Property Overview: 908 Centennial Street, Mathers, Winnipeg
Key Characteristics & Appeal
This 1,108 sqft bungalow, built in 1958, presents a compelling mix of space, value, and location within the Mathers neighbourhood. Its primary appeal lies in its generous 5,884 sqft lot, which ranks in the top 8% for size on Centennial Street, offering significant outdoor space and potential for expansion or gardening—a notable advantage in a mature area. The home’s assessed value of $50.20k is consistently above average for its immediate street, neighbourhood, and city-wide, suggesting a strong underlying property value relative to its peers.
While the living area is around the local average, the property’s recent sale history shows a notable appreciation, having sold in the $550k-$600k range in 2024, a significant increase from its $350k-$400k sale in 2023. This home would suit a buyer looking for a solid, value-conscious purchase in a well-established area, particularly one who prioritizes a larger lot over a larger house. It’s ideal for a first-time buyer seeking a footprint to grow into, a downsizer wanting manageable indoor space with generous outdoor room, or an investor attracted by the clear value progression and stable neighbourhood metrics.
Frequently Asked Questions
1. What does the assessed value tell me about the property tax?
The assessed value is used by the city to calculate property taxes. While this home’s assessed value is above average for the area, it’s crucial to request the exact current annual tax amount from the listing agent, as the final tax bill incorporates the municipal mill rate.
2. The lot is large, but are there any restrictions on how I can use it?
With a lot size in the top 8% for the street, you have more flexibility for additions, sheds, or landscaping. However, you should always verify zoning bylaws and any potential restrictive covenants with the city before making plans to ensure your intended use is permitted.
3. The home sold twice recently. Should that be a concern?
The rapid resale and price increase between 2023 and 2024 could indicate recent renovations or a hot market segment. It’s a point for due diligence. Your agent can help investigate the history to understand the reasons behind the quick turnover and ensure the condition aligns with the price.
4. How does the living area compare practically?
At 1,108 sqft, the living space is typical for a bungalow of this era in Mathers. It’s efficient rather than expansive. The appeal here is balanced toward the lot size. Consider if the layout and room sizes meet your daily needs, as the square footage is squarely in the neighbourhood’s average range.
5. Where can I see precise past sale prices?
The advertised sale prices are estimated ranges from public data. To obtain the exact historical sale prices for this property, you must request them directly via the provided email contact on the listing page, as this information is verified and shared manually by the site administrators.