Property Overview: 850 Strathcona Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling blend of established neighbourhood character and tangible value. Built in 1946, it offers 1,122 sqft of living space on a notably generous 5,113 sqft lot in the Minto area. The data reveals its primary strengths lie in its land size and assessed value relative to its immediate surroundings. The lot is exceptionally large for the Minto neighbourhood, ranking in the top 5%, which offers significant outdoor space and potential. Similarly, its assessed value ranks well above average for both the street and the area, suggesting a solid valuation foundation.
The appeal here is for the practical buyer who sees value in fundamentals. It suits someone looking for a character home with room to breathe, garden, or expand, without venturing into newer, more expensive suburbs. It’s a property that outperforms its local peers in key metrics like lot size, rather than competing with city-wide averages. This makes it ideal for a first-time buyer seeking a foothold in an established community, or an investor attracted by the underlying land value and the recent sale history in the $300k-$350k range.
A less obvious perspective is that a home from 1946, while requiring due diligence for updates, often comes with a level of construction quality and mature landscaping that newer builds may lack. Its "above average" ranking for year built on its street indicates it is actually one of the newer homes in that specific context, which can be an advantage.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical properties?
The land area of 5,113 sqft is a standout feature. It ranks in the elite top 5% within the Minto neighbourhood, meaning it offers significantly more outdoor space than most comparable local properties.
2. Is the assessed value high or low for the area?
The assessed value of $29,200k ranks above average for both Strathcona Street and the wider Minto area (top 15% and 17%, respectively). This indicates the property is assessed more highly than most of its direct peers, which can reflect its larger lot and recent sale activity.
3. What does the sold price history indicate?
Records show it sold between $300,000 and $350,000 in 2024. This price ranked in the top 10-13% for the Minto area at the time, reinforcing that it commands a premium relative to many area homes.
4. How old is the home, and what should I consider?
The home was built in 1946. While it ranks as a relatively newer build on its street, a home of this age warrants a thorough inspection to understand the condition of major systems like plumbing, electrical, and the roof, and to plan for any modernizations.
5. How can I get the exact historical sold price?
The exact sale price is not publicly listed. You can request it directly via the provided email form on the listing page. The service commits to providing the accurate figure manually, typically by the end of the same day, without using your email for marketing spam.