Property Summary: 1126 Salter Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1126 Salter Street in Margaret Park stands out for its generous lot size and above-average living space within its local context. The nearly 8,000 sqft lot is a defining feature, ranking in the top 2-4% of the immediate area, offering significant outdoor potential that is rare for the neighbourhood. Built in 1967, the house is notably newer than many on its street. With 1,359 sqft of living area and an assessed value that sits above local averages, it presents as a well-sized, established property.
Its appeal lies in this combination of a larger, newer structure on an exceptionally spacious lot for the area. It would suit a buyer looking for a footprint with room to grow, garden, or add amenities outdoors, without necessarily moving to the suburbs. It’s a practical choice for someone who values space and potential over a brand-new build, and who understands the value proposition within a specific neighbourhood like Margaret Park.
Section 2: Frequently Asked Questions
1. What does the "Elite" ranking for land area actually mean?
It means this property's lot size (7,973 sqft) is larger than approximately 96-98% of the lots on Salter Street and in the wider Margaret Park area. It is a notably large parcel for this location.
2. The home sold in 2024. Why is the price shown as a range?
The exact sale price is not publicly disclosed in Manitoba. The range provided is an estimate based on available data. You can request the exact price via email from the listing service, which they provide manually.
3. The assessed value seems low compared to the sale price range. Why?
Municipal assessed value for tax purposes is not intended to reflect current market value. It is often lower, especially in a rising market. The recent sale price is a much stronger indicator of the home's actual market worth.
4. How does the age and size of this home compare to the city overall?
City-wide, this home is around average in age and living area. Its standout features are primarily relative to its own neighbourhood, where it is newer and on a much larger lot than most comparable properties.
5. What is the benefit of the neighbourhood comparison metrics?
They help you understand this property's specific advantages or disadvantages within the area you're actually considering. For example, while the living area is above average for Margaret Park, it’s the lot size that is truly exceptional for this location.