851 Centennial Street

Property Overview: 851 Centennial Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home on Centennial Street in the Mathers neighborhood stands out primarily for its generous living space. At over 2,000 square feet, it ranks within the top 1% of homes on its street and top 4% in Mathers for size, offering significantly more room than area averages. Built in 1957, it is a classic, well-established property on a standard-sized lot. Its appeal lies in this combination of abundant interior space within a mature, settled community. The sold price history indicates strong and steady market appreciation.

This property would best suit buyers who prioritize spacious interiors over a massive yard, such as growing families, those who work from home and need dedicated rooms, or anyone looking for a home where the square footage offers clear value compared to newer builds. It’s also a compelling option for value-conscious buyers seeking a home that has already demonstrated solid capital growth in a prime city location.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to its recent sale price?
The home sold in 2024 for between $650,000 and $700,000, which placed it in the top 1-4% of sale prices for the area at that time. Its current assessed value for taxation purposes is significantly lower, at $52,700, which is a common discrepancy and not an indicator of market value.

2. Is the lot size a disadvantage?
While the lot is slightly below the average size for the Mathers neighborhood, it is very close to the street average. This suggests the property is typical for Centennial Street and reflects a trade-off: you gain a much larger-than-average house on a standard lot, which is a desirable configuration for many.

3. What does the "top percentile" ranking mean for future value?
Ranking in the top 1% for living area on its street is a strong, enduring asset. While cosmetic trends change, physical space is a permanent feature that typically underpins long-term value, especially in established neighborhoods where large additions are less common.

4. Are homes from 1957 likely to need major updates?
A home of this age will likely have had several systems updated over time. The year-built ranking is "around average," meaning it is typical for the area. A key consideration is not just the age, but the quality and modernity of updates to the roof, wiring, plumbing, and windows.

5. How can I find out the exact past sale prices?
The provider offers a manual service to share the exact historical sold prices. You can submit your email request directly on the property page for a prompt, human response, with an assurance that your contact information will not be used for marketing spam.