Property Overview: 580 Centennial Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the J.B. Mitchell neighbourhood presents a practical and grounded opportunity. Built in 1953, its 1,045 sqft living area is squarely average for the area, but it features a renovated basement, adding valuable finished space. A detached garage and a notably above-average land size of 5,476 sqft for the street provide useful outdoor space and potential.
The appeal lies in its position as a straightforward, no-frills property in a mature community. With an assessed value that is moderate for the city, it represents an accessible entry point into the Winnipeg market. The renovated basement suggests some modern updates without the premium of a fully rebuilt home. It’s a property that suits first-time buyers, downsizers looking for single-level living, or practical investors seeking a rental property with a good lot size. Its value is in its functionality and the potential of its larger-than-standard lot on the block, rather than in high-end finishes or square footage.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A viewing is essential to assess the quality of the renovation, the ceiling height, and whether it includes a legal secondary suite or additional living space like a family room or bedroom.
2. How does the assessed value relate to the likely selling price?
The assessed value for taxation purposes is $38,400. In Winnipeg, this is often significantly lower than market value. The last recorded sale was in 2016 for approximately $27.5k-$30.5k. The current market price will be determined by recent sales of comparable homes, condition, and demand.
3. Is the larger lot a significant advantage?
Possibly. At 5,476 sqft, the lot is larger than many on Centennial Street. This could allow for more private outdoor space, gardening, or future expansion like a shed or deck. It's a less obvious feature that adds tangible utility.
4. What are the implications of the home's age (1953)?
While systems like plumbing, electrical, and the roof may have been updated, their age and condition should be a key focus of a home inspection. The charm of a mature home comes with the responsibility of maintaining an older structure.
5. Why is the exact historical sold price not publicly listed?
The vendor uses a service that provides precise sale data from proprietary sources, not just public records. They offer to share the exact past sale figures manually via email to ensure accuracy for serious inquiries.