111 Fernleaf Drive

Property Overview

111 Fernleaf Drive presents a well-maintained home built in 1975, offering a practical footprint in the Minnetonka neighbourhood. Its key appeal lies in its relative value and established location. With 1,256 square feet of living space, it feels more spacious than many direct neighbours' homes, ranking in the top 29% on its street. The lot, at 5,502 square feet, is manageable and typical for the wider city, though smaller than many in the immediate area. A notable point is its assessed value of $370k, which sits below the average for both the street and the Minnetonka area, potentially indicating room for equity growth or a value-oriented entry point. The home last sold for an estimated $400k-$450k in 2024, performing well against area averages.

This property would suit first-time buyers or downsizers looking for a move-in-ready home in a mature neighbourhood without a premium price tag. It’s also a sensible choice for value-focused investors or buyers who prioritize interior space over a large yard. A less obvious perspective is that its "below average" assessment on the street could be an opportunity, suggesting the home is not overvalued relative to its neighbours, which can be a stable foundation for future value.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,256 sqft, the living area is above average for Fernleaf Drive itself, offering more interior space than most direct neighbours. It's very close to the city-wide average, making it a standard-sized home for Winnipeg.

2. Why is the assessed value lower than many neighbours?
The assessed value of $370k ranks in the lower tier for both the street and Minnetonka area. This can be due to a variety of factors like specific lot characteristics, updates, or the municipal assessment model. It doesn't necessarily reflect the market sale price, as seen in its 2024 sale.

3. What does the "Elite" ranking for Year Built mean?
Being in the top 3% for year built on its street simply means it is one of the newest homes on Fernleaf Drive, as it was built in 1975. Most homes on the street are older. It is, however, right around the average build year for the broader area and city.

4. Is the lot size a disadvantage?
The lot is smaller than many in the Minnetonka area, which could matter if you desire extensive outdoor space. However, at over 5,500 sqft, it is near the city-wide average and is likely sufficient for a patio, garden, and play area, with less maintenance.

5. How can I find out the exact past sale price?
The exact sold price history is not publicly displayed. You can request it by email via the button on the listing page. The service provides accurate figures manually and does not use your email for unsolicited marketing.