Property Overview: 996 Strathcona Street, Winnipeg
Key Characteristics & Appeal
This home at 996 Strathcona Street in the Minto neighbourhood is defined by its contrasts. Built in 1944, it sits on a notably generous lot of 3,815 sqft, which is larger than most in both the immediate area and across Minto. This presents a key opportunity: the land itself is a significant asset, offering space for gardening, expansion, or outdoor living that is uncommon for the locale.
The living space, at 752 sqft, is compact and below average for the city, suggesting a cozy, efficient layout typical of its era. This is balanced by its assessed value, which is above average for both Strathcona Street and the wider Minto area, indicating the property is viewed favorably within its more immediate market context.
Its core appeal lies in this combination of a substantial, well-positioned lot with a modest, manageable home. It suits a practical buyer—perhaps a first-time homeowner, downsizer, or investor—who values land potential over square footage. It’s for someone who sees the value in a established neighbourhood and is comfortable with a smaller interior footprint, possibly viewing the home as a solid foundation for future renovation or valuing the lower maintenance and utility costs that come with a smaller space.
Frequently Asked Questions
1. Why is the assessed value above average for the street but below average for the city?
This is common and reflects different market tiers. The assessment is strong compared to similar homes on Strathcona Street and in Minto, but Winnipeg-wide averages are pulled much higher by newer, larger homes in suburban areas. It confirms the property holds solid value in its specific, established neighbourhood.
2. What does the sold price range from 2021 tell me?
The previous sale in the CA$300k–350k range provides a recent market benchmark. Comparing this to the current assessed value can help gauge market trends and the municipality’s valuation perspective, but a current appraisal or comparative market analysis is needed for today’s value.
3. Is the smaller living area a concern?
It depends on your needs. The below-average square footage means efficient use of space is essential. It may not suit a growing family but could be ideal for minimalists or those seeking affordability and lower heating costs. The generous lot size offers a compensatory advantage for outdoor space.
4. How significant is the larger lot size?
Very. A lot size that ranks "above average" for the Minto area is a standout feature. It provides more privacy, room for additions like a garage or deck, and simply more outdoor room than most neighbouring properties, which can be a key driver for both livability and future value.
5. Where can I see more context about this specific location?
The neighbourhood analysis page provides a map view to compare this property directly with nearby homes on metrics like year built, lot size, and assessed value. This helps you understand exactly how it fits into the immediate streetscape beyond the broader statistics.