Property Overview: 11 Fernleaf Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 11 Fernleaf Drive in Minnetonka is a practical, mid-century property that offers value within a mature neighbourhood. Built in 1973, its key characteristic is its relative affordability and manageable scale, positioned within a market of typically larger homes. With 1,040 sqft of living space, it is notably more compact than many homes on its own street and in the Minnetonka area, suggesting a more efficient and potentially easier-to-maintain footprint. The assessed value of $400k is consistently around the average when compared locally and city-wide.
The appeal lies in its position as a potential entry point into a stable area. For the right buyer, the smaller size compared to neighbours isn't just a compromise—it can mean lower utility costs, less upkeep, and a cozier layout. The lot size of 5,772 sqft is fairly standard city-wide but is below average for Minnetonka, which may appeal to those who prefer a smaller yard to manage. This property would best suit first-time homebuyers, downsizers looking to stay in the area, or pragmatic investors seeking a straightforward rental property in a well-established community. It represents a chance to own a home with solid fundamentals, without the premium often attached to larger floor plans or extensive lots in the vicinity.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 1,040 sqft, the living area is below the average for both Fernleaf Drive and the broader Minnetonka neighbourhood. This indicates it is one of the more compact homes in the area, which is reflected in its pricing.
2. Is the assessed value in line with recent sale prices?
The current assessed value is $400k. The home sold in 2023 for a public price range of $400k–$450k, suggesting the assessment is anchored to that recent market transaction.
3. What does the "below average" year built ranking mean?
Built in 1973, it is older than 90% of the homes on Fernleaf Drive (rank 28 out of 31). This means most houses on the street are newer, but it is very close to the average build year for both the area and the entire city.
4. How is the lot size, and what does it mean for me?
The 5,772 sqft lot is around average for the street but below average for Minnetonka. This typically means a smaller yard than many in the immediate area, which translates to less maintenance but also less private outdoor space.
5. Where can I get the exact historical sale price?
The provider offers to supply the exact sold price (as opposed to the published range) via email upon request, stating they handle these requests manually and will not use the contact for unsolicited marketing.