931 Telfer Street N

Property Overview

This home at 931 Telfer Street N in Winnipeg's Minto neighbourhood presents a specific and practical value proposition. Built in 1958, its key characteristic is a generous 4,107 sqft lot that is significantly larger than most in the immediate area, paired with a modest 676 sqft living space. This creates a distinct dynamic: the home itself is compact and efficient, while the outdoor space offers substantial potential. The assessed value is consistent with the local area, suggesting a straightforward entry point into the market.

Its appeal lies in this land-to-building ratio. For the right buyer, it’s a property where the value is more in the ground than in the structure. It suits a first-time buyer, an investor, or a hands-on owner who prioritizes yard space for gardens, pets, or future expansion over immediate square footage. It’s a practical choice for those comfortable with a smaller home footprint who see the oversized lot as a long-term asset or a canvas for personalization.

Frequently Asked Questions

Is the house too small?
At 676 sqft, the living area is below average for the city and even the local area. It requires efficient use of space and would not suit those needing multiple large rooms. However, this smaller size is reflected in its positioning as an affordable entry point.

Why is the assessed value so much lower than the city-wide average?
The city-wide average includes all property types and neighbourhoods. The assessed value here is much more aligned with the averages within Minto and on Telfer Street itself, indicating it is priced appropriately for its specific location and market segment.

What does the large lot size mean for me?
The lot is a standout feature, ranking in the top 7% on the street. It offers rare outdoor space for the area, providing room for additions like a garage, a large garden, or a deck. It also may offer future potential, though any expansion would be subject to local zoning and permits.

How does the 1958 build year compare?
For Minto and Telfer Street, where many homes are much older (averaging from the 1920s), a 1958 build is actually considered newer. This could suggest updates to core systems may have occurred more recently than in neighbouring century-old homes.

What is the neighbourhood like?
The data shows the home is typical for the Minto area in terms of value and size. Minto is an established, central neighbourhood. Prospective buyers should visit to gauge the street's character and proximity to their desired amenities, as the property’s data reflects its physical and financial metrics, not subjective lifestyle factors.