Property Overview: 851 Lanark Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home on Lanark Street in the Mathers neighborhood presents a compelling blend of space, value, and established character. Built in 1958, it is notably newer than many homes on its street and in the immediate area, which often suggests updated infrastructure or materials. With 1,392 sqft of living space, it offers more room than the typical home in both Mathers and on Lanark Street itself, providing above-average interior space for the location.

The appeal lies in its strong positional value. The assessed value sits consistently in the top 20% when compared to homes on its street, in Mathers, and across Winnipeg, indicating that official valuations recognize its worth relative to peers. This, combined with its generous lot size of over 5,500 sqft, offers a solid foundation in a mature neighborhood. It would suit a practical buyer looking for a home that stands out positively in its immediate context—someone who values more modern construction (for the area), extra living space, and a large yard without venturing into brand-new subdivisions. It’s a property for those who appreciate an established community and see the inherent value in a home that metrics show is a top-tier performer on its own block.

Section 2: Frequently Asked Questions

1. What does the assessed value tell me about the property tax?
The assessed value of $50,900 is used to calculate your property taxes. While it is above average for the area, Winnipeg’s mill rate would be applied to this figure. You can estimate taxes by multiplying the assessed value by the current residential mill rate.

2. The home was last sold between 2017-2025 for an estimated $350k-$400k. Why is the assessed value so much lower?
In Manitoba, the assessed value for tax purposes is not intended to reflect current market value. It is a relative valuation used to ensure fair tax distribution among properties and is typically significantly lower than actual sale prices.

3. How does the 1958 build year compare, and what might it imply?
Being built in 1958 makes this home newer than the average house on Lanark Street (avg. 1946) and in Mathers (avg. 1958). This can be an advantage, potentially meaning fewer issues with very aged plumbing, electrical, or foundations common in pre-war homes, though a full inspection is still essential.

4. What can the "neighbourhood analysis page" show me?
This interactive map tool allows you to visually compare this property with nearby houses on key metrics like year built, lot size, and assessed value. It helps you understand the property’s context, like whether it’s surrounded by similar or much older homes.

5. How do I find out the exact historical sale price?
The exact sold price is not publicly displayed. As noted, you can provide your email address to request it from the site administrators. They manually provide the accurate figure via email, typically by the end of the same business day.