Property Overview: 581 Strathcona Street, Winnipeg
Key Characteristics & Appeal
This home on Strathcona Street in the Minto neighbourhood presents a compelling mix of space, value, and location. Its primary appeal lies in its generous proportions, both in the 1,352 sqft living area and the substantial 5,149 sqft lot. The data shows the property stands out locally: its lot size ranks in the top 3% for both the street and the broader Minto area, offering significant outdoor potential. Similarly, its assessed value is in the elite top 3% for its immediate vicinity, suggesting it is a substantial property within its local market context.
Built in 1923, it is a character home typical of its era. While its size is above average for the area, its city-wide rankings for living area and assessed value are around the median, indicating it offers more space and value relative to its immediate neighbours than it might in a wider Winnipeg comparison. This creates an interesting dynamic: it's a larger, high-value property on its block, which could appeal to those seeking a established neighbourhood feel with room to grow. The last known sale was between $350k-$400k in 2017.
This property would suit a buyer looking for a home with character and ample yard space in a mature neighbourhood. It’s ideal for someone who values a strong footprint and potential over a newer build, and who understands the maintenance considerations of a century-old home. It may also attract value-conscious buyers seeking a property that is a standout on its street without the premium of a newer suburban lot size.
Frequently Asked Questions
1. What does the "Elite" ranking for Assessed Value mean in this context?
It means that compared to other homes directly on Strathcona Street and in the Minto area, this property's assessed value is in the highest 3%. This typically indicates it is considered a more substantial or valuable property within its immediate local market, not necessarily city-wide.
2. If the lot is so large locally, why is it only average city-wide?
Lot sizes in newer suburban developments are often larger. This lot is exceptionally large for its mature, inner-city neighbourhood, but is around the median when compared to all lots across Winnipeg, which include vast newer subdivisions.
3. What are the implications of buying a 100+-year-old home?
A home built in 1923 will have character but likely requires diligent maintenance. Prospective buyers should budget for potential updates to systems like wiring, plumbing, and insulation, and ensure a thorough inspection is completed to understand the home's condition.
4. How can the assessed value be so high locally but the last sale price seem moderate?
The assessed value is for taxation purposes and reflects the municipality's valuation of the property relative to others. The sale price is market-driven. The data suggests the property is a high-value asset in its neighbourhood, but its actual selling price will depend on current market conditions, the home's interior condition, and buyer demand.
5. Why is only a price range given for the 2017 sale, and how do I get the exact price?
Exact sale prices in Manitoba are not publicly posted online. The range is estimated from public data. You can request the precise historical sale price by emailing the listing service, as they have access to the official records and provide this detail manually.