Property Overview & Key Characteristics
This home at 816 Strathcona Street in Winnipeg's Minto neighbourhood presents a distinct profile defined by its context. Built in 1914, it is a century-old property on a modest 2,560 sqft lot. Its primary appeal lies in its efficient use of space, offering 1,191 sqft of living area—which is notably above average for Strathcona Street itself—within a historically established community. The most recent sale price range (2024) places it in the top tier for its immediate area.
The property suits practical, value-oriented buyers. It’s a match for someone seeking a character home without the largest lot maintenance, or for an investor attracted to a neighbourhood where recent sales show strong demand. First-time buyers may appreciate that its living space outperforms many direct neighbours, offering more interior room than typical for the street. A thoughtful perspective is that its below-average citywide assessed value suggests a potentially lower tax burden compared to newer city subdivisions, which could be a calculated advantage.
Frequently Asked Questions
1. How does the lot size impact this property?
At 2,560 sqft, the lot is smaller than most on the street and in the city. This means lower exterior maintenance but also limited space for expansions, large gardens, or adding a detached garage.
2. The home was built in 1914. What should I consider?
While the structure has proven its longevity, a home of this age requires a diligent inspection. Potential buyers should budget for updates to older mechanical systems (like plumbing or wiring) and ensure any character features have been properly maintained.
3. Why is the assessed value so much lower than the recent sale price?
The assessed value ($25,500) is for municipal tax purposes and is often based on older market data. The 2024 sale price range ($350k-$400k) reflects the actual current market value, which is significantly higher, especially for this specific street.
4. What do the "top percentage" rankings mean for a buyer?
They show how this property compares to others. For example, its living area is in the "Top 29%" on its street, meaning it's larger than 71% of nearby homes—a key interior space advantage. Conversely, its "Top 94%" ranking for lot size city-wide means 93% of Winnipeg lots are larger.
5. Who are the most likely neighbours or buyers in this area?
Given the mature neighbourhood, efficient lot size, and the home's age, likely buyers include young professionals, small families, or practical downsizers seeking an established community close to central amenities. The strong recent sale also indicates investor interest.