Property Overview: 853 Strathcona Street, Winnipeg
Key Characteristics & Appeal
This 845 sqft home, built in 1962, presents a practical opportunity in Winnipeg's Minto neighbourhood. Its key appeal lies in its relative modernity within a historic context; it ranks among the top 5% newest homes on its street, where the average home was built in 1932. This suggests potentially fewer immediate concerns with outdated infrastructure compared to its immediate neighbours.
The home sits on a 2,555 sqft lot, which is more compact than most in the city but is fairly typical for the local area. The living space is modest and slightly below the city-wide average, positioning it as a manageable, low-maintenance property. Its assessed value is significantly below the Winnipeg average, indicating a very accessible price point for the market.
This property would best suit first-time buyers or practical investors seeking an entry into the market with a home that is newer than most in its immediate vicinity. It’s also a fit for those who prioritize a simpler, more contained yard and prefer a home that may have seen updates over the decades, avoiding some of the major renewal projects common with century-old houses.
Frequently Asked Questions
1. How does the 1962 build year affect this home?
While not new, a 1962 construction is notably more recent than the average 1930s-built home on this street. This can be an advantage, potentially meaning updated electrical, plumbing, or insulation compared to much older neighbours, but a thorough inspection is still essential.
2. The assessed value seems low. What does that mean?
The assessed value is for municipal tax purposes and is not the market price. Its low assessment relative to the city-wide average reflects the home's modest size and the neighbourhood's character. The last known sale was between $250k-$300k in 2021, which is a more relevant market indicator.
3. Is the lot size a limitation?
At 2,555 sqft, the yard is smaller than the Winnipeg average but is common for Minto. It offers enough space for a patio or garden without demanding extensive upkeep, which can be a positive for buyers seeking a lower-maintenance outdoor area.
4. What does the "Elite" ranking for Year Built actually indicate?
This statistic means the home is newer than 95% of the 361 comparable properties on Strathcona Street. It highlights that this is one of the more modern structures on a street dominated by homes built 30+ years earlier.
5. Where can I see more context about this specific location?
You can open the neighbourhood analysis page to view this property on a map alongside nearby houses, allowing for a direct visual comparison of year built, lot size, and other metrics with its immediate neighbours.