Property Overview: 755 Lanark Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Lanark Street in the Mathers neighbourhood presents a practical, mid-century property built in 1957. Its key characteristics are consistently "around average" for its immediate street, area, and the wider city in terms of living space (1,163 sq ft), lot size (5,372 sq ft), and assessed value ($40,600). This creates a stable, predictable profile without extreme highs or lows. Its relative appeal lies in this balance and its slightly newer construction date compared to many neighbours on the street, suggesting potentially fewer immediate age-related concerns than some nearby homes.
The property would suit a value-conscious buyer looking for a straightforward home in an established neighbourhood. It's a sensible choice for a first-time homeowner who prioritizes a manageable footprint and lot, or an investor seeking a rental property with typical area metrics. The data suggests it’s not a standout in size or valuation, but rather a solid, representative entry in its market segment.
Section 2: Frequently Asked Questions
1. What does "around average" in the rankings actually mean for a buyer?
It indicates this home is typical for the area, not an outlier. You’re unlikely to be overpaying for exceptional features or getting a bargain for a major fixer-upper. It represents a market-standard baseline.
2. The home was built in 1957. What should I be mindful of?
While newer than many on its street, a 69-year-old home will still require a thorough inspection. Key systems like plumbing, electrical, and the roof may have been updated, but their age and condition should be verified.
3. How useful is the assessed value of $40,600?
In Winnipeg, assessed value is for municipal tax purposes and is typically much lower than market value. The last sold price range ($300k-$350k in 2016) is a more relevant, though dated, reference point for actual market value. Always rely on a current comparative market analysis.
4. The lot is noted as "around average" in size. What are the implications?
The 5,372 sq ft lot is very standard for the area. It provides adequate outdoor space for a garden or deck but likely isn't large enough for major expansions or additions without careful planning and permits.
5. How can I find out the exact historical sale prices?
The listing notes that exact sold prices are not publicly displayed online. You must request them directly via the provided email button. The service promises a manual reply with the accurate figure, typically by the end of the same day.