Property Summary: 650 Centennial Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1955, situated on a notably generous lot in the J.B. Mitchell neighbourhood. Its primary appeal lies in the balance between a modest, renovated living space and a land area that stands out as above average for the immediate area. With 936 sqft of living space, the house itself is smaller than many comparable homes, but it features a renovated basement and a detached garage. The assessed value is consistent with area averages, suggesting a stable, mid-range investment.
The property would suit first-time buyers or downsizers looking for a manageable home without sacrificing outdoor space. It also presents a solid opportunity for those with a longer-term vision, as the large lot could allow for future expansion or landscaping projects, adding value not immediately reflected in the current living area. Its average valuation for the street and neighbourhood indicates it’s a typical property for the area, not overpriced, making it a pragmatic rather than a speculative purchase.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
At 936 sqft, the living area is below the average for similar homes on Centennial Street and in the J.B. Mitchell neighbourhood. This means the interior is compact, but it is balanced by the property’s larger-than-average lot size.
2. What is the significance of the lot size?
The land area of 5,574 sqft ranks in the top 16% on Centennial Street, meaning it’s a larger parcel than most direct neighbours have. This is a key feature, offering more yard space, potential for gardening, or future outdoor amenities.
3. Is the assessed value typical for this area?
Yes. The assessed value is around the average for the street, the neighbourhood, and citywide. This indicates the property is valued in line with market norms for its location and characteristics.
4. When was it last sold and for how much?
The home was sold in June 2023. The exact sale price is not publicly listed, but available data indicates a range. You can request the precise figure directly from SaveOnHouse.
5. What are the implications of the home’s age?
Built in 1955, the home is of average age for its neighbourhood. While it has a renovated basement, buyers should consider the potential for age-related maintenance common to houses of this era, such as updates to roofing, windows, or major systems.