505 Telfer Street S

Wolseley, Winnipeg

Property score

57.3

Fair

Overall 57.3 · Smaller but newer than most nearby homes

986 sqft (bottom 10%) · Built in 1927 (11 yrs newer than avg)

Located in a high-income area with median household income of ~98k

Transit 92.0 · 3-min walk to transit with 6 nearby routes · Within 500m: 6 dining spots, 3 schools, 1 shop, and 4 parks nearby

Living Area

Below average

39% smaller than neighborhood avg.

Year Built

Above average

11 yrs newer than neighborhood avg.

Mother tongue

English · 86%French · 1%

Past 10 years Wolseley sales snapshot (~80% of all data)

Sold Count

820

Median price

382.5k

$/sqft

$285/sqft

Avg build year

1916

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Property score

57.3 is composed by the two sections below.

Property Score

37.6Low
Living Area986 sqft42Low
Year Built192720Low
Lot Size3,185 sqft38Low
Neighbourhood Sales Activity53Fair

Community Score

86.9Excellent
Household Income84Excellent
Education Level91Excellent
Housing Stress83Excellent
Core Housing Need88Excellent
Employment Health96Excellent

Neighbourhood Sales

Wolseley

How to read: Share of sales in each ~$50k price band for “wolseley” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110111

Community deep dive

$98K

Median household income

$116K

Average household income

9%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.3

P90 / P10 ratio

26%

Single-person households

30%

Families with children

Population, labour & age

Population (2021)674
Labour force participation rate80%
Median age36.0
Avg household size2.4
Unemployment rate5%
Population density4493 / km²

Households & income

Low income (LIM-AT, % pop.)9%
Single-person households26%
Couple families with children30%
Median household income (2020)$98K

Housing

Renter households18%
Condominium dwellings0%
Median dwelling value (owners)$300K

Diversity, education & language

Immigrants (share of pop.)7%
Visible minority9%
Bachelor's or higher (25–64)53%
Mother tongue (1st)English · 85%
Mother tongue (2nd)French · 1%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
986 sqft
0255075100
Same streetBottom 34%Same areaBottom 10%CitywideBottom 24%
Same street · Telfer Street S
#54 / 82
Bottom 34% · Avg 1,140 sqft
Same area · Wolseley
#2,119 / 2,349
Bottom 10% · Avg 1,622 sqft
Citywide · Winnipeg
#147,079 / 194,458
Bottom 24% · Avg 1,342 sqft

Tax-Assessed Value

around average
291k
0255075100
Same streetTop 45%Same areaBottom 23%CitywideBottom 27%
Same street · Telfer Street S
#37 / 82
Top 45% · Avg 293.1k
Same area · Wolseley
#1,820 / 2,349
Bottom 23% · Avg 371.3k
Citywide · Winnipeg
#142,319 / 194,458
Bottom 27% · Avg 390.1k

Year Built

above average
1927
0255075100
Same streetTop 24%Same areaTop 11%CitywideBottom 16%

Lot Size

around average
3,185 sqft
0255075100
Same streetTop 34%Same areaTop 44%CitywideBottom 15%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

505 Telfer Street S — 20 amenities found within 500 m, across 7 categories, including 6 dining (nearest 214 m), 3 education (nearest 114 m), 1 shopping (nearest 363 m).

Search radius
🍽️Dining6
🏫Education3
🛒Shopping1
🌳Parks4
🏦Finance2
Fuel Stations1
Worship3

Crime & Safety

Wolseley · WPS public data · 2026

Annual incidents

34

2026

vs. city avg

+15%

relative to avg

Year-over-year

-95%

vs. prior year

Primary type

Property

68%

Sales History

Sold 8/2019CA$250k–300k
Sold price

Same street

Bottom 29%

Same area

Bottom 14%

City-wide

Bottom 25%

Related homes

Highlights & common questions: 505 Telfer Street S, Winnipeg

505 Telfer Street S – Property Summary

Key Characteristics & Buyer Fit

This is a 1927 home with 986 square feet of living space on a 3,185 sqft lot. Its strongest feature is its age: built in 1927, it ranks in the top 24% on its street and the top 11% within the Wolseley neighbourhood for its era. For buyers who value pre-war character, older construction, or a home with established landscaping and mature trees, this stands out.

The property’s appeal lies in its positioning within Wolseley—a neighbourhood known for its older homes, walkability, and community feel. The lot size is average for the street but smaller than typical citywide lots, which reflects an older, denser urban area rather than suburban sprawl. The assessed value ($291,000) sits near the street average and well below the neighbourhood and city averages, which could appeal to buyers looking for a lower entry point in a desirable inner-city pocket.

This property would best suit a buyer who prioritises location and character over square footage. It may not be ideal for someone seeking a large, modern open floor plan or a big backyard. First-time buyers, renovators, or those looking to get into Wolseley at a relatively accessible price point should take a closer look. The living area is below the neighbourhood and city averages, so expect cosy, possibly compartmentalised rooms typical of the era.


Frequently Asked Questions

1. Is the home move-in ready or does it need work?
That depends on your standards. The data does not include specific renovation history. Given its 1927 construction, you should budget for potential updates to mechanicals, windows, insulation, and possibly foundation work. A home inspection is strongly recommended.

2. How does the property compare to others currently on the market in Wolseley?
It’s smaller in living area than the neighbourhood average (1,622 sqft) and sits on a slightly smaller lot than the neighbourhood norm (3,434 sqft). Its assessed value is well below the Wolseley average ($371,300), positioning it as one of the more affordable options in the area.

3. What is the property tax situation?
The assessed value is $291,000. Property taxes in Winnipeg are based on this assessment. You should verify the current mill rate and any applicable tax increases or phase-ins with the city or your realtor, as assessments change annually.

4. What does “ranked top 11% in the neighbourhood for year built” actually mean for a buyer?
It means the home is older than most in Wolseley. While this can signal craftsmanship and character, it also means you’re likely dealing with an older roof, furnace, electrical, and plumbing. These are not necessarily problems, but they warrant a closer look and possibly a specialized inspection for older homes.

5. Is the lot size sufficient for additions, a garage, or a garden?
At 3,185 sqft, it’s typical for the street but smaller than many city lots. You likely have a modest front and back yard. Whether you can add a detached garage or an extension depends on zoning setbacks, lot coverage limits, and the condition of existing structures. Check with the city of Winnipeg’s planning department before making plans.

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