Property Overview: 817 Lanark Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 817 Lanark Street in the Mathers neighbourhood presents a solid, middle-of-the-road offering in the Winnipeg market. Built in 1956, it sits on a standard 5,534 sqft lot with 1,181 sqft of living space and a current assessed value of $390,000. The data indicates that for its street, neighbourhood, and city-wide, this property consistently ranks around the average or slightly above in categories like living area, lot size, and assessed value. Its most recent sale was in the $400k-$450k range in 2022.
The appeal lies in its established location and its statistical normality—it’s a representative example of a mature Winnipeg neighbourhood home, without extreme highs or lows in its metrics. It would suit a practical buyer looking for a stable, known quantity in a settled area, perhaps a first-time homeowner or a downsizer who values community consistency over a fixer-upper project or a brand-new build. A thoughtful perspective is that its "average" rankings can be a strength, suggesting predictability and lower risk compared to properties with more volatile or outlier characteristics.
Section 2: Frequently Asked Questions
1. What does it mean that the property ranks "around average" in most metrics?
It means that compared to similar homes on its street, in Mathers, and across Winnipeg, this property’s size, lot, and value are very typical. This can indicate a stable, fairly priced home in an established area.
2. How has the property’s value changed recently?
Based on public data, it sold between $400,000 and $450,000 in 2022. Its current assessed value is $390,000. For the exact historical sold prices, you can request that information directly via the provided email service.
3. Is the 1956 build date a concern?
The home is older than many in the Mathers neighbourhood (ranking in the top 81%, meaning 81% of area homes are newer). This suggests that while the structure is mature, potential buyers should prioritize a thorough inspection to understand the condition of major systems like roof, plumbing, and wiring, which may be due for updates.
4. Who are the typical neighbours?
The nearby properties on Lanark Street are very similar in vintage and style, suggesting a neighbourhood of consistent character. You can explore this visually using the neighbourhood analysis map link to compare details with immediate neighbours.
5. How does this home compare to others at the same price point elsewhere in the city?
With a $390k assessment, it aligns with homes in areas like Elmhurst and Varsity View. The trade-off often involves lot size, home age, and neighbourhood amenities. This home offers a standard lot and living space in a mature community, whereas other areas might offer newer builds or different location advantages at a similar price.