863 Telfer Street N

Property Overview: 863 Telfer Street N, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a compact, nearly century-old property in Winnipeg's Minto neighbourhood, built in 1929. Its key characteristic is its modest scale: at 676 sqft of living space on a 2,409 sqft lot, it is notably smaller than most comparable homes on its street, in the area, and across the city. The assessed value is correspondingly low, ranking well below average city-wide.

The appeal lies in its potential as an efficient, low-cost entry point into homeownership. It suits buyers with a limited budget seeking a manageable property with minimal upkeep, such as first-time buyers, downsizers, or investors looking for a straightforward rental opportunity. A less obvious perspective is that its smaller size and lot could translate to significantly lower utility and maintenance costs compared to larger, older homes. Furthermore, being built in 1929 makes it relatively newer than many houses on its street, which could suggest somewhat updated infrastructure for its age. This isn't a property for those needing space, but rather for those prioritizing financial accessibility and simplicity.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics, primarily its significantly smaller-than-average living area and lot size compared to homes across Winnipeg.

2. What does the "Top 22%" ranking for Year Built on its street mean?
This indicates the home, built in 1929, is newer than approximately 78% of the 82 comparable properties on Telfer Street N. It is a relatively recent build for that specific block.

3. Who would this property be most suitable for?
It is best suited for budget-conscious buyers, such as first-time homeowners or investors, who prioritize low carrying costs over square footage. Its manageable size makes it a candidate for downsizers as well.

4. How accurate are the sold price ranges shown?
The sold price ranges are estimates based on public data. To obtain the exact historical sale price, you must request it via the provided email service, which manually confirms the figure.

5. The lot seems small. Are there any advantages to that?
A smaller lot typically means less exterior maintenance (like mowing and landscaping) in both time and cost. This can be a practical advantage for owners seeking a low-maintenance lifestyle or for rental investment efficiency.