Property Overview: 924 Centennial Street, Winnipeg
Key Characteristics & Appeal
This 1,132 sqft bungalow, built in 1958, presents a compelling opportunity in Winnipeg's Mathers neighbourhood. Its primary appeal lies in its exceptional lot size—a 6,618 sqft property that ranks in the top 2% on its street and top 20% citywide. This offers rare potential for expansion, gardening, or outdoor living within the city. While the home itself is of average size and assessed value for the area, it sits on a parcel of land that is significantly larger than most of its immediate peers.
The home would suit practical buyers who value space and potential over immediate turn-key finishes. It’s ideal for a first-time buyer or an investor looking for a property where the core value is anchored in the land itself, with the existing house providing a solid foundation to update over time. The 1958 build date is actually newer than many homes in Mathers, suggesting potentially fewer immediate concerns than older stock. Its last known sale was between $350k-$400k in 2022, positioning it as an accessible entry point into the market with a standout feature (the lot) that is difficult to replicate.
Frequently Asked Questions
1. What is the most standout feature of this property?
The lot size is the defining characteristic. At over 6,600 sqft, it is substantially larger than the average for the street and neighbourhood, offering uncommon outdoor space and future potential in a mature area.
2. What type of buyer is this home best suited for?
It's well-suited for buyers with a vision for customization or expansion. The generous lot paired with a home of average condition is perfect for someone planning gradual renovations, an addition, or who simply prioritizes extensive yard space.
3. How does the assessed value compare?
The municipal assessed value of $38,900 is around the average for Mathers. It's important to note that assessed value for tax purposes often differs from market value, and the large lot may not be fully reflected in this figure.
4. Is the living space smaller than average?
At 1,132 sqft, the living area is very close to the neighbourhood average. It provides typical bungalow living space, with the key differentiator being the outdoor space, not the interior square footage.
5. How can I find out the exact past sale price?
The precise sale price from 2022 is not publicly listed in detail. You can request this information directly via the email prompt on the listing page; the service provider will manually retrieve and send the exact figure.