Property Overview: 564 Centennial Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1951, situated on a notably generous lot in the J.B. Mitchell neighbourhood. With 929 sqft of living space, the home is smaller than most comparable properties in the area, but it features a renovated basement and a detached garage. Its primary appeal lies in the land itself—at over 5,400 sqft, the lot size is well above average for Centennial Street, offering valuable outdoor space and potential in a mature community. The assessed value is consistently around the median for its immediate area, suggesting it is priced in line with neighbourhood norms.
This property would suit a first-time buyer or downsizer looking for a manageable footprint without sacrificing yard space. It’s also a practical candidate for those who value a renovated basement for extra living or storage space and prefer the flexibility of a detached garage. The above-average lot presents a less obvious opportunity for gardening, outdoor recreation, or future expansion, subject to local regulations.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living area is below average for the street, neighbourhood, and city. This means the interior is compact, but it also often translates to a lower utility footprint and less maintenance.
2. What does the "above average" lot ranking mean?
The property’s land area of 5,454 sqft ranks in the top 21% on its street. You’re getting more yard space than most of the immediate neighbours, which is a significant asset in an established area.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value ($37,600) is for municipal tax purposes. It shows the home is valued around the middle of the pack locally, but market conditions, the home’s condition, and specific features will determine the final sale price.
4. What is included in the "renovated basement"?
The listing confirms a renovated basement exists, but the scope and quality of the renovation are not detailed. A viewing or inquiry with the seller is necessary to understand the finishes, layout, and whether it is a legal suite.
5. How can I find out the exact historical sold prices?
The provided sold price ranges are based on public data. The site offers to provide the exact sold price history via a manual email service, which you can request directly on the page.