494 Telfer Street S – Property Summary
Key Characteristics & Ideal Buyer
This is a 1911 home with 1,180 square feet of living space on a 2,515-square-foot lot, located in the Wolseley neighborhood. Its main appeal is its assessed value relative to the street it sits on. The home ranks in the top 35% for assessed value on Telfer Street, with a valuation of $314,000 against a street average of $293,100. This suggests the property holds its value well compared to its immediate neighbors.
The living area is average for the street but below average for Wolseley and the broader city. The lot is on the smaller side—especially citywide, where comparable lots average over 6,500 square feet. The home’s age (1911) is older than the citywide average for comparable homes (1966), which is typical for Wolseley but worth noting for maintenance expectations.
This property would suit a buyer who values being in an established, central neighborhood and wants a home that is competitively priced within its own street. It’s less suited for someone seeking a large lot or a newer structure. The numbers point to a solid, modest home in a desirable area—more practical than premium.
Five Possible FAQs
1. How does this home’s size compare to others nearby?
On Telfer Street, its 1,180 square feet is right around average. But in the wider Wolseley neighborhood, the average for comparable homes is 1,622 square feet, so it’s on the smaller side. Citywide, it’s close to average for its category.
2. Is the assessed value a good deal for this area?
The assessed value of $314,000 is above the street average of $293,100, which indicates it’s a higher-valued property on Telfer. However, it’s below both the Wolseley average ($371,300) and the citywide average ($390,100). So it’s reasonably priced for the neighborhood, not a bargain or a stretch.
3. What should I expect from a home built in 1911?
Older homes often have solid construction but come with older systems (plumbing, electrical, insulation). Wolseley has many homes from this era, so local contractors are familiar with the quirks. The build year ranks in the top 93% oldest citywide, so it’s older than most comparable homes in Winnipeg.
4. How does the lot size affect usability?
At 2,515 square feet, the lot is noticeably smaller than the Wolseley average (3,434 sqft) and much smaller than the citywide average (6,570 sqft). This likely means less yard maintenance and a more compact outdoor space—fine for gardens or a small patio, but not for large gatherings or extensive landscaping.
5. What do the rankings actually mean?
The rankings show how this property compares to similar homes on the same street, in the neighborhood, and across the city. For example, a “top 50%” rank means it’s better than half of the comparable homes. The bars and colors in the analysis visually indicate where this home stands relative to the median benchmark.