Property Overview: 995 Strathcona Street, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on space and location. Built in 1912, it offers 1,413 sqft of living area, which is notably above average for both its immediate street and the broader Minto neighbourhood. This makes it a standout for buyers seeking more interior room in these areas without a premium price tag. The assessed value is modest compared to the city-wide average, suggesting a potentially accessible entry point into the market.
The appeal lies in this balance of generous interior space on a manageable, smaller lot. It suits practical buyers who prioritize living area over extensive outdoor maintenance. It’s particularly well-matched for first-time homeowners or investors looking in the Minto area who want a character home with more room than typical offerings, and who are comfortable with the upkeep considerations of a century-old property. A thoughtful perspective is that its smaller land area and lower assessment, while below city averages, contribute to relatively lower property taxes—a practical, ongoing financial benefit.
Frequently Asked Questions
1. How does the home’s age affect its value and condition?
Built in 1912, the home is older than most in Winnipeg. This can mean character and established neighbourhood roots, but it also necessitates a thorough inspection for foundational integrity, plumbing, electrical systems, and insulation to understand any needed updates or investments.
2. The assessed value seems low. What does this mean for the selling price?
The assessed value for taxation purposes ($23,100) is significantly below the city-wide average and the home's last sold price range (2021: $200k-$250k). The selling price is determined by the current market, not the assessment. The low assessment, however, typically results in lower annual property taxes.
3. The lot size is noted as below average. How will this impact me?
The land area is 2,543 sqft, which is compact, especially compared to lots in newer suburbs. This means less yard maintenance and lower landscaping costs, but also limited space for additions, large decks, or extensive gardening. It emphasizes the property’s focus on interior living space.
4. Is the living area truly a standout feature?
Yes. The data shows the living area ranks in the top 9% on its street and top 13% in the Minto area. For these specific locations, you are getting significantly more interior space than most comparable homes, which is a key advantage of this property.
5. Where can I see more context about the neighbourhood?
You can open the dedicated neighbourhood analysis page for a map view to compare this property with nearby homes on metrics like year built, living area, and lot size. This provides a clearer visual context for how it fits into the immediate area.