451 Telfer Street S – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a 2,068 sqft home built in 1912, situated on a 3,540 sqft lot in the Wolseley neighbourhood of Winnipeg. Its standout feature is its living area: the house is ranked in the top 4% on its street and top 9% citywide for size among comparable homes. It is substantially larger than average on Telfer Street, where the typical living area is about 1,140 sqft. The lot is also above average for both the street and neighbourhood, though modest compared to Winnipeg as a whole. The assessed value of $330,000 sits roughly in line with the neighbourhood and city averages, which suggests the price reflects the home’s character and location more than modern updates or lot size.

The appeal lies in the combination of generous interior space and Wolseley’s established, walkable character. This is not a move-in-ready flip or a suburban expansion lot. The home dates to 1912, placing it among the older properties citywide, and the assessed value indicates it is not a premium-priced property. This would suit a buyer who values pre-war architecture, wants room to spread out without moving to a newer subdivision, and is willing to take on the upkeep an older home requires. It may also appeal to someone who sees value in a large floor plan on a street where similar-sized homes are rare, even if the finishes or systems are not brand new.

Frequently Asked Questions

1. How does the property’s age compare to others nearby?
The home was built in 1912. On Telfer Street, the average build year for comparable homes is 1923, so it is slightly older than the street and neighbourhood norm. Citywide, it falls in the oldest 8% of properties, which is typical for Wolseley but worth noting for buyers concerned about aging infrastructure or renovation needs.

2. Is the assessed value of $330,000 a reliable indicator of market price?
It is a starting point. The assessment places the home around the average for Wolseley and slightly below the city average for comparable homes. However, assessed values are not the same as market value. The large living area and character of the home could command a premium, while the older construction and potentially dated systems might limit it. A local agent can give a more accurate sense of recent sale prices for similar homes in the area.

3. What does “Top 4% on street” for living area actually mean in practice?
It means this is one of the largest homes on Telfer Street by interior square footage. Among 82 comparable properties on that street, it ranks 3rd. This is a significant advantage if you want more room than neighbours typically have, but it also means the floor plan may not be typical for the area—so room layouts, ceiling heights, or additions could be unique compared to other Wolseley homes.

4. How does the lot size affect usability?
At 3,540 sqft, the lot is above average for the street and neighbourhood, but below average for Winnipeg overall. This is a typical urban lot—enough for a garden, small patio, or off-street parking, but not expansive. If you are used to suburban yards, it will feel compact. If you are looking for manageable outdoor space in a mature neighbourhood, it is a good fit.

5. What are the main risks or downsides of this property?
The primary risks are tied to the home’s age. Older homes can have hidden issues with wiring, plumbing, insulation, or foundation, and the 1912 build date puts it in a vintage where these systems may have been updated unevenly. Additionally, because the lot is smaller than the typical Winnipeg property, future resale might be more appealing to buyers who prioritize location and character over yard space. It is also worth getting a clear sense of any heritage or zoning restrictions in Wolseley before planning major renovations.