Property Overview: 759 Lanark Street, Winnipeg
Key Characteristics & Appeal
This home at 759 Lanark Street in the Mathers neighbourhood presents as a solid, mid-century property built in 1956. With 1,274 square feet of living space on a 5,372 square foot lot, its size is consistently around the average for similar homes on its street, in the area, and across Winnipeg. This suggests it offers practical, established family space without being oversized.
The appeal lies in its grounded, balanced profile. The assessed value is moderate, positioning it as a potentially accessible entry point into the market. Notably, while the home’s living area is above average for the Mathers area, its assessed value ranks below average there, which could indicate a value opportunity for a buyer seeking space in the neighbourhood. It suits practical buyers—first-time homeowners, downsizers, or investors—who prioritize functional space and lot size over modern luxury. The property’s history shows a sale between $300k-$350k in 2016, providing a tangible benchmark for market comparison.
A less obvious perspective is its potential as a steady, low-drama holding. Its metrics are rarely extreme, which can mean fewer surprises related to premium taxes or disproportionate renovation needs compared to more outlier properties. It’s a home that represents the reliable middle of the market.
Frequently Asked Questions
1. Is this a good value for the Mathers area?
The data suggests it could be. The home’s living area is above the Mathers average, while its assessed value is below average for the area. This disconnect might indicate a relatively favourable value proposition for the space offered.
2. What does the sold price history tell me?
The property sold for an estimated $300,000–$350,000 in 2016. This provides a historical anchor point. For the exact sale price, you can request the information directly via the provided email service.
3. How does the lot size compare?
At just over 5,300 square feet, the lot is slightly below the average for both the immediate street and the wider city, but is fairly typical for Mathers. It offers standard outdoor space for the neighbourhood.
4. Is the age of the home (1956) a concern?
Built in 1956, the home is older than many in Mathers, ranking in the older third for the area. This typically means prospective buyers should budget for updates and ensure thorough inspections for aging components like plumbing, electrical, and the roof.
5. How can I genuinely compare this property to others?
Use the provided neighbourhood analysis map to visually compare this home’s year built, size, value, and lot dimensions directly with its immediate neighbours. This offers clearer context than city-wide averages alone.