Property Overview: 777 Centennial Street, Winnipeg
Key Characteristics & Appeal
This home at 777 Centennial Street is a practical, mid-century property built in 1956, offering a grounded entry point into Winnipeg’s Mathers neighbourhood. With 1,036 sqft of living space on a 4,182 sqft lot, its size is modest yet functional, ranking around average for its immediate street and city-wide context. The assessed value is notably below average for the Mathers area, suggesting a potentially lower property tax burden relative to nearby homes. Its appeal lies in its straightforward, no-frills profile—a home that prioritizes essentials over expansiveness. It would suit first-time buyers seeking an affordable foothold in the city, practical downsizers looking for manageable space, or value-focused investors attracted by the below-average assessment in the neighbourhood. A thoughtful perspective is that this property represents the "bones" of a neighbourhood—a home that is statistically typical in many ways, offering a stable baseline from which to build equity without the premium of a standout lot or modern size.
Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home sold for an estimated $300k–$350k in 2022. Its current assessed value is significantly lower, which may indicate a different valuation approach or market changes, but it generally positions the home as a below-average investment for the Mathers area.
2. Is the lot size a limitation?
At just over 4,000 sqft, the lot is below average for both the neighbourhood and city-wide. It provides adequate outdoor space for a patio or small garden but may not suit those wanting extensive yard space.
3. What does the "below average" ranking for Mathers mean?
For key metrics like living area and assessed value, this home ranks in the bottom tiers (e.g., top 82% for area means only 18% of Mathers homes are smaller). This underscores its role as a more compact, value-oriented option in the area.
4. Are there any concerns with the home’s age?
Built in 1956, the home is older than most in Mathers. Buyers should budget for potential updates to aging components like plumbing, electrical, or windows, common for homes of this era.
5. How can I get the exact historical sale price?
The advertised sale price is a range based on public data. You can request the precise sale history by emailing the listing service; they provide the exact figure manually, typically by the end of the same day.