Property Overview: 785 Centennial Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Centennial Street in the Mathers neighbourhood presents a practical and grounded opportunity. Built in 1956, it offers just over 1,000 square feet of living space on a roughly 5,100 sqft lot, placing it around the average for its immediate street in terms of size and vintage. Its standout characteristic is its assessed value, which ranks notably above average for the street, suggesting the property holds inherent value or potential that outpaces many direct neighbours.
The appeal lies in its position as a solid, no-surprises base in a mature area. It suits a first-time buyer or pragmatic investor looking for a home that isn’t the largest or newest on the block, but which demonstrates strong value fundamentals for its locale. It’s a property for someone who sees potential in a stable, established setting rather than seeking luxury or immediate modern finishes. The lot size is generous for the area, offering room for outdoor space or future expansion, which is a less obvious advantage in a neighbourhood of older homes.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in the 2020 price range of $300k-$350k. Its current assessed value of $43.1k (a figure used for municipal tax purposes) is not a market valuation but ranks well above the street average, indicating a favourable tax assessment relative to nearby properties.
2. Is the living space smaller than average?
Yes. At 1,002 sqft, the living area is below the average for both the wider Mathers area and Winnipeg citywide. However, it is closer to the average for Centennial Street itself, indicating the home is typical for its specific block.
3. What does the "above average" assessed value ranking mean for me?
While a higher assessment can correlate with property value, it primarily influences your annual property taxes. It suggests the municipality views this property as holding more value than many on its street, which can be positive for equity but results in a tax bill that is not discounted relative to neighbours.
4. How old is this home, and what should I consider?
Built in 1956, the home is 70 years old. This is around the city average but is actually older than most homes in the broader Mathers area. Prospective buyers should budget for updates to aging core systems like plumbing, electrical, and the roof, which are common for homes of this era.
5. Can I get the exact historical sale price?
The public data shows a sale price range. The exact, precise sale price is available by request directly from the listing service, as noted on the detail page.