Property Overview: 829 Lanark Street, Winnipeg
Key Characteristics & Appeal
This home on Lanark Street in the Mathers neighborhood stands out for its exceptional lot size and spacious living area relative to its peers. The nearly 17,000 sqft property lot is in the top 1% for size both on its street and in the wider Mathers area, offering rare potential for expansion, gardening, or outdoor living. With over 2,000 sqft of living space, the house itself is significantly larger than most comparable homes locally. Built in 1958, it is a mature property that may appeal to those who appreciate established neighborhoods and are prepared for the maintenance or updates that can come with an older home.
Its appeal lies in this combination of a substantial, private lot and a generously sized house—a pairing that is increasingly uncommon in city settings. The assessed value places it in an elite tier, suggesting it is viewed as a premium property within its market.
This home would best suit buyers looking for space above all else, whether for a growing family, multi-generational living, or a long-term project. It’s ideal for someone who values outdoor privacy and has the vision to potentially update or customize a solid, older structure. The buyer should be comfortable with a property that likely represents a significant investment both in purchase price and in ongoing stewardship.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sold price range?
Assessed value for property tax purposes is often calculated using a different methodology and lags behind the current market. The sold price from 2021 provides a more recent indicator of its market value.
2. What does the "Elite" ranking for lot size actually mean?
It means the property's land area is larger than 99% of comparable homes on Lanark Street and in the Mathers neighborhood. You are getting a lot that is almost three times the local average.
3. Are there any concerns with a house built in 1958?
While the structure has proven its durability, a home of this age will likely have older mechanical systems (like plumbing, electrical, and heating) and may require modernization. A thorough inspection is essential to understand the condition and any needed investments.
4. The living area is large, but how does the layout function for modern living?
Homes from this era often have compartmentalized room layouts rather than open-concept designs. Buyers should consider whether the existing floor plan suits their lifestyle or if they are prepared for possible renovation to update the flow.
5. How can I find out the exact sold price from 2021?
The listing service provides an estimated range based on public data. You can request the exact sale price by emailing them directly through the provided form; they manually confirm and send the information without using your email for marketing.