Property Overview: 860 Strathcona Street, Winnipeg
Key Characteristics & Appeal
This home at 860 Strathcona Street in the Minto neighbourhood presents a specific and compelling value proposition. Built in 1916, it is a historic property with a notably compact footprint of 730 square feet of living space on a 2,556 sqft lot. Its primary appeal lies in its financial accessibility, underscored by a very low assessed value of $26,500. This assessment is actually above average for Strathcona Street itself, suggesting it is a well-regarded property within its immediate, established context.
The home is best suited for a specific type of buyer: those seeking absolute minimal property tax liability, investors looking for a straightforward rental asset, or hands-on individuals wanting an affordable entry into homeownership with the intention of gradual renovation. Its smaller scale makes it manageable, while its age offers classic charm alongside the responsibility of maintaining an older structure. A thoughtful perspective is that this property represents urban density in practice—it’s a modest, efficient use of land in a central location, contrasting with larger modern lots.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific characteristics—its smaller size, age, and location—compared to similar homes. It reflects the home's market value for property tax purposes, which is proportionate to its scale and the local area, not directly comparable to newer or larger homes across all of Winnipeg.
2. What does the "Top 30%" ranking for assessed value on its street mean?
This means the property’s assessed value is higher than approximately 70% of the 361 comparable homes on Strathcona Street. In simple terms, on its own block, it is considered a higher-value property within its peer group.
3. Are there any known sold prices for this specific address?
According to the available data, no sales history is currently displayed for this listing. You can request the exact sold price history by email, which the provider will manually research and send.
4. What should I consider due to the home's age (110 years)?
While offering character, a home from 1916 will likely require careful attention to foundational elements, plumbing, electrical systems (which may need updating), and insulation. A thorough inspection is essential to understand the condition and any needed repairs or modernizations.
5. How can I see this property in context with its neighbours?
You can open the dedicated neighbourhood analysis page to view an interactive map. This tool allows you to compare this home with nearby properties based on year built, living area, assessed value, and lot size.