Property Overview & Appeal
This well-established home on Lanark Street in Mathers presents a compelling opportunity. Its key strength is its above-average size, both in living space (1,736 sq ft, placing it in the top 10% on its street) and on a generous 6,596 sq ft lot. Built in 1959, it is notably newer than many of its immediate neighbors, suggesting potentially fewer age-related concerns than other homes in the area. With an assessed value of $550,000, it sits comfortably in the top tier of its local market.
The appeal lies in securing a spacious property in a mature neighborhood, offering more room than is typical for the area. It would suit buyers looking for a classic Winnipeg home with ample indoor and outdoor space, who value established communities over new developments. A thoughtful perspective is that this property represents a "larger share" of its desirable street and neighborhood—you're getting a home that stands out in its immediate context for its scale and relative modernity, which can be a stabilizing factor for long-term value.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $550,000 is for municipal tax purposes. While it indicates the home is valued highly within its area, the actual market price will be influenced by current conditions, the home's interior condition, and buyer demand. The last recorded sale was between $400k-$450k in 2016.
2. What does it mean that the home is "newer" than most on the street?
Built in 1959, this home is significantly newer than the street average (1946) and neighborhood average (1958). This can imply updated foundational materials, electrical, or plumbing systems compared to pre-war homes, though a thorough inspection is still essential.
3. Is the lot size a major advantage?
Yes. The lot is over 6,500 sq ft, which is larger than about 80% of properties citywide. This offers excellent outdoor space for gardening, recreation, or future additions, a rarity in many mature neighborhoods.
4. Who typically buys in this area?
Mathers attracts buyers seeking established, tree-lined neighborhoods with character. This particular property, given its size, would appeal to families needing space, multi-generational households, or those who simply prioritize larger living areas and yards.
5. How can I find out the exact historical sale prices?
The provider offers a manual service to share exact sold price data. You can submit your email via their button to request this information, which they aim to provide by the end of the same day.