Property Overview
112 Minnetonka Street presents a well-proportioned, single-family home built in 1975. With 1,192 square feet of living space on a 5,956 sqft lot, its key metrics consistently place it around the average for its immediate street, the broader Minnetonka area, and Winnipeg as a whole. This isn't a standout outlier in size or assessed value, but rather a stable and typical offering for its locale. Its appeal lies in this very predictability—it’s a known quantity in a settled neighbourhood. The home last sold between $300k-$350k in 2021.
This property would suit pragmatic, value-conscious buyers such as first-time homeowners or investors looking for a straightforward entry into the Winnipeg market. It’s for those who prioritize a established community character over a brand-new build, and who see the value in a home that performs steadily against local benchmarks rather than one that promises dramatic appreciation or luxury.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
The data suggests it is very much in line with its neighbours. Its assessed value and living area both rank in the top 36-38% on Minnetonka Street, meaning they are slightly above the street's average. It represents a typical, middle-of-the-road value for this specific location.
2. How does the lot size impact potential?
At just under 6,000 sqft, the lot is smaller than the average for both the street and the area. This could be a consideration if expansion, like a large addition or garage, is a future goal. However, it also means less yard maintenance, which some buyers may prefer.
3. What does the 1975 build year imply for maintenance?
Built 51 years ago, this home is newer than many on its street. While it will likely require updates common to its era (windows, roofing, mechanical systems), its above-average rank for year built on the street suggests it may have a slight edge over immediate neighbours in terms of modern construction standards or potential wear-and-tear.
4. Why is there a range for the 2021 sold price, and how do I get the exact figure?
The listed sold price range is based on publicly available data. To protect precise transaction details and ensure accuracy, the exact sale price is provided manually upon request via email, a common practice to verify data against official records.
5. How stable has the property's value been?
The home’s assessed value ($40.10k for tax purposes) and its previous sale price range position it consistently in the middle tiers across all comparison levels—street, area, and city. This indicates a history of stable, market-average valuation without extreme fluctuations.