Property Overview: 584 Lanark Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the J.B. Mitchell neighbourhood offers a practical, grounded opportunity. Built in 1958, it stands out as a relatively newer build for the area, which may suggest fewer concerns with aging infrastructure compared to many neighbouring homes. With 1,106 sqft of living space and a renovated basement, it provides functional space for daily life. The lot is a standard city size, offering manageable outdoor space without excessive upkeep.
The primary appeal lies in its solid positioning within the market metrics. It consistently ranks as "around average" to "above average" for key factors like living area, assessed value, and land size within its immediate locale. This suggests a property that aligns well with neighbourhood norms, offering stability rather than extremes. The renovated basement adds immediate functional value. It would suit first-time buyers seeking an entry point into a mature neighbourhood, or practical investors looking for a straightforward rental property. Its manageable scale and unpretentious character (no garage, no pool) cater to those prioritizing essentials and value over luxury features.
A less obvious perspective is its potential as a long-term hold in an area where the homes are, on average, significantly older. Being a post-war build in a sea of earlier-century homes could position it favorably for maintenance costs and modernization over time.
Section 2: Frequently Asked Questions
1. What is the exact sold price history?
The public data shows a sale in July 2017 for an estimated range. To obtain the precise historical sold prices, you must request the information directly via email from the listing source, as they provide it manually.
2. How does this home compare to others on Lanark Street?
The data indicates it is consistently around or above the average for the street in key categories. It has more living space than many (top 63%), a higher assessed value (top 41%), and is notably newer than most (top 11%, built in 1958 vs. a street average from 1946).
3. Is there a garage or additional parking?
The listing specifies there is no garage. Parking would be limited to driveway or on-street options.
4. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finishes. This would be a key detail to clarify with the seller or listing agent to understand the quality and layout of the additional space.
5. The city-wide assessed value comparison seems unusual. Why?
You'll notice a discrepancy in the city-wide average assessed value shown (390k vs. this home's 41.50k). This is likely a display error in the data table, as the more relevant local comparisons (street and area) show consistent averages around 40k. Always rely on the direct neighbourhood comparisons for accurate context.