Property Overview: 865 Telfer Street N, Winnipeg
Key Characteristics & Appeal
This is a compact, century-old home in Winnipeg's Minto neighbourhood, built in 1914. Its key characteristic is its modest scale: with 651 sqft of living space on a 2,409 sqft lot, it is notably smaller than most homes on its street, in the area, and across the city. The assessed value of $210k is significantly below the Winnipeg city-wide average for homes, reflecting its size and likely positioning it as one of the more accessible entry points into homeownership in the market.
The appeal lies in its simplicity and potential. It suits a specific buyer: a first-time purchaser, an investor, or someone seeking a minimalist footprint who values location over square footage. Its recent sale history (between $150k-$200k in 2021) suggests it may be a candidate for renovation or held as a long-term asset. A thoughtful perspective is that a home of this age and size on its own lot offers a rare opportunity for gradual, manageable improvement or redevelopment, unlike a condo where changes are limited. It’s for a buyer who sees utility and potential where others might only see limitations.
Frequently Asked Questions
1. Why is the living area so much smaller than the averages shown?
The home, built in 1914, reflects the more modest housing standards of its era. At 651 sqft, it is a compact bungalow, which is now uncommon compared to modern, larger homes.
2. What does the assessed value tell me about the price?
The assessed value of $210k is for municipal tax purposes. It indicates the home is valued well below the city-wide average, which typically correlates with a lower market price. The last known sale was between $150k and $200k in 2021.
3. Is the lot size a disadvantage?
At 2,409 sqft, the lot is smaller than many in Winnipeg but is consistent with older neighbourhoods like Minto. It provides outdoor space without the maintenance burden of a large yard and may offer future potential for additions, subject to zoning.
4. Who would this property suit best?
It is best suited for a budget-conscious first-time buyer, an investor looking for a rental property, or someone seeking a low-maintenance, character home. It requires a vision for its compact layout and potential updates.
5. How can I find out the exact past sale prices?
The provided sale prices are estimated ranges from public data. You can request the precise sale history by submitting your email via the "Get exact sold price history" button on the property page. The service is manual, with no marketing spam.