Property Overview & Key Characteristics
This home at 1118 Salter Street in Winnipeg's Margaret Park neighbourhood presents a compelling mix of space, vintage, and value. Its key appeal lies in its generous 6,335 sqft lot, which ranks well above average for both the street and the wider area, offering significant outdoor potential. Built in 1970, it is a notably newer construction compared to many homes on its street and in Margaret Park, suggesting potentially fewer concerns with aging infrastructure. With 1,208 sqft of living space, it offers roominess that is competitive for the area.
The property would suit practical buyers looking for a solid, move-in-ready home with ample yard space in a mature neighbourhood. It's particularly appealing for those who value a newer build date within an older community, as it combines established streets with a more modern structure. The assessed value positions it as a strong, mid-range offering in the city, representing a grounded investment rather than a fixer-upper or a luxury purchase.
Frequently Asked Questions
1. How does the 1970 build date compare to nearby homes?
This home is significantly newer than most on its street, ranking in the top 5%. The average build year for comparable homes on Salter Street is 1932, making this property a relatively modern option in a classic neighbourhood.
2. What does the above-average lot size mean for me?
At over 6,300 sqft, the lot is larger than approximately 87% of properties on Salter Street. This provides more private outdoor space than is typical, which is a valuable asset for gardening, recreation, or future expansions like a shed or deck.
3. The home sold between $250k-$300k in 2019. What is its value context?
Based on its current assessed value and past sale price, this property sits in a stable, middle-value tier for Winnipeg. It is not at the extreme high or low end, which can indicate a balanced investment with less volatility.
4. Is the living space considered large for the area?
At 1,208 sqft, the living area is very close to the average for Margaret Park (1,227 sqft) and is actually above the citywide average for comparable homes. It offers a comfortable size that is competitive within its immediate market.
5. Who are the most likely neighbours or comparable buyers?
Given its profile, this home would attract buyers who prioritize practical living space and a sizable yard over a downtown or ultra-modern location. It's well-suited for small families, downsizers seeking single-level living, or investors looking for a stable rental property in a established community.