Property Summary: 39 Hanna Street, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its land. At 6,585 sqft, the lot size is notably above average for both the Margaret Park neighbourhood and Winnipeg overall, offering substantial outdoor space and potential. The house itself, built in 1966, is modest in size at 894 sqft, placing it below average for living area. This creates a clear dynamic: you are primarily investing in a large, well-situated parcel of land with a smaller, vintage home on it.
Its appeal lies in this very balance. For a buyer comfortable with a smaller footprint or looking for a manageable starter home, the generous lot provides room for gardens, play, pets, or future expansion. The assessed value is consistently around the average for its immediate area, suggesting a stable, un-inflated entry point into the market. It would suit a practical first-time buyer, an investor seeking a property with land value, or someone willing to live in a smaller home to gain a larger private outdoor space—a trade-off that is increasingly rare in city neighbourhoods.
Frequently Asked Questions
1. Is the house in need of major updates?
Given its age (1966) and smaller size, buyers should budget for potential updates to mechanical systems, windows, or insulation that are typical for homes of this era. The condition inside will be a key factor in its value.
2. What does the "above average" lot size actually mean for me?
It means more privacy, flexibility, and potential than most city lots. This could translate to space for a large shed, a vegetable garden, recreational areas, or even a future addition, subject to local zoning bylaws.
3. Why is the living area ranked so low compared to the lot size?
This is the defining characteristic of this property. It reflects a time when houses often occupied a smaller portion of the lot. You are getting a home from a different era of building, where outdoor space was a priority.
4. How reliable are the sold price ranges shown?
The ranges are based on public data, which in Manitoba often does not disclose exact sale prices. For the precise historical sale amounts, you must request the information directly from the listing service, as noted on the page.
5. The assessed value seems low compared to city averages. Why?
The city-wide average includes all property types and newer areas. This home’s assessment is aligned with older, more modest homes in its specific neighbourhood (Margaret Park) and street, which is a more relevant comparison for understanding its tax valuation and local market position.