Property Overview: 230 Strood Avenue, Winnipeg

Key Characteristics & Appeal

This 1983-built home in River East presents a solid, middle-of-the-road offering with a few distinct advantages. Its 1,345 sqft living space is consistently average for the street, neighborhood, and city, suggesting a comfortable, practical layout without extremes. The standout feature is its age; built in 1983, it is notably newer than most homes on its street (ranking in the top 5%), which often translates to updated building standards, newer major systems, and potentially less immediate need for major renovations.

The assessed value of $423k sits above average at all comparison levels, indicating official recognition of its worth relative to peers. The lot size of 6,270 sqft is smaller than typical for Strood Avenue but is actually above the citywide average, offering a manageable yard with less maintenance. The home last sold in April 2022 for an estimated $450k-$500k.

Its appeal lies in its balance and modernity within an established neighborhood. It suits practical buyers—perhaps young families or professionals—who prioritize a move-in-ready home from a more recent construction era over a sprawling lot or oversized square footage. It’s a choice for those seeking a prudent, long-term hold in a mature area without the uncertainties of a much older property.

Frequently Asked Questions

1. Is the above-average assessed value a concern for property taxes?
Not necessarily. The assessment is aligned with recent sale prices in the area and reflects the property’s relative value. Taxes are based on the municipal mill rate applied to this assessment, so while they may be proportionally higher than for a lower-valued home, they are in line with the market valuation.

2. Given the smaller lot size for the street, is there room for expansion like an addition or garage?
The lot is still a good size city-wide. Any expansion would depend on specific setback bylaws and lot coverage rules. It’s advisable to check with the City of Winnipeg’s planning department to understand the specific development potential for this parcel.

3. The home is newer than most on the block. Does that mean it has fewer character or landscaping issues?
Likely yes regarding foundational maturity and mature tree root systems, which can be a concern with older properties. While it may have less established landscaping, it also potentially avoids the invasive root problems or settling issues more common with homes built decades prior.

4. How reliable is the sold price data from 2022?
The provided price range is based on publicly available, non-MLS data. For precise historical transaction figures and a verified sale history, you must request a manual lookup from the site via email, as detailed in the disclaimer.

5. Are the comparable nearby properties (like 238 Strood Ave) good indicators of this home’s value?
They provide context, but key differences matter. For example, the directly neighboring property at 238 Strood is significantly older (1952) and smaller (780 sqft) with a lower assessment. This highlights how 230 Strood’s newer build and larger size justify its higher valuation within the same immediate location.