Property Overview: 667 Centennial Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, well-situated one-storey home in the J.B. Mitchell neighbourhood. Built in 1958, it is notably newer than many homes in the immediate area, which can be an advantage for systems and structure. The home offers 1,047 sqft of living space and sits on a standard city lot of approximately 4,586 sqft. A key feature is its renovated basement, adding functional living space. There is no garage or pool.
The primary appeal lies in its solid positioning as an average, entry-level property within its market. Its assessed value and living area are consistently around the median for the street, neighbourhood, and city, suggesting it is a typical offering without extreme premiums or red flags. Its above-average year of build for J.B. Mitchell is a quiet positive. The renovated basement adds immediate utility without the need for a project.
This home would best suit first-time buyers, downsizers, or practical investors looking for a straightforward, no-frills property in a central Winnipeg neighbourhood. It’s for someone prioritizing location and a move-in-ready basement over larger square footage or premium upgrades. The lack of a garage means it appeals to buyers comfortable with street parking or adding a shed.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified, a renovated basement in a home of this era and price point often means it is finished as livable space—likely including drywall, flooring, and basic amenities—but may not include a full kitchen or legal secondary suite.
2. How does the lack of a garage affect value and livability?
It aligns with the home's entry-level positioning. For the right buyer, it keeps the purchase price and property taxes lower. However, it requires reliance on street parking, which should be checked for restrictions, and planning for storage solutions.
3. The sold price from 2023 seems low. Why is that?
The displayed price range is from early 2023. Market conditions and valuations change. This historical data is useful for trend context, but the current market value would be determined by recent comparable sales, condition, and today's market dynamics.
4. The home is "newer" than neighbours, but is 1958 still old?
Yes, a 68-year-old home will still have aging components. The "newer" ranking is a relative advantage, potentially meaning updates to major systems may have occurred later than in nearby homes built in the 1940s or early 1950s. A thorough inspection is essential.
5. The lot size is noted as "below average" for J.B. Mitchell. Is this a concern?
It is smaller than the neighbourhood average but is still a standard city lot. It provides adequate outdoor space for gardening or relaxation but may feel constrained if a large addition, detached garage, or extensive landscaping is desired.