Property Overview
761 Centennial Street in Winnipeg’s Mathers neighbourhood is a mid-century home that presents a balanced, practical opportunity. Built in 1959, it sits on a roughly 5,100 sqft lot and offers 1,048 sqft of living space. Its recent sold price range (CA$350k–400k in 2024) and assessed value (~$35.9k for land and building) position it as a comparatively affordable entry point within its local context. The appeal here isn’t about standing out with top-tier metrics, but rather about securing a solid, average home in a stable setting. It would suit first-time buyers, practical downsizers, or investors looking for a straightforward property without premium pricing, particularly those who value a decently sized lot and a home that is newer than many of its immediate neighbours.
Key Characteristics & Appeal
This home’s characteristics are consistently middle-of-the-road when viewed citywide, but offer some relative advantages locally. Its 1959 build date makes it newer than most homes on its street and in Mathers—a subtle plus suggesting potentially fewer immediate age-related issues than older neighbours. The lot size is generous for the immediate area, offering above-average outdoor space compared to other homes on Centennial Street.
The appeal lies in its unassuming stability. It’s not the biggest, newest, or most valuable home in any broad comparison, but it represents a known quantity: a post-war home with a standard layout on a good lot. For the right buyer, its value is in being a manageable property without extreme highs or lows. It suits someone who prioritizes a fair price per square foot over luxury finishes, and who sees potential in a home that has already seen significant price appreciation (rising from the CA$300k–350k range in 2017).
A less obvious perspective is that a home ranking “around average” across multiple metrics can be a strategic buy in a volatile market, as it may be less susceptible to dramatic value swings than more unique or outlier properties. Its recent sale also provides clear, current market comps, reducing pricing uncertainty.
Frequently Asked Questions
1. Is this a good value compared to other homes in the area?
Based on the data, the home’s assessed value is below average for Mathers but around average for its specific street and citywide. Its recent sale price aligns with this, suggesting it’s priced in line with the market for a home of its size and age in the neighbourhood.
2. How does the lot size compare?
At 5,099 sqft, the lot is larger than the average for Centennial Street (~4,612 sqft). This is one of the property’s relative strengths, offering more outdoor space than many direct neighbours.
3. The home was built in 1959. Should I be concerned about its age?
While 67 years old, this home is actually newer than most on its block and in the wider Mathers area. This could mean updates have been made over time and that major systems might be relatively younger compared to older homes nearby. A thorough inspection is always recommended.
4. What can the past sale prices tell me?
The home sold in the CA$300k–350k range in 2017 and CA$350k–400k range in 2024. This indicates steady appreciation over that seven-year period. The exact sold price is available upon request from the listing source.
5. Who would this property be best for?
It’s well-suited for a first-time homebuyer or an investor seeking a straightforward, no-surprises property in a mature neighbourhood. Its average metrics and manageable size make it a practical, rather than a premium, purchase.