Property Overview: 831 Centennial Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Centennial Street in the Mathers neighborhood presents a solid, value-oriented opportunity. Built in 1957, its 1,005 sqft living space is modest but competitively sized for the immediate street, placing it comfortably above the median for assessed value in the area. This suggests the property is viewed favorably relative to its neighbors, potentially due to updates, condition, or lot desirability. The lot itself is a notable feature at just over 5,000 sqft, providing generous outdoor space for the neighborhood.
The primary appeal lies in its established location and clear value proposition. The sale history shows significant appreciation between 2019 and 2022, indicating a strong market trajectory. It suits practical buyers looking for a foothold in a mature neighborhood—first-time homeowners, small families, or value-focused investors. The data suggests you’re buying a property that already outperforms many peers on key financial metrics, which can be reassuring. A less obvious perspective is that its "above average" assessment on the street might translate to slightly higher property taxes, but this is often a trade-off for a well-regarded asset in its micro-market.
Section 2: Frequently Asked Questions
1. What does it mean that the assessed value is "above average" for the street?
This indicates the municipal property assessment is higher than most comparable homes on Centennial Street. It can reflect factors like better condition, improvements, or lot appeal, but it also directly influences your property tax calculation.
2. How stable has the property's value been?
Public sale price data shows a considerable increase from the $300k-$350k range in 2019 to $500k-$550k in 2022. This points to strong past appreciation, though future market conditions will always apply.
3. Is the living space smaller than typical Winnipeg homes?
Yes. At 1,005 sqft, it's below the city-wide average. However, it is much more competitive within the Mathers neighborhood and on its own street, where many homes are of a similar, efficient scale.
4. How can I find out the exact historical sold prices?
The exact sold prices are not published in the public record here. You can request them directly via the provided email service, which manually retrieves and shares that specific data.
5. What are the implications of the 1957 build year?
A home of this age is typical for the area. It means you should expect character and mature landscaping, but also prioritize a thorough inspection for aging components like plumbing, electrical, and the roof, which may be due for updates or replacement.