Property Summary: 695 Strathcona Street, Winnipeg
Key Characteristics & Appeal
This home, built in 1911, presents a classic character property with a practical layout. Its primary appeal lies in offering above-average living space (1,232 sq ft) for its immediate neighbourhood and the broader Minto area, providing more room than many comparable local homes. The lot size (3,180 sq ft) is typical for the street, allowing for decent outdoor space.
A key, less obvious perspective is its financial positioning. The assessed value is notably below average for the city, which can signal different things. For a buyer, it may represent an entry point into the market or a property with renovation potential. However, it also suggests the home may require updates or that its value hasn't appreciated at the city-wide rate. This creates a distinct profile: a home that feels spacious for its locale but is priced conservatively in the broader market.
This property would suit a practical buyer who values interior space over a modern build date. It’s a match for someone comfortable with the upkeep of a century-old home, possibly a first-time buyer or an investor looking at the Minto area. The appeal is for those who see potential in the numbers—getting more square footage for the dollar in the neighbourhood—and are less concerned with having a newer construction.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is influenced by many factors, including the home's age, condition, and recent sales in the area. A value significantly below the city average is common for older homes in neighbourhoods where overall property values are more moderate.
2. What does the "Top 22%" ranking for living area mean?
It means this home's interior square footage is larger than 78% of comparable homes on Strathcona Street. Simply put, it offers more living space than most other homes on its own block.
3. As a 115-year-old home, what should I be prepared for?
While offering classic charm, prospective buyers should budget for potential updates to major aging components like the roof, plumbing, electrical, and insulation. A thorough pre-purchase inspection is essential.
4. How can I find out the exact price it last sold for?
The listing service provides an estimated sold price range from public data. You can request the exact historical sold price by emailing them directly via the button on the listing page.
5. How does the lot size compare?
The lot is fairly standard for Strathcona Street and the Minto area, but is below average for the entire city. This is typical for older, established neighbourhoods where lots are often smaller than in newer suburban developments.