Property Overview: 1011 Strathcona Street, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and strong value fundamentals. Built in 2020, it is a notably new construction for its Minto neighbourhood and Strathcona Street, ranking in the top 1% for its year built in both contexts. This translates to move-in readiness, modern building standards, and minimal immediate maintenance concerns.
The 1,365 sqft living space is efficiently designed, offering above-average roominess for its immediate area. The standout feature is its assessed value of $39,300, which places it in the elite top 2% on its street and top 1% in the Minto area. This suggests the property carries a significantly lower tax burden than most comparable homes nearby, a substantial and ongoing financial advantage.
The appeal lies in this balance: a modern, low-maintenance home with an efficient layout and a highly favourable property tax assessment. The trade-off is a smaller land area (2,542 sqft), which is below average for the street and city. This makes it ideal for buyers who prioritize a newer interior and financial efficiency over a large yard. It would suit first-time homeowners seeking a modern property without a hefty tax bill, downsizers looking for a manageable and cost-effective home, or investors attracted by the new-build amenities and strong value metrics for the area.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Property assessments are not direct market valuations but are used for calculating taxes. This home's assessment is very low compared to its recent build year and area, which is a significant financial benefit. It indicates its property taxes will be substantially lower than those of many older, smaller homes in Winnipeg.
2. What does the "Sold 2021 CA$350k–400k" price range mean?
This is an estimated sale price range from previous public data. To obtain the exact historical sale price, you must request it via the provided email service, as the precise figure is not publicly disclosed online.
3. Is the smaller lot size a major drawback?
It depends on your lifestyle. The lot is below average for the street and city, meaning less outdoor private space. This is a common trade-off for newer infill homes. It's a benefit for those who want less yard maintenance but a limitation for those wanting extensive gardening, play space, or privacy.
4. How can a 2020 home be in an area where average homes were built in the 1930s?
This indicates the home is likely a newer infill construction, replacing an older property. This is increasingly common in established neighbourhoods and offers modern amenities within a mature community.
5. What is the "neighbourhood analysis page" mentioned?
This is a tool that places this property on a map alongside nearby houses, allowing you to visually compare key metrics like year built, living area, and lot size. It provides context about how this home fits into the immediate streetscape.