Property Overview: 647 Centennial Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in the J.B. Mitchell neighbourhood presents a practical and comfortable living opportunity. Its key features include a renovated basement and a detached garage. With 1,019 sqft of living space, the home is modestly sized but sits around the average for its immediate street and area, offering a manageable footprint. The assessed value of $350k is also positioned around the citywide average, suggesting a fair market entry point.
The appeal lies in its established, no-fuss character. Built in 1956, it is actually newer than many homes in J.B. Mitchell, potentially meaning fewer age-related concerns than some neighbouring properties. The renovated basement adds valuable finished space. While the lot size is below average for the area, it translates to less yard maintenance. This property would suit first-time buyers seeking a solid starter home, downsizers looking for a single-level layout without a sprawling yard, or practical investors interested in a property with recent updates (the basement) in a stable, mature neighbourhood.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s $350k assessed value is around the citywide average but is below the average for the J.B. Mitchell area specifically. This could indicate a value-oriented position within a desirable neighbourhood.
2. What should I know about a house built in 1956?
While newer than many area homes, a 70-year-old house will still have core aging components. A thorough inspection of the roof, foundation, plumbing, and electrical systems is essential to understand its true condition beyond the renovated basement.
3. The lot size is noted as below average. What does that mean practically?
The 4,077 sqft lot is smaller than most in J.B. Mitchell. This means a more compact backyard, which is easier to maintain but may limit options for large additions, pools, or extensive landscaping.
4. What does the sold price history tell us?
Public records show it last sold in late 2023 for an estimated range of $325k-$355k, closely aligning with its current $350k assessment. This suggests stable value without dramatic recent appreciation.
5. Who would this house not be ideal for?
It may not suit buyers seeking a large, modern open-concept layout, as the square footage is modest and the style is traditional. Families needing multiple large bedrooms or extensive outdoor play space might find it too compact.