Property Overview: 816 Centennial Street, Winnipeg
Key Characteristics & Appeal
This home at 816 Centennial Street in the Mathers neighbourhood presents a compelling blend of space, value, and established character. Built in 1959, the property stands out for its generous 1,378 sqft living area and a sizable 5,754 sqft lot, both ranking well above average for its immediate street and area. Its most striking feature is its assessed value of $59,400, which places it in the elite top 5% of homes on Centennial Street and in Mathers, suggesting a strong valuation foundation relative to its peers.
The appeal lies in the tangible value proposition: you get significantly more house and land than is typical for the area, coupled with a property assessment that implies a desirable standing. It suits a practical buyer looking for room to grow or customize in a mature neighbourhood, who values lot size over a newer build. It’s also a sensible fit for value-oriented investors or homeowners who appreciate metrics, as the data clearly shows a property that outperforms its local benchmarks in key categories. A less obvious perspective is that a home from this era on a large lot may offer greater potential for additions or landscaping projects than newer, more densely packed subdivisions.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value of $59,400 is in the top 5% for the street and neighbourhood. This typically reflects a combination of the home’s above-average living area, larger lot size, and overall condition or improvements relative to comparable properties.
2. What is the exact recent sale price?
Public data shows it sold for between $500,000 and $550,000 in 2017. For the precise sale price, you can request the exact history via email from the listing source.
3. Is the larger lot size a benefit?
Yes. At over 5,700 sqft, the lot is above average for the street, offering more outdoor space, privacy, and potential for gardening, recreation, or future expansion than many neighbouring properties.
4. How does the age of the home (1959) affect things?
The home is newer than the average on its street. While it brings the character and solid construction of its era, buyers should factor in the potential for age-related updates to systems like plumbing, electrical, or the roof, common for homes of this vintage.
5. How can I truly compare this property to others nearby?
You can use the provided neighbourhood analysis map to visually compare this home’s lot size, year built, living area, and assessed value directly with its immediate neighbours.