Property Overview: 250 Strood Avenue, Winnipeg

Key Characteristics & Appeal

This 1976 home in River East presents a practical, entry-level opportunity in a mature neighbourhood. At just over 1,000 square feet, the living space is notably compact compared to most homes on its street and in the wider area, suggesting a efficient, manageable layout. Its assessed value of $353k sits below the local street and neighbourhood averages, indicating a potentially accessible price point for the area.

The appeal here is rooted in value and simplicity. The home is newer than most on its block (ranking in the top 18% on Strood Avenue for year built), which may mean fewer immediate concerns with aging infrastructure. The lot size, while smaller than others on the street, is close to the citywide average, offering a balanced outdoor space without excessive maintenance. It would suit first-time buyers seeking a foothold in a stable neighbourhood, downsizers looking to reduce space and upkeep, or pragmatic investors interested in a property with fundamentals that align with broader market averages rather than street-level premiums.

Frequently Asked Questions

1. Is this house significantly smaller than its neighbours?
Yes. The living area ranks below average for the street, neighbourhood, and city. This is the defining characteristic of the property, suggesting a more efficient or modest layout compared to surrounding homes.

2. How does its value compare to nearby recent sales?
Based on the last sale in early 2021 (between $350k-$400k) and the current assessment, its value appears consistent with its historical price. It ranks around the citywide average for assessed value but below the average for Strood Avenue specifically.

3. What are the less obvious considerations with a home like this?
The data suggests a trade-off: you acquire a newer home on the street with a manageable lot, but with less interior space. This could mean lower utility costs and easier upkeep, but also limited room for growth if you need more space later. Its value being below the street average might offer a more affordable entry point, but could also influence future appreciation relative to larger homes on the block.

4. Is the lot size a drawback?
At just under 6,000 sq ft, it is smaller than most lots on Strood Avenue but is near the average for Winnipeg overall. It provides a typical urban yard, which may be preferable for those who want outdoor space without the burden of a very large plot.

5. Where can I get verified sale price history for this property?
The site notes that exact sold price data is not displayed publicly due to industry rules. You can request the exact sales history by emailing the site directly for a manual lookup, which they provide without using your email for marketing.