Property Overview
This home at 872 Strathcona Street in Winnipeg's Minto neighbourhood presents a compelling mix of space, value, and location. Built in 1951, it offers 1,215 sqft of living area on a generous 4,905 sqft lot. The data reveals its standout characteristic: an assessed value of $32,400k, which places it in the elite top 5% on its own street and the top 8% within the Minto area, suggesting it is a high-value property within its immediate community. While its size is comfortably above average for the local area, it sits around the city-wide median, indicating it offers ample room without being oversized.
The appeal here is nuanced. It’s a property that outperforms its direct neighbours in key metrics, particularly value and lot size, offering a sense of relative premium in the locale. It would suit a practical buyer looking for a well-established home with a larger-than-average yard in a mature neighbourhood. It’s also ideal for someone who values a strong assessed value proposition, potentially indicating good upkeep or desirable features not captured in basic stats. The buyer should be comfortable with a home of vintage and may see potential in the generous land area.
Frequently Asked Questions
1. What does the "Elite" assessed value ranking mean?
It means this home’s assessed value is in the top 5% of all similar homes on Strathcona Street and the top 8% in the broader Minto area. This suggests the property is considered significantly more valuable than most in its immediate vicinity, which could be due to its condition, improvements, or lot characteristics.
2. Is the living space sufficient for a family?
At 1,215 sqft, the living area is above the average for both the street and the Minto neighbourhood. It provides a comfortable amount of space that has historically suited families in the area, though it is slightly below the city-wide average.
3. How does the lot size compare?
The lot is a key feature at 4,905 sqft. It’s substantially larger than the average lot on Strathcona Street (3,550 sqft) and in Minto (3,267 sqft), offering significant outdoor space for gardens, play, or expansion relative to nearby properties.
4. The home was built in 1951. What should I consider?
A home of this age will likely have undergone updates. While the data shows it is newer than many on its street, prospective buyers should prioritize a thorough inspection to understand the condition of major systems like plumbing, electrical, and the foundation, which are typical focal points for homes of this era.
5. Why is the city-wide assessed value average so much higher?
The city-wide average assessed value shown ($390k) includes all property types across Winnipeg, from newer suburban homes to luxury properties. This home’s assessment is contextually high for its specific, established neighbourhood, which generally has lower values than the city's overall average.