Property Summary: 736 Lanark Street, Winnipeg
Key Characteristics & Appeal
This home at 736 Lanark Street in the Mathers neighbourhood presents a compelling blend of space, value, and established character. Built in 1958, it is notably newer than many homes on its street and in the immediate area, which can suggest updated infrastructure and potentially lower maintenance needs compared to older peers. With 1,472 sqft of living area, it offers above-average interior space for both Mathers and Lanark Street, providing room to grow without feeling oversized.
The property sits on a generous 6,468 sqft lot, offering ample outdoor space for gardening, recreation, or future expansion—a valuable asset within the city. Its assessed value positions it consistently above or around average across local comparisons, indicating a solid, recognized worth in the market. Recent sale history shows steady appreciation, reinforcing its stability.
The appeal here is grounded in practicality and potential. It suits buyers looking for a move-in-ready home with room to personalize, first-time buyers seeking a substantial property without a premium price tag, or downsizers wanting a manageable yet spacious lot. Its strong rankings suggest you get more house and land for your dollar here than in many comparable locations, offering a smart entry into a mature neighbourhood.
Frequently Asked Questions
1. How does this home’s age (1958) affect its value and condition?
While 68 years old, this home is newer than the average house on Lanark Street (avg. 1946) and in Mathers (avg. 1958). This relative newness can be an advantage, often correlating with more modern wiring, plumbing, and layout, potentially reducing immediate major renovation costs.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($44.30k) is for municipal tax purposes and is not a market valuation. Market value is determined by recent sales, like the 2023 sale in the $450k-$500k range. The assessed value's strong ranking, however, indicates the property is consistently valued well against its peers.
3. What does the lot size mean for me practically?
At 6,468 sqft, the lot is larger than most in the area. This provides extra privacy, space for additions like a garage or deck, and significant gardening or play area—a feature that is increasingly rare and adds long-term value.
4. How does this property compare to others in Winnipeg overall?
City-wide, this home is very solidly positioned. Its living area is around the city average, but its lot size and assessed value rank above average, suggesting you're acquiring a better-than-typical land-to-building ratio for Winnipeg.
5. Where can I see more detailed context about the immediate neighbourhood?
For a precise visual comparison of this property against its direct neighbours in terms of year built, size, and value, you can use the dedicated neighbourhood analysis map linked on the detail page. This tool helps you see exactly how it fits on the block.