Property Overview: 658 Lanark Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the J.B. Mitchell neighbourhood presents a practical and value-oriented opportunity. Its key characteristic is a generous 6,598 sqft lot, which is notably larger than most in the area, offering ample outdoor space for gardening, play, or future expansion. The home itself, built in 1955, is modest in size at 946 sqft, placing it below the neighbourhood average for living space, but it features a renovated basement. A detached garage provides additional storage or workshop potential.
The primary appeal lies in its land value and affordability within a mature community. It suits a specific type of buyer: first-time homeowners or downsizers seeking a lower-maintenance footprint without sacrificing yard space, or an investor looking for a land-value play with a rentable dwelling. A less obvious perspective is that a smaller, efficient home on a large lot can offer a simpler lifestyle with lower utility costs, while the lot itself represents long-term potential in a city where larger parcels are becoming scarce.
Section 2: Frequently Asked Questions
1. What is the exact recent sale price?
The property sold in June 2023. For privacy and accuracy reasons, the exact sale price is not published in public records. You can request the precise figure via email from the site, which provides this data manually.
2. How does the home's size compare to the area?
At 946 sqft, the living area is below the average for both the immediate street and the wider J.B. Mitchell neighbourhood. This indicates a compact, efficient layout rather than a spacious family home.
3. What does the "above average" land area ranking mean?
The lot size of 6,598 sqft ranks in the top 24% on Lanark Street and the top 16% in J.B. Mitchell. This is the property's standout statistical feature, meaning you are getting significantly more land than most comparable local properties.
4. Is the assessed value a reliable indicator of market value?
The assessed value ($43.40k) is for municipal tax purposes and is typically much lower than market value. Market value is determined by recent sales of similar properties, location, and condition. The nearby sale of 656 Renfrew Street (Assessed at $330k) illustrates this significant difference.
5. What is the neighbourhood like?
J.B. Mitchell is a mature, established neighbourhood with homes primarily from the mid-20th century. The proximity to similar properties on Lanark and nearby Renfrew Street suggests a consistent, stable streetscape.