Property Overview & Key Characteristics
This home at 909 Telfer Street N in Winnipeg's Minto neighbourhood presents a specific and practical value proposition. Its key appeal lies in the combination of a very generous 4,106 sqft lot—significantly larger than most in the immediate area—with a modest, efficiently sized 698 sqft house built in 1959. The assessed value is notably low, positioning it as one of the more accessible entry points into the market.
The property suits a specific type of buyer: first-time purchasers or investors seeking a low-entry-cost property with land potential. Its smaller living space is balanced by the sizable yard, offering room for gardening, expansion, or future development. It’s a home for those who prioritize land size and affordability over immediate square footage, and who are comfortable with a house that is newer than many on its street but still requires consideration for updates typical of its age.
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—namely its smaller living area and its location within the Minto neighbourhood—rather than the city-wide average, which includes much larger and newer homes in different areas. Locally, its assessment is around average.
2. What does the "above average" year built ranking mean for a 1959 home?
It indicates this home is actually newer than most in its immediate vicinity. Many neighbouring houses were built in the 1920s and 30s, so this property may have undergone fewer generations of wear and updates than older streetscape counterparts.
3. Is the large lot size a major advantage?
Yes, especially in this context. The lot is over 4,100 sqft, ranking in the top 10% on the street. This provides valuable outdoor space and future potential that is uncommon for homes at this price point, though it is below the city-wide average for lot size.
4. Who should consider requesting the exact sold price history?
Anyone seriously interested in making an offer. Since no sales history is publicly displayed, obtaining the exact past sale prices is crucial for understanding market trends for this specific property and making an informed, competitive bid.
5. How should I interpret the "below average" living area rankings?
The home's interior is compact at 698 sqft, smaller than most comparable homes locally and city-wide. This confirms it as a cozy, efficient living space. Buyers should prioritize a functional layout over sheer size and consider if the large yard compensates for the smaller indoor footprint for their lifestyle.