Property Overview: 126 Donan Street, Winnipeg
Key Characteristics & Appeal
This 850 sqft home, built in 1987, presents a compact and efficient living space in Winnipeg’s Riverbend neighborhood. Its key appeal lies in being a more accessible entry point into a well-established area. While its living space and lot size (3,999 sqft) are notably below the averages for both the street and the neighborhood, this is reflected in its assessed value of $312k, which sits below local averages but closer to the city-wide norm. This creates a value proposition: you’re purchasing location and a newer-than-average home (for Winnipeg) at a lower price per square foot than many surrounding properties.
The home would suit first-time buyers or downsizers seeking a manageable property without extensive upkeep. It also appeals to the value-conscious buyer who prioritizes a stable neighborhood over sheer square footage, understanding that a smaller footprint can mean lower utility costs and property taxes. A less obvious perspective is that a home ranking below area averages for size and value can offer a cushion against market dips and may present a clearer path to adding value through strategic updates.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $312k is for municipal tax purposes. Recent sales data shows a home on this street sold for between $350k-$400k in mid-2022, suggesting market value may differ. For precise, verified historical sale prices, a manual lookup is required.
2. How does the smaller living area impact daily living?
At 850 sqft, the home is significantly cozier than the neighborhood average (~1,288 sqft). This necessitates efficient use of space and may not suit those needing multiple dedicated rooms or extensive storage. However, it promotes a simpler, low-maintenance lifestyle.
3. The home is newer than most on its street, but older than the neighborhood average. What does this mean?
Built in 1987, it’s newer than most comparable homes in Winnipeg overall and on Donan Street. In the broader Riverbend area, however, many homes are newer (average year built 1993). This suggests the immediate block is more established, while the wider neighborhood has seen development into the 2000s.
4. What are the implications of the smaller lot size?
The 3,999 sqft lot is smaller than most nearby. This means less exterior maintenance and yard work, but also limits potential for expansions like large additions or pools. It’s a trade-off that favors simplicity over expansive outdoor space.
5. How can I get accurate, verified sale price history for this property?
The provided sale price ranges are based on public data. Due to industry rules, exact MLS sale records are not displayed on the site. You can request the full transaction history and exact figures via email, which will be provided manually.