Property Overview: 1123 Salter Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 1123 Salter Street in Margaret Park is defined by its substantial lot and strong value proposition. Its key characteristic is an exceptionally large, nearly 7,000 sqft lot, which ranks in the top 5% on its street and top 17% citywide. This offers rare potential for expansion, gardening, or outdoor space in an established neighbourhood. The house itself, built in 1967, is newer than many on the block and offers a living area that is competitive locally. A standout feature is its assessed value of $36.3k, which is elite for the immediate area (top 4%), suggesting the property is viewed as a high-value asset relative to its peers, even before considering the land.

The appeal lies in this combination of a premium-sized lot and a solid, mid-century home, presenting a clear opportunity for land value. It would suit a practical buyer looking for a footprint to build upon or customize over time, or an investor who recognizes the underlying asset value. It’s less about a turnkey, modern finish and more about the inherent potential of the property itself. A thoughtful perspective is that while the home’s size is average for the city, its lot size and assessed value metrics are disproportionately strong for the neighbourhood, indicating it may be a standout property on the block.

Section 2: Frequently Asked Questions

1. What does the "assessed value" figure mean in this context?
The assessed value of $36,300 is for taxation purposes and is not the market price. Its ranking in the top 4% on Salter Street indicates the municipal assessment of this property’s value is significantly higher than most direct neighbours, often reflecting its larger lot and condition.

2. How recent is the sale history?
The property sold between 2022 and 2025 for an estimated $350k-$400k. The exact sale price is available upon request from the listing source.

3. Is the lot size unusual for the area?
Yes. At 6,973 sqft, the lot is substantially larger than the average on Salter Street (~4,024 sqft) and in Margaret Park (~5,139 sqft), offering a notable advantage for privacy, outdoor use, or future development.

4. What does the "Year Built" ranking tell me?
Built in 1967, this home is newer than 92% of the homes on Salter Street, where the average build year is 1932. This suggests potentially fewer issues associated with very old homes, though a full inspection is always recommended.

5. Who are the likely neighbours?
The immediate neighbours on Salter Street are a mix, with homes built much earlier (average 1932). The nearby comparable listing at 299 Newton Ave (built 1966, similar size and value) suggests the wider Margaret Park area has a segment of similar mid-century properties.