Property Overview: 880 Centennial Street, Winnipeg
Key Characteristics & Appeal
This home on Centennial Street in the Mathers neighbourhood presents a compelling blend of space, value, and established charm. Built in 1958, it is notably newer than many of its immediate neighbours, which can suggest updated infrastructure or materials for its era. The primary standout feature is the generous 6,542 sqft lot, which ranks in the top 3% on its street, offering exceptional outdoor space for a city property—a rare find for gardening, recreation, or future expansion.
With 1,144 sqft of living area, the house itself is comfortably above the street average. Its assessed value is strong for the immediate area, indicating perceived value above neighbouring properties. The home last sold in the $450k-$500k range in 2023. This profile suits buyers looking for a established neighbourhood character with a premium-sized yard, first-time buyers or small families seeking room to grow outdoors without moving to the suburbs, and value-oriented purchasers who appreciate a home that stands above its direct peers in key metrics like lot size and year built.
Frequently Asked Questions
1. How does the lot size compare to a typical Winnipeg property?
The lot is significantly larger than average. At 6,542 sqft, it is larger than approximately 78% of properties citywide, offering substantial private outdoor space.
2. The home was built in 1958. What might that mean for maintenance?
While newer than many on its street, a 68-year-old home will likely have had several systems updated over time. A key focus for a buyer should be verifying the age and condition of major components like the roof, plumbing, electrical, and foundation, which may be original or from prior renovations.
3. The assessed value seems low compared to the recent sale price. Why?
Municipal assessed value (listed here as $41.5k) is for tax purposes and is not a market valuation. The 2023 sale price of $450k-$500k reflects the actual market value, which is influenced by factors like interior condition, updates, and the highly desirable lot size that the assessment formula may not fully capture.
4. What is the neighbourhood (Mathers) like?
Mathers is an established, mature neighbourhood. The data shows homes here have a mix of ages and sizes, with this property ranking above average in lot size and year built within the area, suggesting it is one of the more substantial and relatively newer homes in this specific community.
5. Where can I see more detailed context about nearby properties?
You can open the neighbourhood analysis page for this property to view an interactive map comparing nearby homes by year built, living area, assessed value, and lot size. This helps visualize how 880 Centennial Street fits into its immediate streetscape.