Property Overview: 877 Telfer Street N, Winnipeg
Section 1: Key Characteristics & Appeal
This is a 1,204 sqft home built in 1914, situated on a 3,373 sqft lot in the Minto neighbourhood. Its key appeal lies in its practical balance of space and value within a well-established community. The living area is notably above average for Minto, offering more interior room than many neighbouring homes, while the lot size is generous for its immediate street. This combination suggests a home that may feel more spacious than others in the area, both inside and out.
The property’s assessed value is below average for the city, which typically indicates a lower property tax burden—a significant, ongoing cost consideration. The home’s age (112 years) means potential buyers should be prepared for the character and maintenance considerations of a century-old structure, but it also places the home among the established fabric of the neighbourhood.
This property would best suit a pragmatic buyer—perhaps a first-time homeowner, an investor, or a downsizer—who prioritizes living space and lot size over modern finishes. It’s for someone who sees value in a mature neighbourhood and is comfortable with a home that may require updates or thoughtful upkeep. The below-average assessed value relative to the city makes it a candidate for those looking to minimize annual carrying costs.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value mean for me?
A lower assessed value generally results in lower municipal property taxes compared to a similar-sized home with a higher assessment. This is a tangible financial benefit, though it's not directly related to market selling price.
2. The home is over 110 years old. What should I consider?
While the structure has proven its durability, essential systems like plumbing, electrical, and the foundation may have been updated over time or may require inspection. The charm of an older home comes with a focus on maintenance and potential renovation needs.
3. How does the lot size compare meaningfully?
At 3,373 sqft, the lot is larger than most on Telfer Street N. This could allow for more private outdoor space, gardening, or potential expansion (subject to zoning bylaws) compared to tighter neighbouring lots.
4. The last recorded sale was between 2021-2025 for $200k-$250k. Is the price listed now?
The provided data shows a past sale price range. The current asking or list price is not included in this summary and must be checked against the most current listing information.
5. The living area is "above average" for Minto but "around average" city-wide. Which is more relevant?
For daily living and resale within the local market, the Minto comparison is most practical. It means the home offers more interior space than many you'd find in the immediate area, which is a local advantage. The city-wide figure provides a broader context but may include very different types of neighbourhoods.