493 Telfer Street S – Property Summary

Key Characteristics & Buyer Profile

This is a 1,462-square-foot home on a 2,896-square-foot lot, built in 1910 and currently assessed at $332,000. The property sits in Winnipeg’s Wolseley neighbourhood, a well-established area known for its mature tree canopy, older homes, and walkable streets.

Where the appeal lies: The home offers above-average living space relative to other properties on Telfer Street, ranking in the top 16% for size on that block. Its assessed value ($332K) is also above the street average of $293K, suggesting the home or its condition supports a premium over nearby comparables. On the neighbourhood and city level, both living area and assessed value fall around the middle of the pack, which means you’re not paying an outlier premium for the location alone. The lot size is modest—typical for the street but smaller than the citywide average—which may keep yard maintenance manageable.

What to consider: At 1910, the home is older than most in the area and significantly older than the citywide median (1966). This often means original character features, but also potential maintenance items like aging electrical, plumbing, or foundation work. The lot is below average for Winnipeg, so if a large yard or expansion space is a priority, this may not be the right fit.

Who it suits: A buyer who values being in Wolseley for its character, walkability, and established neighbourhood feel, and who is comfortable with the realities of an older home. This is less suited to someone seeking a move-in-ready modern house or a large lot for outdoor projects. It could work well for a first-time buyer looking for a solid entry point in a desirable inner-city neighbourhood, or someone downsizing who wants the character without the yard work a bigger property demands.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
Above the street average. On Telfer Street, the average assessed home is $293K, and this property is assessed at $332K. Within Wolseley as a whole, values are higher (averaging $371K), so this home is priced below the neighbourhood average but ahead of its immediate street.

2. What should I know about a 1910-built home?
Homes from this era generally have solid framing and often include original woodwork, high ceilings, or built-ins. However, buyers should budget for possible updates to insulation, windows, and mechanical systems (heating, electrical, plumbing). The city ranking indicates this is an older home even by Wolseley standards, where the neighbourhood average build year is 1916.

3. Is this considered a small lot for Winnipeg?
Yes, relative to citywide averages. The lot is 2,896 sqft, falling in the bottom 9% of comparable properties across Winnipeg (city average is 6,570 sqft). That said, it’s typical for this street, where lots average around 3,000 sqft. Expect a small backyard—best suited for a patio or garden rather than large gatherings or additions.

4. How does the living space stack up for this price range?
The home provides above-average square footage for its immediate block and a middle-of-the-pack amount citywide. At 1,462 sqft, it’s about 120 sqft larger than the city average for comparable homes. This suggests reasonable space for a small family or a couple, but not oversized relative to its assessed value.

5. Where can I see how this property compares to neighbouring houses?
There’s a neighbourhood analysis map available that shows nearby homes side-by-side, allowing you to compare build year, living area, assessed value, and lot size. You can open it from the property page by clicking the “Open neighbourhood map analysis” link.