Property Overview: 276 Strood Avenue, Winnipeg
Key Characteristics & Appeal
This 1961-built home in River East presents a compelling case based on its standout lot size and overall market positioning. With 1,201 sqft of living space and an assessed value of $389k, the house itself is consistently "around average" when compared to similar homes on its street, in the neighborhood, and across Winnipeg. This suggests a property that is comfortably in line with local norms for size and official valuation.
The defining and exceptional feature is the land. At 16,494 sqft, the lot size is ranked in the top 2-3% across all comparison levels—street, neighborhood, and city. This "elite" ranking indicates a rare amount of private outdoor space for the area, offering significant potential for gardening, recreation, expansion, or simply enjoying a generous yard.
Its appeal lies in this unique combination: a solid, average-sized home on a far-above-average parcel of land. It suits buyers who prioritize outdoor space and future potential over a move-in-ready modern footprint. It would be ideal for those with renovation or expansion plans, families seeking room for children and pets to play, or savvy investors who recognize the inherent value in a large lot within a mature neighborhood. The 2016 sale price (in the $300k-$350k range) provides a useful benchmark for market movement over the past decade.
Frequently Asked Questions
1. Is the house outdated given its 1961 build year?
While newer than most on its specific street, it is older than the average home in the broader River East neighborhood. Buyers should anticipate the potential for updates common to homes of this era, balanced by the possibility of well-maintained original character.
2. What makes the lot size so significant?
The lot is nearly double the street average and over 2.5 times the citywide average for comparable homes. This isn't just a slightly bigger yard; it represents a substantial and uncommon amount of land for this property type in Winnipeg.
3. How does the assessed value compare to likely market value?
The assessed value ($389k) is very close to the citywide average for comparable homes ($390.1k), suggesting it's a fair bureaucratic valuation. Market value is determined by current buyer demand, but this indicates the home is not an outlier in the city's estimation.
4. The living area is average. Can the home be expanded?
The exceptional lot size provides a clear and rare opportunity for a potential addition, sunroom, or garage that would be difficult on a standard-sized lot, subject to local zoning and permit regulations.
5. Where can I get exact historical sale prices?
The website provides sold price ranges for context. Due to industry rules, exact MLS sale figures are not published here. You can request the full, verified transaction history directly via email through the provided link on the property page.