Property Overview: 464 Strathmillan Road, Winnipeg
Key Characteristics & Appeal
This one-storey home in Jameswood presents a practical opportunity. Built in 1957, it is notably newer than many homes in its immediate area, which can be an advantage for maintenance and systems. With 1,144 sqft of living space and a nearly 5,900 sqft lot, the property offers comfortable, single-level living on a decent-sized plot. Its detached garage adds functional storage or workshop space.
The appeal here is grounded in value and potential. The home's assessed value sits below average for its neighborhood, street, and the city, which may indicate a more accessible price point for the area. This could attract buyers looking for entry into a established community like Jameswood, or those seeking a property where the land value and the home's newer-than-average build year for the locale provide a solid foundation. It would suit a first-time buyer, a downsizer looking for a manageable single-level layout, or an investor seeking a straightforward rental property. The recent sale history suggests a stable, modest appreciation.
Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. A lower assessment relative to the area often correlates with a more affordable purchase price. It can represent a value opportunity in the neighborhood, but it's essential to understand the condition of the home itself through a viewing and inspection.
2. What does it mean that the home is "newer" than others on the street?
With a 1957 build year ranking in the top 6% on its street, the home's structure, wiring, and plumbing are likely several decades newer than many neighbors. This can mean fewer issues related to very aged materials, though any 69-year-old home will still require diligent upkeep.
3. Who might this property not suit?
Buyers seeking a modern, recently renovated home or a very large living space may find it lacking. The living area is modest and the home has no basement, which limits storage and expansion options.
4. How stable is the value in this area?
The sold price data from 2020 and 2023 shows a pattern of gradual increase, suggesting a stable, non-volatile market for the property. This points to a neighborhood without wild price fluctuations.
5. What are the immediate next steps if interested?
The exact sold prices are provided as ranges. To make a fully informed offer, you can request the precise historical sale figures directly from the listing service. More importantly, arrange a viewing to assess the interior condition, layout, and any updates that may not be reflected in the basic metrics.