Property Overview: 849 Strathcona Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 849 Strathcona Street in the Minto neighbourhood is defined by its compact efficiency and its position as a relatively modern property on an established street. Built in 1959, it is notably newer than most immediate neighbours, potentially offering more contemporary construction fundamentals. With 648 square feet of living space, it is a smaller home, ranking in the bottom 6% for size on its street. This creates a specific appeal: it is a manageable, low-maintenance property with proportionally lower property taxes, as reflected in its assessed value of $26,400, which is around the average for Minto.

The appeal lies in its entry-level affordability and simplicity. It suits first-time buyers seeking a foothold in the market, investors looking for a straightforward rental property, or downsizers wanting to minimize upkeep. A thoughtful perspective is that its smaller lot size (2,556 sq ft) is not just a limitation but can be a feature for those who prefer less yard work. Its recent sale history in the $250k-$300k range suggests it operates in a practical, accessible price tier. This isn't a home for those needing space, but rather for those valuing financial efficiency and a modern-for-the-area build date in a mature community.

Section 2: Frequently Asked Questions

1. Is this a small house?
Yes. At 648 sq ft, its living area is significantly below the average for Strathcona Street (~1,015 sq ft), the Minto area (~1,060 sq ft), and Winnipeg overall (~1,342 sq ft).

2. Why is the assessed value so much lower than the city-wide average?
The assessed value of $26,400 is in line with the Minto area average but is far below the city-wide average of ~$390k. This reflects the home's smaller size, the generally more affordable character of the neighbourhood, and the specific valuation for property tax purposes, which differs from market sale price.

3. How does the lot size compare?
The lot is 2,556 sq ft, which is below average for the street, area, and especially the city. This means a smaller yard, which translates to less maintenance.

4. The home was built in 1959. Is that old for this area?
No, it's actually quite new. It ranks in the top 7% for year built on Strathcona Street, where the average home was built around 1932. It is a mid-century home in a primarily early-20th-century neighbourhood.

5. What can recent sale prices tell me?
The home sold in the $250,000-$300,000 range in both 2022 and 2023. This provides a concrete benchmark for its recent market value, placing it in the more affordable tiers city-wide but around a mid-range point for its immediate area.