Property Summary: 697 Strathcona Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its strong position within its immediate neighborhood of Minto. Built in 1911, it is a character property with a living area of 1,217 sqft, which is notably above average for both Strathcona Street and the wider Minto area. The lot size of 3,384 sqft is consistent with local norms. Its assessed value is firmly in the middle range for the street and neighborhood, suggesting it is priced in line with local expectations rather than the higher city-wide averages.
The primary appeal lies in its relative spaciousness and established location. It offers more interior space than many comparable homes nearby, which is a significant advantage for the area. The property suits practical buyers looking for a character home in a mature neighborhood without a premium price tag. It would particularly fit someone who values space and location over a newer build, and who is prepared for the maintenance that comes with a 115-year-old home. A less obvious perspective is that its "below average" city-wide metrics on value and lot size actually highlight its affordability and represent a more accessible entry point into the Winnipeg market compared to newer suburban developments.
Section 2: Frequently Asked Questions
1. How does the age of the home (1911) affect its value and appeal?
While its age places it well below the city-wide average for year built, this is typical for the established Minto neighborhood. It indicates a character home that may have unique architectural details, but buyers should budget for potential updates and be diligent with inspections for older mechanical systems.
2. Is the living space truly larger than nearby homes?
Yes. The data shows the home's living area ranks in the top 25% on its street and top 27% in the Minto area, meaning it offers more interior space than most direct comparables.
3. Why is the assessed value so much lower than the city-wide average?
The city-wide average assessed value is skewed higher by newer, larger homes in different areas. This property's assessment is aligned with the norms of its specific, older neighborhood, reflecting its local market context rather than a city-wide one.
4. What can the past sale price range tell me?
The home sold for an estimated $250k-$300k in 2016. This provides a historical benchmark, but current market conditions, any improvements made since then, and the precise sold price (available upon request) are necessary for a proper current evaluation.
5. How does the lot size compare?
At 3,384 sqft, the lot is very close to the average for both the street and the Minto area. It provides a standard urban yard for the neighborhood but is smaller than the typical lot found in newer city subdivisions.