Property Overview: 526 Centennial Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in the J.B. Mitchell neighbourhood presents a solid, above-average offering for its area. Its key strength lies in its generous proportions relative to nearby homes. With 1,365 sqft of living space and a 5,403 sqft lot, it ranks in the top quarter for size on its street, providing more room than many direct comparables. The home benefits from a renovated basement and a detached garage.
The primary appeal is value within a established community. The assessed value of $490k places it comfortably above average for both the street and the wider neighbourhood, suggesting a perception of quality and desirability. This isn't the newest home on the block (built 1953), but its maintained or improved condition is reflected in its financial standing. It suits buyers looking for a spacious, single-level layout in a mature area, who prioritize interior space and lot size over a recently built property. It’s a practical choice for those who want room to grow or simply enjoy more generous proportions without venturing into premium, top-tier price brackets.
A less obvious perspective is the home’s stability. Its sold price history from 2019, followed by its current strong assessed value, indicates it has held its worth well in a city-wide context. This points to a property in a resilient micro-market within Winnipeg.
Section 2: Frequently Asked Questions
1. How does this home’s size compare practically?
At 1,365 sqft, the living area is notably larger than the average for both Centennial Street (~1,117 sqft) and the J.B. Mitchell neighbourhood (~1,121 sqft). This means more interior room than most similar nearby homes.
2. What does the “above average” assessed value indicate?
An assessed value ($490k) that ranks in the top 12% on its street and top 7% in the neighbourhood typically reflects factors like the renovated basement, lot size, overall condition, and recent market activity for similar homes. It’s a strong indicator of the property’s official valuation relative to its peers.
3. Is the 1953 build year a concern?
The year built is around the average for the area. While it implies potential for older-home maintenance, the above-average assessed value and noted basement renovation suggest updates have been made. The key would be to review the specific condition of major systems.
4. What is the context for the last known sold price?
Public data shows a sale in September 2019 in the $385k-$415k range. The significant increase to the current $490k assessment aligns with broader market trends and likely the noted renovations over the past six years.
5. How useful are the lot size and detached garage?
The lot is over 5,400 sqft, which is larger than many on the street, offering good outdoor space. The detached garage provides classic Winnipeg storage or workshop space, separate from the house.