Property Overview: 11 Minnetonka Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a specific value proposition centered on its lot and location rather than its size. Built in 1972, it's a modest 864 sqft bungalow, which is notably smaller than most homes on its street and in the wider Minnetonka area. However, it sits on a decent 5,481 sqft lot that is more in line with city-wide averages. The assessed value of $390k is consistently around the average mark whether compared to the immediate street, neighbourhood, or entire city.
The primary appeal lies in its efficient use of space and the potential of the property. It suits a buyer looking for an entry point into a stable neighbourhood without a premium for square footage they may not need. This could be ideal for a first-time homebuyer, a downsizer, or an investor seeking a manageable property with a good land-to-building ratio. The historical sale data suggests steady appreciation, with the 2021 sale price ranking in the top 11% on its street, indicating strong demand for homes on this block. A thoughtful perspective is that this property offers the benefits of a established community without paying for excess interior space, allowing resources to be directed toward customization, savings, or the yard.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 864 sqft, the living area is below average for the area. It's best suited for individuals, couples, or small families comfortable with a compact, efficient layout. The value here is more in the land and location than in expansive interior space.
2. How does the assessed value relate to the likely selling price?
The assessed value of $390k is for municipal tax purposes. The last known sale in 2021 was in the $400k-$450k range. Market conditions, property updates, and demand will determine the final sale price, but the assessment provides a consistent baseline for comparison.
3. What is the neighbourhood like?
Minnetonka is an established neighbourhood with homes primarily from the 1970s. The data shows 11 Minnetonka Street is typical for its street in terms of age and value, suggesting a consistent, mature streetscape without extreme outliers.
4. What are the advantages of the lot size?
At 5,481 sqft, the lot is larger than many city-wide properties and offers average dimensions for the street. This provides good outdoor space for gardening, recreation, or future expansion, which is a key asset given the home's smaller footprint.
5. How can I find out the exact past sale prices?
The provided sale prices are estimated ranges from public data. The listing service offers to provide the exact historical sale prices via a manual email request, at no cost and without marketing spam, typically by the end of the same business day.