Property Overview
This home at 821 Lanark Street in Winnipeg's Mathers neighbourhood presents a compelling blend of space, value, and established character. Its primary appeal lies in offering above-average living space and a more recent build date compared to most immediate peers, all within a stable, mature community.
Key Characteristics & Ideal Buyer
The 1,826 sqft living area is a significant standout, placing it in the top 7% on its street and top 6% in Mathers—offering substantially more room than the local averages. Built in 1960, it is notably newer than many surrounding homes, ranking in the top 5% locally for year built. This suggests a property that may have modernized infrastructure while still offering classic neighbourhood charm. The assessed value of $53,200 is consistently above average for the area, indicating solid municipal valuation. The lot size is typical for the locale.
This property would suit buyers looking for a spacious family home without venturing into new suburbs, and who appreciate an established neighbourhood with homes of varied ages. It’s ideal for someone who values interior square footage over a massive yard and understands that a higher assessment, while potentially meaning slightly higher taxes, often reflects a desirable and competitive position within the market.
Frequently Asked Questions
1. How does the 1960 build date compare to nearby homes?
It is significantly newer than many comparable homes in Mathers, where the average build year for similar properties is 1946-1958. This can be an advantage for systems, layout, and potential renovation needs.
2. The living area is large for the area. Does the lot size feel proportionate?
The lot is average for the neighbourhood (5,534 sqft). The home's above-average size on a standard lot creates an efficient use of space, potentially meaning less yard maintenance but a focus on indoor living.
3. What does an assessed value in the top 10-15% for the area imply?
It generally indicates the city views the property as one of the higher-value homes in Mathers, which can be a positive signal of its standing. Buyers should factor this into potential property tax estimates.
4. The home sold between $350k-$400k in 2020. How useful is that price today?
It provides a historical benchmark, but market conditions have likely shifted since 2020. It's best used as a point of reference alongside more recent sales and current assessments.
5. Where can I see how this property fits into the specific street and block?
For a detailed visual analysis comparing year built, lot size, value, and living area with nearby houses, you can open the dedicated neighbourhood map analysis page for this address.