Property Overview: 113 Greendell Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a classic Winnipeg profile with distinct practical advantages. Built in 1947, it is a well-established property in the Minnetonka area. Its key feature is a generous 8,196 sqft lot, which ranks in the top 30% locally and the top 11% city-wide, offering significant outdoor space uncommon in many newer developments. The living area of 1,056 sqft is modest, placing it below the average for its immediate street but around the city-wide average, suggesting a efficient, manageable footprint.
The appeal lies in this balance: a smaller, maintainable home on a large, versatile lot. It suits buyers looking for value in land potential rather than finished square footage—ideal for gardeners, those wanting room for additions or outbuildings, or simply preferring more private outdoor space. Its assessed value is proportionally lower than the city-wide average for homes, indicating a potentially accessible entry point into the neighbourhood. This property would fit a first-time buyer, a downsizer seeking yard space, or a value-oriented investor attracted by the lot size, who is comfortable with a home from the 1940s and its associated maintenance considerations.
Frequently Asked Questions
1. How does the home's age affect its condition and value?
Constructed in 1947, the home is older than most in Minnetonka (ranking in the bottom 7% locally for year built). This typically means potential for character but also necessitates careful attention to foundational, mechanical, and insulation updates. The assessed value reflects this, being around average for the street but below the broader city average.
2. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is a standout feature, well above area and city averages. This could provide room for additions, a garage, or landscaping projects, subject to local zoning and permit regulations. It's a long-term asset that may not be fully reflected in the current home valuation.
3. How does the sold price history inform the current value?
The property sold between CA$350k–400k in 2021. Comparing this to the current assessed value of $38.70k (which is for tax purposes and not market value) is not directly meaningful. The historical sale price is more useful to see past market activity, but a current appraisal or comparative market analysis is needed for today's value.
4. What does the "ranking" data actually tell me?
The rankings compare this property against similar homes on its street, in Minnetonka, and across Winnipeg. For example, living area is below average for the street but around average city-wide, while the lot size is significantly above average city-wide. This helps you understand the property's specific strengths and trade-offs within different contexts.
5. Where can I see more details about the neighbourhood and nearby properties?
You can use the provided link to "Open neighbourhood map analysis" to view this home on a map alongside nearby houses, comparing details like year built, lot size, and assessed value directly. This gives a clearer visual context for how it fits into the immediate area.