Property Overview: 7 Hanna Street, Winnipeg
Key Characteristics & Appeal
This home presents a solid, middle-ground opportunity in Winnipeg's Margaret Park neighborhood. Built in 1965, it offers 1,131 sqft of living space on a notably generous 6,595 sqft lot. The data suggests its primary appeal lies in its balance and space. While the house itself is average in size for the area, the lot size stands out, ranking well above average both locally and city-wide. This offers valuable outdoor space and potential not found in many comparable properties. The assessed value of $340k aligns with the home's positioning, and its last sale in the $350k-$400k range indicates a stable market perception.
It would suit practical buyers looking for a manageable home with room to breathe outdoors—perfect for gardeners, families wanting a large yard, or those who value future expansion potential over a recently built structure. It’s a property for someone who sees the value in the land as much as the dwelling, offering a foothold in a neighborhood without the premium of a fully renovated or oversized home.
Frequently Asked Questions
1. How does this property compare to others on the street?
It holds its own with an average living area and assessed value for Hanna Street. Its key advantage is the lot size, which is larger than most of its immediate neighbors.
2. Is the price fair based on recent sales?
The home sold for between $350,000 and $400,000 in 2024, which is above its current assessed value of $340,000. This recent sale price suggests the market values it higher than the city's assessment, a point for negotiation or value consideration.
3. What does the lot size ranking actually mean for me?
Ranking in the top 21% on the street and top 11% in Margaret Park for land area is significant. It means you're getting more outdoor space than most homes in the area, which is a fixed asset that adds utility and long-term value.
4. The home was built in 1965. What should I expect?
While the year is average for the city, it ranks "above average" for Hanna Street, meaning it's actually one of the newer homes on the block. Buyers should still budget for updates consistent with a home of this age, but it may be relatively modern compared to its direct neighbors.
5. How can I find out the exact past sale price?
The provider only publishes a sold price range publicly. You can request the exact historical sold prices by emailing them directly, a process they handle manually with a promise of no marketing spam.