Property Overview: 286 Powers Street, Winnipeg
Key Characteristics & Appeal
This home at 286 Powers Street in the William Whyte neighborhood is a practical, early 20th-century property that represents a straightforward entry point into the Winnipeg market. Its key characteristic is its balance: with 1,120 sqft of living space and an assessed value of $173k, it sits comfortably around the average for both its immediate street and neighborhood. This suggests a property that is neither an outlier nor a fixer-upper in its local context.
The appeal lies in its value positioning. While its lot size is notably smaller than most in the city, its assessed value is significantly below the Winnipeg average, offering a lower entry price. The home last sold in 2016, indicating a period of stability. It would suit first-time buyers or investors seeking an affordable, average-sized home in a central neighborhood without the premium of a larger lot. A thoughtful perspective is that its smaller, more manageable lot could mean lower maintenance costs and time, which appeals to those prioritizing simplicity over expansive outdoor space.
Frequently Asked Questions
1. How does the assessed value compare to likely market price?
The assessed value of $173k is for municipal tax purposes and is typically below market value. It serves as a useful benchmark, showing the home is valued above the neighborhood average but well below the city average, indicating its relative affordability within Winnipeg.
2. Is the smaller lot size a major concern?
At 2,177 sqft, the lot is smaller than most in the area and city. This limits expansive landscaping or large additions but can mean less yard work and lower property tax implications, which some buyers may prefer.
3. What does the 1912 build date mean for maintenance?
Built in 1912, the home is older than the city average. Buyers should budget for potential updates to older mechanical systems, windows, or insulation, common for homes of this era, while also appreciating the character and construction quality of the period.
4. How stable is the value in this area?
The home’s assessed value ranks in the top 29% for the William Whyte neighborhood, suggesting it is considered a solid property within that market. Its last sale was nearly a decade ago, which can indicate a stable ownership history.
5. Where can I get verified sale history for this property?
The provided sold price data is from public sources, not the MLS. For exact, verified transaction figures, you must request a manual lookup from the site, which they provide via email without using your contact information for marketing.