Property Overview: 801 Lanark Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 801 Lanark Street in the Mathers neighbourhood presents a solid, value-oriented opportunity. Built in 1957, it offers 1,162 sqft of living space on a 5,503 sqft lot, placing it around the average for the local area in terms of size. Its true standout feature is its assessed value of $45,700, which ranks above average for both the street and the wider Mathers area. This suggests the property is assessed favorably relative to its peers, which can be an important factor for property taxes and perceived value.
The appeal here is grounded in practicality and potential. It suits a first-time homebuyer or an investor looking for an entry point into the Winnipeg market without overextending. The data indicates you’re getting a property that holds its own in the neighbourhood, with a value proposition that leans more toward the lot and location than sheer square footage. A thoughtful buyer might see this as a canvas—a home with standard dimensions where the value lies in what could be done with the space and land, rather than in pre-existing luxury. Its last known sale was between $350k-$400k in 2019, providing a recent benchmark for market comparison.
Section 2: Frequently Asked Questions
1. What does "above average assessed value" actually mean for me?
It means the municipal assessment of this property’s value is higher than many comparable homes on its street and in Mathers. This isn’t a direct indicator of market selling price, but it can reflect the city’s view of the property’s worth relative to others, which is a key component in calculating your annual property taxes.
2. Is the living space smaller than average?
At 1,162 sqft, it is slightly below the average for similar homes in Mathers (1,277 sqft) and city-wide (1,342 sqft). This means the home may have a more compact or efficient layout. It’s a trade-off to consider against its above-average assessed value and standard-sized lot.
3. How can I find out the exact price it last sold for?
The public data shows a sale range of $350,000 to $400,000 in 2019. To obtain the exact sale price, you must request it directly from SaveOnHouse via the email button provided on the listing page. They provide this detail manually and do not use the request for unsolicited marketing.
4. The home was built in 1957. What should I be aware of?
Being built in 1957 places it above average in age for Lanark Street (where many homes are older) but around average for the city. Buyers should budget for a thorough inspection focused on systems common to homes of that era, such as plumbing, electrical, and the foundation, while also recognizing the potential for well-built, character-filled construction.
5. How does this property compare directly to its neighbours?
You can view a detailed neighbourhood analysis map via the link on the listing. This tool allows you to see nearby homes and compare key metrics like year built, living area, and assessed value side-by-side, giving you clear context for how 801 Lanark Street fits into the immediate area.