Property Overview: 708 Strathcona Street, Winnipeg
Key Characteristics & Appeal
This home, built in 1914, is a well-established property in the Minto neighbourhood. Its primary appeal lies in offering above-average space and value within its immediate local context. With 1,224 sqft of living area, it provides more interior space than most comparable homes on its street and in the Minto area. This is complemented by a modest, manageable lot of 2,563 sqft.
The data reveals a compelling perspective: this property stands out locally but presents a different value profile citywide. Its assessed value ranks highly within Minto and on Strathcona Street, suggesting it is considered a solid asset in its direct market. However, its age and lot size are more common when compared to the entire city, indicating it is a classic example of inner-city character rather than a suburban-style property.
This home would suit a practical buyer looking for character and space in a mature neighbourhood without the upkeep of a large yard. It’s ideal for someone who values being above average for the area in terms of interior space and assessed value, and who appreciates the established feel of a century-old home. It may also appeal to value-conscious investors or homeowners focused on the specific dynamics of the local Minto market rather than city-wide averages.
Frequently Asked Questions
1. How does the home’s age affect it?
Built in 1914, the home is older than the city average. This typically means potential for classic architectural character but also underscores the importance of a thorough inspection to understand the condition of major systems like plumbing, electrical, and the foundation, which may have been updated over time.
2. The assessed value seems low compared to the city average. Why?
The city-wide average assessed value is skewed higher by newer, larger homes in suburban areas. This home’s assessment is actually in the top 17% for the Minto area, indicating it is valued favorably within its own, more relevant, market context.
3. Is the lot size a limitation?
At 2,563 sqft, the lot is smaller than the city average but fairly typical for the street and area. This is a trade-off: it means less outdoor maintenance but also limited space for expansions, large gardens, or additions. It suits those preferring a low-maintenance yard.
4. What does the sold price history indicate?
The home sold between $250k-$300k in 2022. This range placed it in the top 22% of sales for both the street and the Minto area at that time, confirming its strong standing in the local market.
5. How accurate is the "above average" living area claim?
The claim is based on specific local comparisons. With 1,224 sqft, it genuinely offers more living space than approximately 75% of similar homes on its street and 74% in the Minto area, making it a relatively spacious option in its immediate locale.