Property Overview: 627 Centennial Street, Winnipeg

Key Characteristics & Appeal

This one-storey home on a standard-sized lot in J.B. Mitchell presents a practical and well-positioned opportunity. Its key appeal lies in its balance of space, recent updates, and strong relative value within its immediate area. With 1,100 sqft of living space, it sits comfortably around the neighbourhood average, but its renovated basement adds functional space. The home was built in 1958, which is notably newer than many in the J.B. Mitchell area, potentially suggesting fewer concerns related to the very oldest building systems. A detached garage offers flexible storage or workshop potential.

The data reveals a thoughtful perspective: while the home’s size is average for the street, its assessed value ranks in the top 30% on Centennial Street. This suggests it may offer better finishes, condition, or lot appeal than many direct neighbours. It last sold in mid-2020, providing a relatively recent market price point for comparison. This property would suit first-time buyers seeking a move-in-ready home with a modernized basement, or practical investors looking for a solid, maintained asset in a stable neighbourhood. Its appeal is grounded in being a competitively strong offering on its specific street rather than standing out for sheer size or newness city-wide.

Frequently Asked Questions

1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the quality of the finish, ceiling height, permits, and whether it includes a secondary living space, bathroom, or simply updated rec room.

2. How does the assessed value relate to the likely selling price?
The assessed value is $41,500 for tax purposes. The last sold price in June 2020 was between $33.5k and $36.5k. Market conditions have changed since then, so the current selling price will be determined by recent comparable sales and buyer demand, not the tax assessment.

3. The home is newer than many on the street. Does that mean fewer issues?
While a 1958 build is newer than the area average, it is still a 68-year-old home. Key systems like plumbing, electrical, and the roof will be age-dependent, not just relative to neighbours. A thorough inspection remains essential.

4. What are the advantages of a detached garage?
A detached garage provides flexibility—it can be used as a workshop, studio, or for vehicle storage without concerns about fumes or noise entering the house. It may also offer more potential for future lane-way development, subject to zoning.

5. Can I get the exact historical sale price?
Yes. The exact sold price is not published publicly here to ensure data accuracy. You can request it via email from the listing service, and they provide it manually without using your email for unsolicited marketing.