Property Overview: 719 Centennial Street, Winnipeg
Key Characteristics & Appeal
This two-storey home on Centennial Street in the J.B. Mitchell neighbourhood presents a compelling mix of space, location, and value. Its primary appeal lies in its generous living area of 2,072 sqft, which ranks in the top 1% for size both on its street and within the neighbourhood. This makes it a notably spacious home compared to its immediate peers. It sits on a 4,076 sqft lot, which is more compact than area averages, suggesting a low-maintenance yard that maximizes the living space indoors.
The home’s assessed value of $550k positions it above average for the area, reflecting its desirability and renovated basement. Built in 1956, it is a mature, well-established property. A detached garage adds practical utility. This property would best suit buyers who prioritize interior square footage and modernized living spaces over a large yard, and who value being in a sought-after neighbourhood where the home’s size is a standout feature. It’s a practical choice for those seeking a move-in ready home with room to grow, without the upkeep of an expansive property.
Frequently Asked Questions
1. How does the home’s value compare to recent sales on the street?
Based on available data, a nearby home sold in July 2020 for between $46.5k and $49.5k. The current assessed value of $550k for 719 Centennial indicates significant appreciation and a different market tier, highlighting this property’s premium size and condition.
2. Is the lot size a disadvantage?
It depends on your lifestyle. While the lot is smaller than many in Winnipeg, it offers easier maintenance and likely focuses the home’s footprint on living space. For buyers seeking a large garden or extensive outdoor space, it may be a consideration. For those preferring less yard work, it’s an efficient use of property.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. We recommend inquiring about the scope of work, ceiling height, permitted uses, and whether it includes a separate entrance or additional bedrooms.
4. The home is described as "Elite" for size but not for value. Why?
The "Elite" tag refers specifically to its living area ranking. Its assessed value, while above average, ranks slightly lower (Top 3-7% in the area). This suggests you are acquiring a home that is exceptionally spacious for its location, with the value reflecting that premium space along with other factors like the renovation and overall market conditions.
5. How can I learn the exact historical sale prices for this home?
The exact sold price history is not publicly displayed in detail. The listing service offers to provide this information manually via email request, with a commitment to respond by the end of the same day without using your email for unsolicited marketing.