
Key Characteristics & Buyer Profile
This is a 1910-built home in Winnipeg’s Wolseley neighbourhood, with 928 sq ft of living space on a 2,515 sq ft lot. Its assessed tax value is $279,000.
The property sits close to the average for its street in both size and value, but falls below the averages for the wider Wolseley area and the city overall. The lot is notably compact—smaller than nearly all properties citywide—and the home is older than most in Winnipeg, though in line with its own neighbourhood’s character.
The appeal here is more about location and context than square footage or land. Wolseley is known for its tree-lined streets, older homes, and walkable, community-oriented feel. This property offers an entry point into that area at a lower assessed value than many surrounding homes. It suits buyers who prioritize neighbourhood character and affordability over space, and who are comfortable with an older home that may require updates or maintenance typical of a house built in 1910. It would be less suitable for someone seeking a large lot, a newer build, or a home that matches citywide averages for living area.
Five Possible FAQs
1. How does the living space compare to other homes nearby?
On its own street, the 928 sq ft is close to the average of 1,140 sq ft. In Wolseley and Winnipeg as a whole, it’s noticeably smaller—the community average is 1,622 sq ft, and the city average is 1,342 sq ft. So it’s a modestly sized home by local standards.
2. Is the lot size a concern?
The lot is 2,515 sq ft, which is about average for the street but well below the citywide average of 6,570 sq ft. It’s typical for older, inner-city neighbourhoods like Wolseley. If you’re looking for a large yard or room for additions, this property may feel tight.
3. What does the assessed value tell me?
The assessed value of $279,000 is close to the street average ($293,000) and well below the Wolseley ($371,000) and city ($390,000) averages. This could mean lower property taxes relative to many nearby homes, but it also reflects the smaller size and older age of the property.
4. How old is the house, and what should I expect?
Built in 1910, it’s older than most homes on the street (average 1923) and significantly older than the city average (1966). Within Wolseley, it’s fairly typical. Older homes often have solid construction but may need updates to systems like wiring, plumbing, insulation, or roofing. A thorough inspection is advisable.
5. Who typically buys a home like this?
This property tends to attract buyers who value Wolseley’s character and walkability over modern finishes or a large footprint. First-time buyers, downsizers, or anyone comfortable with a smaller lot and an older home that has potential for personalization would find it a good fit. It’s less suited for families needing extra space or a large yard.