Property Overview: 823 Lanark Street, Winnipeg
Key Characteristics & Appeal
This home at 823 Lanark Street in the Mathers neighbourhood presents a compelling blend of space, modern age, and established value. Its primary appeal lies in its above-average living area of 1,705 sq ft, which ranks in the top 11% for Lanark Street and the top 8% within Mathers, offering more interior space than most comparable local homes. Built in 1959, it is notably newer than many houses in the immediate area, ranking in the top 6% on its street for year built. The assessed value of $48,900 is consistently above local and city averages, suggesting a solid valuation foundation. The lot size is average for the area, providing standard outdoor space without excessive maintenance.
This property would suit buyers looking for a home that feels more spacious and modern than its neighbours without being an outlier. It’s ideal for someone who values clear, data-backed standing in the market—a home that outperforms its immediate peers in key metrics like size and age. It may also attract value-conscious buyers who appreciate that its above-average characteristics aren’t reflected in an extreme premium, based on the assessed value rankings.
Frequently Asked Questions
1. How current is the sold price information?
The listed sale range of CA$500k–550k is from 2024 and is based on available public data. For the exact historical sold price, you can request it via email from the site; they provide this detail manually without using your email for marketing.
2. What does it mean that the home ranks in the "top" percentages?
The rankings compare this home to specific groups of "comparable homes." For example, being in the "top 11% for living area" on Lanark Street means about 89% of similar homes on the street are smaller. It’s a relative measure of how this property stands out in its direct context.
3. Is the assessed value the same as the market value?
No. The assessed value ($48,900) is for municipal tax purposes. The market value is better indicated by the 2024 sold price range, which is significantly higher. The assessed value ranking simply shows this home is consistently valued above peers for tax assessment.
4. The home is newer than most on the street. Does that mean major systems are updated?
Not necessarily. While being built in 1959 makes it newer than many neighbouring homes (which average 1946 on Lanark Street), it is still a 67-year-old house. The ranking speaks to its relative age, but specific updates to the roof, wiring, plumbing, or HVAC would require a professional inspection.
5. How does the lot size compare?
At 5,497 sq ft, the lot is around the average for both Lanark Street and the Mathers area. It offers a typical urban yard—not the largest on the block, but also not unusually small, which can be a positive for those seeking a balance of outdoor space and manageable upkeep.