Property Overview
This home at 650 Strathcona Street in Winnipeg's Minto neighbourhood presents a distinct profile defined by its spacious interior and historical roots. Built in 1913, its key appeal lies in offering significantly above-average living space (1,478 sq ft) for its immediate area, ranking in the top 7-10% locally. This makes it a notably larger home compared to most neighbours. The lot size (2,571 sq ft) is more typical for the street. Its assessed value is modest and above average for Minto, but well below the Winnipeg city average, suggesting a potentially accessible entry point for the amount of interior space offered.
The property would suit a practical buyer who values character and interior room over a large yard or a modern build. It’s ideal for someone looking for a established home in a central neighbourhood without a premium price tag, and who is prepared for the realities and maintenance of a 113-year-old structure. A less obvious perspective is that its high local ranking for size but average-to-below rankings for age and lot size indicates a home that prioritizes indoor living space—a trade-off that will resonate with specific buyers.
Frequently Asked Questions
1. What does the sold price history indicate?
The home sold between $350,000 and $400,000 in 2021. This range placed it in the top 5% of sales on its street at that time, suggesting it commanded a premium, likely due to its larger-than-average living area.
2. How does its assessed value compare to the sale price?
The current assessed value is $28,600. This is a municipal assessment for tax purposes and is typically much lower than market value, as evidenced by the 2021 sale price. It indicates property taxes are based on a relatively low valuation.
3. What are the implications of the home’s age (1913)?
At 113 years old, this is a heritage-era home. Buyers should budget for potential updates to major systems like plumbing, electrical, and insulation. Its age ranks below average city-wide, meaning it is older than most homes in Winnipeg.
4. Is the lot size a drawback?
The land area is smaller than the average Winnipeg lot, ranking in the bottom third city-wide. However, it is fairly typical for the Minto neighbourhood. This points to a property focused more on the home itself than on extensive outdoor space.
5. What does the "top percentage" ranking really mean for living area?
Ranking in the top 7% on its street and top 10% in Minto for living area means this home is genuinely larger than most in the direct vicinity. This is its standout feature, offering more interior room than over 90% of comparable local homes.