Property Overview
760 Lanark Street is a 1,291 sqft bungalow built in 1956, situated on a roughly 5,940 sqft lot in Winnipeg’s Mathers neighbourhood. Its key appeal lies in its strong relative value and established setting. The home’s assessed value consistently ranks above average—within the top 20% on its street and in Mathers—suggesting it is viewed favorably compared to many peers. While the living space is typical for the area, the lot size provides a good balance of yard space without being excessive to maintain.
This property would suit a practical buyer looking for a solid, no-fuss home in a mature neighbourhood. It’s ideal for first-time homeowners seeking a manageable property with a track record of stable value, or for downsizers wanting a single-level layout and a established community feel. The data indicates you’re paying more for the lot and location value than for a large or modern house, appealing to those who prioritize land and neighbourhood over square footage.
Frequently Asked Questions
How does this home’s value compare to others nearby?
The assessed value of $49,200 ranks in the top 20% on Lanark Street and top 17% in the Mathers area, meaning it is assessed higher than most comparable homes nearby. This often reflects a combination of lot desirability, condition, and location within the area.
What is the likely price range based on recent sales?
The home sold between $450,000 and $500,000 in 2022. For a precise sale price, you can request the exact history via email from the listing source.
Is the house older or newer than others in the area?
Built in 1956, it is newer than many homes on its street (ranking around average) but is actually older than the typical home in the wider Mathers neighbourhood, where it ranks in the top 81% (meaning 81% of homes are newer).
How does the lot size compare?
At just under 6,000 sqft, the lot is very close to the average for both Lanark Street and Mathers. It is slightly smaller than the average lot citywide.
What might the above-average assessment mean for property taxes?
A higher assessed value generally leads to higher property taxes, all else being equal. However, it can also indicate stronger resale value potential compared to lower-assessed neighbours.