Property Overview: 791 Lanark Street, Winnipeg
Key Characteristics & Appeal
This home at 791 Lanark Street in the Mathers neighborhood presents a solid, mid-century property built in 1957. With 1,090 sqft of living space on a roughly 5,500 sqft lot, its size is comfortably average for the immediate area, offering practical space without excessive upkeep. The standout metric is its assessed value, which ranks in the top 30% on its street, suggesting the property is viewed favorably relative to its neighbors, potentially due to updates, condition, or its specific location on the block.
The appeal here is one of stability and neighborhood integration. It’s not an outlier in size or lot dimensions, but it holds its own with a value assessment that outperforms many nearby homes. This points to a property that has been maintained or situated in a way that retains desirability. It would suit a pragmatic buyer—perhaps a first-time homeowner or a downsizer—looking for a established, no-surprises home in a mature Winnipeg neighborhood. The data suggests you’re buying into a street where your investment is already positioned above the local average, which is a less obvious but meaningful form of security.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home sold for an estimated $350k–$400k in 2020. Its current assessed value of $43,600 is a provincial assessment for tax purposes and is not a market valuation. The two figures are calculated very differently and should not be directly compared.
2. Is the living space smaller than average?
At 1,090 sqft, it is somewhat smaller than the average for similar homes on Lanark Street (~1,277 sqft). However, it ranks in the middle tier (top 65%), meaning many homes on the street are of a comparable size, offering efficient and manageable space.
3. What does the "above average" year built ranking mean?
Built in 1957, this home is newer than many on its street, ranking in the top 22%. This suggests the immediate area has older housing stock, so this property might have features or construction methods from a slightly more modern era.
4. How can I find out the exact historical sale price?
The provided sale price is a public data range. The listing service offers to provide the exact sale price via a manual email request, which they aim to fulfill by the end of the same business day.
5. What kind of neighborhood is Mathers?
While not detailed in this data, the provided metrics allow comparison to other homes on Lanark Street, in the wider Mathers area, and city-wide. The fact that the home’s assessed value ranks higher on its street than in the broader area may indicate a particularly well-regarded block or section within Mathers.