Property Overview: 808 Strathcona Street, Winnipeg
Key Characteristics & Appeal
This home at 808 Strathcona Street in the Minto neighbourhood presents a distinct profile defined by its contrasts. Built in 1910, it is a century-old property that offers more interior space than many of its immediate peers. With 1,226 square feet of living area, it ranks in the top quarter for size both on its street and within the Minto area, providing a comfortable footprint that is above the local norm.
The primary appeal lies in its value proposition. The home's assessed value is notably below average across all comparison levels—street, neighbourhood, and city. This, combined with its last known sale price in the $150k-$200k range (2021), suggests it may be an accessible entry point into the market. The lot, while smaller than many city lots at 2,535 sq ft, is typical for the older, established street.
This property would best suit a pragmatic, value-conscious buyer. It's a potential fit for a first-time homeowner willing to take on a character home, or an investor looking for a rental property in a neighbourhood where the assessed values are consistently below the city average. The buyer should be comfortable with the responsibilities that come with an older home and appreciate the above-average interior space within a modest financial outlay.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is not the same as market value. This assessment reflects the property's value for municipal tax purposes. Its below-average assessment is consistent with others in the Minto area, which generally has lower property valuations than the Winnipeg-wide average.
2. What does the "below average" ranking for Year Built mean?
This statistical ranking indicates the home is older than most. Built in 1910, it is significantly older than the average home on its street (~1932), in Minto (~1933), and across Winnipeg (~1966). This suggests potential for character but also implies that systems, structure, and windows may need updating.
3. Is the smaller lot size a major disadvantage?
It depends on your priorities. The lot is smaller than most in the city, but is closer to the typical size for the Minto area. It means less exterior maintenance but also less private outdoor space. For buyers seeking a low-maintenance yard or who prioritize indoor space, this may be acceptable.
4. The home sold between $150k and $200k in 2021. What is it worth now?
Past sale prices are a historical marker, not a current valuation. Market conditions, interest rates, and any changes to the property since 2021 will determine its current market value. The provided price range is based on public data and the exact price requires a direct inquiry.
5. How meaningful is it that the living area is "above average" for the street?
It's a key practical advantage. In an older neighbourhood where many homes are similarly priced based on location and lot, having over 200 more square feet of living space than the street average provides more functional room, which can be a significant differentiator for daily living.