Property Overview: 788 Centennial Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home on Centennial Street in the Mathers neighborhood presents a compelling blend of space, value, and location. Its key appeal lies in a well-above-average assessed value relative to its immediate street and area, suggesting a property that stands out in its local market. With a living area of 1,045 sqft, the interior space is practical and in line with area norms. However, the standout feature is the generous 5,719 sqft lot, which is significantly larger than most on its street, offering valuable outdoor space and potential.

The home, built in 1957, suits buyers looking for a established character home with room to grow or garden. It particularly appeals to those who prioritize land size over a massive interior footprint. The significant appreciation in value between its 2016 and 2023 sales indicates strong market confidence in the property and area. This property would best suit a value-conscious buyer or young family seeking a solid, grounded home in a mature neighborhood, where the land itself is a major asset. A thoughtful perspective is that while the house size is average, owning a lot that ranks in the top 13% on its street provides a rarity factor that isn't immediately obvious but adds long-term equity and livability.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to its neighbors?
The home’s assessed value of $460k ranks in the top 17% on Centennial Street and top 24% in the broader Mathers area, indicating it is considered more valuable than many comparable nearby properties.

2. What is the lot size, and why is it important?
The lot is 5,719 sqft, which is notably larger than the street average. This provides more private outdoor space, potential for additions or landscaping, and is a key factor in the property’s above-average assessment.

3. When was it last sold, and for how much?
It was sold in 2023 for an estimated price between $450,000 and $500,000. This reflects a substantial increase from its previous sale in the $250k-$300k range in 2016.

4. Is the living space smaller than average?
At 1,045 sqft, the living area is slightly below the Mathers neighborhood average but is very close to the average for Centennial Street itself. It represents a efficient, manageable layout rather than an exceptionally large one.

5. How can I find out the exact historical sale prices?
The provider offers a manual service to email the exact sold price history upon request, as the public data shows estimated ranges. You can submit your email on the listing page to receive the precise figures.