Property Overview: 797 Lanark Street, Winnipeg
Key Characteristics & Appeal
This home stands out for its generous proportions and prime lot. With 1,706 sqft of living space, it is significantly larger than most comparable homes in the Mathers neighbourhood and across Winnipeg. The true standout feature is the 11,056 sqft lot, which places it in the top 1% of properties in Mathers for land area, offering exceptional outdoor space and potential. Built in 1960, it is notably newer than many surrounding homes. The assessed value of $58,600 reflects its premium standing within the local market, and its sale in the $700k-$750k range in 2023 confirms its desirability.
The appeal lies in securing a property that outperforms its peers on multiple metrics: ample interior space, a newer build date for the area, and a truly oversized, private lot. It suits buyers looking for a established home with room to grow, garden, or entertain, and who value a property that is a statistical standout in its community. It’s a solid choice for those prioritizing long-term value and space over a brand-new build.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
The assessed value ($58,600) is for municipal tax purposes and is not intended to reflect market value. The sale price from 2023 ($700k-$750k) is the true indicator of its market worth.
2. How does the lot size compare to a typical city lot?
The lot is exceptionally large at over 11,000 sqft. For perspective, the average comparable lot in Mathers is about 6,000 sqft, meaning this property offers nearly double the outdoor space.
3. The home was built in 1960. What does that mean for maintenance?
While newer than many homes in Mathers, a 60+ year-old home will likely have had major systems (roof, windows, furnace) updated over time. A thorough inspection is recommended to understand the condition and any upcoming capital needs.
4. What do the "Top X%" rankings mean?
These rankings show how this property compares to similar homes. For example, "Top 1% for Land Area in Mathers" means its lot size is larger than 99% of comparable properties in the neighbourhood, indicating a rare and valuable feature.
5. How can I find out the exact historical sale price?
The provided sale price is a public data range. The listing service offers to provide the exact figure via a manual email request, which they aim to fulfill by the end of the same business day.