Property Overview
This home at 820 Strathcona Street in Winnipeg’s Minto neighbourhood presents a specific and practical value proposition. Built in 1908, it is notably older than most homes in the city, placing it in the bottom 4% by age. Its 848 sqft living area is modest, ranking below the city-wide average but more competitive within its immediate area and street. Similarly, its assessed value is significantly below the Winnipeg average, though it aligns more closely with the norms of Minto and Strathcona Street. The lot size of 2,560 sqft is compact, particularly when compared to the city-wide standard. The property last sold between $200k-$250k in 2020.
Key Characteristics & Appeal
The primary appeal of this property lies in its affordability and location within established, comparably-priced surroundings. It is not a large or modern home, but it represents a lower-cost entry point into the Winnipeg market. Its assessed value and last sold price are well below city averages, suggesting a manageable financial barrier. The home suits pragmatic first-time buyers or investors seeking a straightforward, no-frills property where the investment is primarily in the land and location rather than the structure itself. Its older age (118 years) means potential buyers should be prepared for the maintenance realities of a century home, but it also offers a connection to the city’s architectural history. A thoughtful perspective is that its value is deeply anchored to its micro-location—it performs similarly to its direct neighbours, making it a stable, predictable option within its specific context rather than a standout city-wide investment.
Frequently Asked Questions
1. What does the "Top 96%" ranking for Year Built mean?
This means the home is older than 96% of comparable properties in Winnipeg. Built in 1908, it is significantly older than the city-wide average build year of 1966.
2. Is the assessed value the same as the market value?
No. The assessed value (listed as $23.50k) is for municipal tax purposes. The market value is expected to be much higher, as indicated by its 2020 sale price in the $200k-$250k range.
3. How does the living area compare to nearby homes?
At 848 sqft, the home is smaller than the average on its street (~1,015 sqft) and in Minto (~1,060 sqft). It is considered a compact, efficiently sized property for the area.
4. What should I consider due to the home's age?
As a 118-year-old home, prospective buyers should budget for potential updates to major systems like plumbing, electrical, or the foundation. A thorough home inspection is essential.
5. Why is the city-wide average assessed value so much higher ($390k)?
The city-wide average includes all home types and sizes across Winnipeg. This property’s assessed value is much more aligned with averages in the Minto area ($25.5k) and on Strathcona Street ($24.9k), reflecting its specific market segment.