Property Overview: 901 Telfer Street N, Winnipeg
Key Characteristics & Appeal
This home stands out for its generous proportions and established presence in the Minto neighbourhood. Its primary appeal lies in offering significantly more space than most homes in its immediate area. With 2,362 sqft of living area, it ranks in the top 1% on its street and in the Minto area, where comparable homes average just over 1,000 sqft. The lot size of 4,337 sqft is also well above local averages, providing ample outdoor space. Built in 1960, the property is notably newer than many of its neighbours, suggesting potentially fewer concerns with the aging components common in century-old homes.
The assessed value of $430k is elite for the Minto area (top 1%), indicating official recognition of its premium standing locally. This creates an interesting dynamic: while it's a high-value property for the neighbourhood, its assessment is close to the city-wide average, which could be seen as a relative value proposition for the space offered.
This property would best suit buyers who prioritize interior and yard space over a traditionally prestigious postal code. It’s ideal for someone seeking a larger home in a mature, central neighbourhood without the premium price tag of a high-end suburb. It could also appeal to value-oriented investors or homeowners looking for a property with standout metrics in its community, offering a unique combination of size and established character.
Frequently Asked Questions
1. How does the $430k assessment compare to its likely market value?
While assessments are for tax purposes and not market appraisals, being in the top 1% for Minto signals it is considered a premium property for the area. The last recorded sale was between $350k-$400k in 2017; current market value would depend on condition, updates, and market trends since.
2. What does it mean that the home is "newer" (1960) than most on the street?
The average build year on Telfer Street N is 1923. A 1960 build likely means different construction materials and standards, potentially with more modern electrical, plumbing, or foundation systems than much older homes, though it still requires a thorough inspection for its own age-related updates.
3. The lot is large for the area but average for the city. Why?
The 4,337 sqft lot is significantly larger than local lots (which average ~3,000 sqft) but smaller than the city-wide average of 6,570 sqft. This highlights the denser, more established nature of central neighbourhoods like Minto compared to newer suburban developments with larger standard lots.
4. Who provides the exact historical sold price, and why isn't it public?
The exact sale price is manually verified from proprietary sources. You can request it via email from the listing service, which promises a reply by the end of the day without using your email for marketing—a service they provide to ensure data accuracy beyond public estimates.
5. How should I interpret the "elite" rankings for size but "average" city-wide ranking for value?
This suggests you are acquiring a home that is physically much larger than most in its locale, yet its official valuation is aligned with a typical Winnipeg home. This disconnect can be appealing, indicating you may be paying for a "city-average" price while gaining "neighbourhood-elite" space, though final market price is the true determinant.