Property Summary: 712 Lanark Street, Winnipeg
Key Characteristics & Appeal
This home at 712 Lanark Street in the Mathers neighbourhood presents a balanced, grounded opportunity. Built in 1957, it is notably newer than many homes on its street, potentially suggesting fewer major age-related concerns compared to immediate neighbours. The property sits on a 6,204 sqft lot, which is above average for Winnipeg, offering generous outdoor space for gardening, play, or expansion.
Its appeal lies in its consistency. The living area (1,260 sqft), assessed value, and lot size all register as "around average" to "above average" when compared to the local area, city, and its own street. This indicates a property that doesn't have extreme outliers—it’s a solid, proportional home in a mature setting. The last recorded sale was between $350k-$400k in 2016.
This home would suit a practical buyer looking for a manageable footprint with a sizable yard in an established neighbourhood. It’s a candidate for someone comfortable with a home of this era, possibly a first-time buyer seeking a foundation to build equity or a downsizer wanting a single-level layout (typical of the period) without sacrificing outdoor space. Its balanced metrics suggest it’s unlikely to be a "steal" nor an overpriced outlier, but a straightforward proposition.
Frequently Asked Questions
1. What does it mean that the home is "newer" than others on the street?
While still a 1957 build, being newer than the street average (1946) could imply that major foundational or systemic updates common in pre-war homes may have been addressed during its construction era. However, a 69-year-old home will still require a thorough inspection for its own age-related updates like wiring, plumbing, and windows.
2. How should I interpret the "above average" lot size ranking citywide?
The lot is a key feature. In a city-wide context, a Top 27% ranking for land area means you are getting more outdoor space than most Winnipeg properties. This adds value for privacy, recreation, and future potential, setting it apart from newer developments with smaller lots.
3. Why is the assessed value so much lower than the city-wide average for comparable homes?
The city-wide "comparable average" of $390k appears to be a data discrepancy or includes very different property types. Focus on the local context: the assessed value of $39.70k is consistent with averages on Lanark Street ($40.40k) and in Mathers ($42.40k). Market value is determined by recent sales, not assessment.
4. How accurate are the sold price ranges shown?
The sold price ranges are based on public data estimates. To get the exact historical sale price, you must request it via the provided email service. This is a common practice to ensure data privacy and accuracy before it's formally disclosed in listings.
5. What can the neighbourhood analysis page tell me?
The interactive map analysis allows you to visually compare this property with nearby homes on key metrics like year built, lot size, and assessed value. This helps you see if the home is an outlier in its immediate few blocks, providing crucial context beyond broader neighbourhood averages.