Property Overview: 918 Strathcona Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 918 Strathcona Street in the Minto neighbourhood presents a distinct profile defined by its historical roots and value proposition. Built in 1911, it is a century-old property with a living area of 1,040 sqft situated on a 3,134 sqft lot. Its key appeal lies in its positioning as an accessible entry point into the market. The home’s assessed value is notably below average for its street, neighbourhood, and the wider city, which often translates to lower property taxes—a significant, ongoing financial consideration. The lot size is competitive for the local area, offering standard outdoor space for the community.
The property would suit practical, value-conscious buyers such as first-time homeowners or investors looking for a lower-cost holding with renovation potential. Its age means it likely appeals to those comfortable with the character and maintenance considerations of an older home, or to buyers viewing it as a foundational project. A less obvious perspective is its potential as a "foot-in-the-door" property in a stable, established area, where the land itself holds long-term value, and the below-average assessment provides a relative financial cushion.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sold price?
Assessed values in Manitoba are set for taxation purposes and often lag behind current market sale prices, which are influenced by recent buyer demand, condition, and upgrades not reflected in the assessment.
2. What does the age of the home (1911) mean for a buyer?
It indicates classic construction and character but necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation. Modernization and maintenance history will be key factors.
3. How does the lot size compare to typical properties?
The lot is around average for Strathcona Street and the Minto area, but below the city-wide average. This is typical for older, central neighbourhoods and provides a standard yard space for the location.
4. The sold price range seems broad. Can I find out the exact figure?
Yes. The listing service provides sold price ranges based on public data. You can request the exact historical sold price by emailing them directly, as noted on the detail page.
5. Is the living space considered small?
At 1,040 sqft, it is slightly above the average for comparable homes on its street and in Minto, but below the average for the entire city. It represents a compact, efficient footprint typical of its era and area.