Property Overview
This home at 1031 Strathcona Street in Winnipeg's Minto neighbourhood presents a compelling mix of established character and relative value. Built in 1944, the 1,064 sqft house sits on a notably generous 4,063 sqft lot for the area. Its appeal lies in its strong positioning within its immediate context: while its living space is typical for Strathcona Street, its assessed value ranks in the top 12-14% locally, suggesting it may be a well-maintained or updated property among its peers. The sizable lot offers above-average outdoor space for the street and neighbourhood, a valuable asset for gardening, expansion, or simply more privacy.
This property would suit a practical first-time homebuyer or an investor looking for a character home in a mature neighbourhood without the premium of a newer build. It’s also a sensible fit for someone who values a larger yard over a larger house. The data indicates you are buying a home that stands out positively on its own street, even if it appears more modest in broader city-wide comparisons.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring averages?
The home’s assessed value ranks significantly above the street and neighbourhood averages. This often reflects updates, additions, or superior condition that municipal assessment recognizes, but it’s wise to verify any major improvements with a thorough inspection.
2. What does the sold price history tell us?
The home sold between $250k-$300k in 2020. This range places it in the top third of sales for both the street and the Minto area at that time, consistent with its above-average assessed value ranking.
3. Is the lot size a major advantage?
Yes. At over 4,000 sqft, the lot is larger than about 72% of properties on Strathcona Street. This provides more flexibility than is typical for the area, whether for outdoor living, parking, or future projects.
4. How does the age of the home factor in?
Built in 1944, the home is newer than many on its street but is still over 80 years old. Buyers should budget for the maintenance and potential system updates expected with a home of this era, while also appreciating the character and established neighbourhood feel it provides.
5. Where can I see more detailed comparisons?
A neighbourhood analysis map is available for this property, allowing you to visually compare its year built, living area, assessed value, and lot size directly with nearby houses.