Property Overview: 827 Centennial Street, Winnipeg
Key Characteristics & Appeal
This home at 827 Centennial Street in the Mathers neighbourhood is a practical, mid-century property built in 1957. With 1,002 sqft of living space on a 5,099 sqft lot, it presents a manageable scale. Its appeal lies in its position as a relatively affordable entry point into the Winnipeg market, particularly for a stand-alone house with a decent-sized yard. The assessed value is notably below average for the immediate street and neighbourhood, which could indicate an opportunity for value-conscious buyers, though it may also reflect the home’s condition or updates needed.
The property would suit first-time homebuyers, practical renovators, or investors looking for a house with land in the city. It’s a home for those who prioritize location and lot size over move-in-ready perfection and who see potential in a property that ranks moderately in most metrics. A thoughtful perspective is that while its specs are average for the city, it stands out on its street for having a larger-than-average lot, offering more outdoor space than many immediate neighbours—a subtle advantage for privacy or expansion.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
While the assessed value is around the citywide average, it is below average for both Centennial Street and the Mathers neighbourhood. This can be due to a variety of factors, including the home’s specific condition, interior finishes, or the timing of the assessment relative to recent market changes.
2. What does the sold price history tell us?
The home sold between $300,000 and $350,000 in 2023. This sale price ranked higher (Top 55% citywide) than its assessed value ranking, suggesting the market may value it more highly than the official assessment, a point worth investigating for financing or offer purposes.
3. Is the living area considered small?
At 1,002 sqft, it is below the average for both Mathers and Winnipeg overall. This indicates a more compact, efficient layout suitable for smaller households or those wanting lower utility and maintenance costs.
4. How does the lot size compare?
The 5,099 sqft lot is larger than the average lot on Centennial Street. This is a key feature, providing more outdoor space than many nearby properties, which could be valuable for gardening, recreation, or future projects.
5. What are the implications of the home’s age?
Built in 1957, the home is older than the Winnipeg citywide average. Prospective buyers should budget for potential updates to major aging components like the roof, windows, plumbing, or electrical systems, which is typical for homes of this vintage.