Property Overview: 845 Lanark Street, Winnipeg
Key Characteristics & Appeal
This home at 845 Lanark Street in the Mathers neighbourhood presents a compelling blend of space, value, and established community. Built in 1958, it offers 1,445 sqft of living area, which is notably above average for both its immediate street and the wider Mathers area. The lot is a generous 5,654 sqft, providing ample outdoor space typical of the area.
The primary appeal lies in its strong value proposition. The home’s assessed value ranks in the top 12-14% when compared to similar properties on its street, in Mathers, and across Winnipeg, indicating a perception of solid worth relative to its peers. This is supported by its sale history, showing a significant increase in value between 2016 and 2020. The data suggests a property that has outpaced average appreciation in its immediate locale.
This home would suit practical buyers looking for a established character home with room to grow or personalize. It’s ideal for someone who values a larger-than-average interior footprint for the area and a substantial yard, without venturing into premium price tiers. It’s a sound choice for buyers prioritizing space and lot size over a newer build, and who appreciate a neighbourhood with mature infrastructure.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,445 sqft, the living area is above average for both Lanark Street and the Mathers neighbourhood, placing it in the top 15-27% of comparable homes locally.
2. What does the assessed value ranking mean?
The home’s assessed value consistently ranks in the top 10-14% against comparison groups. This generally indicates that the city’s assessment views it as more valuable than most similar properties in its immediate and city-wide peer set.
3. The home was built in 1958. Is that a concern?
While not a new build, the year of construction (1958) is actually newer than many homes on Lanark Street and is average for the city. This suggests the home may have updates or a construction era that compares favorably within its established neighbourhood context.
4. What can the past sale prices tell me?
The home sold for an estimated $300k-$350k in 2016 and $500k-$550k in 2020. This indicates strong historical appreciation. For the exact sale prices, you can request them via email from the listing source.
5. Is the lot size typical?
The 5,654 sqft lot is very close to the average for both Lanark Street and Mathers, offering standard outdoor space for the area without being exceptionally large or small.