Property Overview & Appeal
This home at 901 Strathcona Street in Winnipeg's Minto neighbourhood presents a compelling mix of established character and tangible value. Its key appeal lies in its strong positioning within its immediate area. While the 1,042 sqft living space is fairly typical, the property stands out for its generous 4,592 sqft lot—significantly larger than most in Minto—offering valuable outdoor space and potential. Built in 1945, it is a newer home compared to many on its street, which may suggest updates or a different construction era. The assessed value is notably above average for the local area, indicating official recognition of its relative worth.
This property would suit a practical buyer looking for a home in a mature neighbourhood who values land size over a large interior footprint. It’s ideal for someone who appreciates having room for a garden, storage, or future expansion. The data suggests it’s a solid, above-average property within its specific community rather than a city-wide standout, making it a smart choice for buyers focused on intrinsic value and neighbourhood fit.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring area averages?
The assessed value is in the top 10% for both Strathcona Street and the broader Minto area. This is likely due to a combination of its larger lot size, the year built, and the home's specific condition or improvements as evaluated by the assessor.
2. How does the recent sale price compare to the assessment?
The home sold for an estimated $300k–$350k in 2022. The current assessed value is $31,200. It is crucial to understand that in Manitoba, property assessments are not market valuations; they are used for calculating municipal taxes and are typically a fraction of a home's market price.
3. Is the lot size a major advantage?
Yes. The lot is in the top 9% for size in Minto, providing substantially more yard space than the area average. This is a key differentiator for privacy, outdoor activities, or future projects like a garage or addition.
4. What does the "year built" ranking mean for a 1945 home?
While an 81-year-old home will require attention to aging components, it ranks in the top 25% locally because many homes in Minto and on Strathcona Street are even older, with area averages from the early 1930s. This relative newness could mean updated systems or a more modern layout compared to immediate peers.
5. How can I find out the exact historical sale price?
The provided sale price is a public data range. The listing service offers to provide the exact sale price upon request via email, which they handle manually without using the contact for unsolicited marketing.