Property Overview: 140 Minnetonka Street, Winnipeg
Key Characteristics & Appeal
This home at 140 Minnetonka Street presents as a solid, middle-of-the-road property in its community. Built in 1970, it’s a typical home for the area, featuring 1,134 square feet of living space on a 5,861 square foot lot. Its assessed value is notably modest compared to the broader city average, which may indicate a lower property tax burden—a key financial consideration often overlooked.
The appeal lies in its consistency. The home doesn’t stand out as exceptionally large or new, but it holds its own within its immediate street and wider neighbourhood. This reliability can be attractive. It suits pragmatic, value-conscious buyers such as first-time homeowners seeking an affordable entry into the market, or investors looking for a stable rental property without a premium price tag. The lot size, while below the neighbourhood average, is still generous by city-wide standards, offering decent outdoor space. A thoughtful perspective is that a home ranking "around average" in many metrics can represent less volatility and a clearer, more predictable value compared to properties with extreme highs or lows in their data.
Frequently Asked Questions
1. How does the assessed value affect my potential property taxes?
A lower assessed value, like the $36,700 for this home, typically results in a lower municipal property tax bill. It’s advisable to confirm the current mill rate with the city for an accurate estimate.
2. The home was built in 1970. What should I consider regarding its age?
Homes from this era may have original components, like windows, roofing, or major systems, nearing the end of their service life. A thorough inspection is crucial to identify any upcoming maintenance or updates needed for efficiency.
3. The living area is slightly below the neighbourhood average. Is this a significant drawback?
Not necessarily. The difference is marginal (1,134 sqft vs. a 1,177 sqft street average). For many buyers, the efficient use of space and layout is more important than the raw square footage.
4. Why is there a range for the 2019 sold price (CA$300k–350k), and how can I get the exact figure?
The public record often shows a range for privacy. The exact sold price is available by request from the listing service via email, which they provide manually.
5. What do the "Top X%" rankings actually tell me?
These rankings compare this specific property against groups of "comparable homes." For example, its land area is in the "Top 36%" city-wide, meaning its lot is larger than 36% of comparable city properties. It’s a tool for understanding how the home stacks up in different contexts.