142 Darwin Street

Property Overview: 142 Darwin Street, Winnipeg

Key Characteristics & Appeal

This home presents a distinct value proposition centered on its generous lot. Built in 1971, the 720 sqft house is notably compact, ranking well below average in living space for its street, neighborhood, and city. This is reflected in its assessed value, which is below average for the immediate area but aligns closely with the city-wide median.

The primary asset is the 7,271 sqft land parcel, which is significantly larger than most lots on Darwin Street and ranks above average city-wide. This creates a clear contrast: a modest, efficiently sized home on a substantial, private lot.

Its appeal lies in low-maintenance living with outdoor potential. It suits first-time buyers seeking an affordable entry point, downsizers looking to reduce indoor upkeep without sacrificing yard space, or investors interested in the land value. The property offers a "blank canvas" opportunity—the value is in the land and the possibility it holds, whether for gardening, expansion, or future redevelopment, rather than in its current interior footprint.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average for comparable homes?
The "city-wide comparable" average of $390k appears to be a data discrepancy or includes very different property types. A more relevant figure is the Minnetonka neighborhood average of about $45.8k, against which this home is assessed at $35.5k. The lower assessment is consistent with the home's smaller-than-average size for the area.

2. Is the small living area a concern?
It depends on your needs. The 720 sqft layout requires efficient use of space and is best for individuals, couples, or those comfortable with compact living. The trade-off is the disproportionately large yard, which effectively extends your living space outdoors for much of the year.

3. What does the lot size ranking mean for me?
Ranking in the top 7% for lot size on its street means you get more private outdoor space than almost all of your direct neighbors. This is a rare find in established neighborhoods and offers potential for additions, a large garden, or simply more distance from adjacent homes.

4. How reliable is the sold price history shown?
The listed sale range (CA$300k–350k in 2021) is based on public data. For the exact sale price to inform your offer, you must request it directly via the provided email service, as this information is manually verified and not publicly disclosed in full detail.

5. What are the less obvious considerations with a property like this?
Focus on the balance between house and land. While updates to a 55-year-old home are likely, the large lot is a permanent asset that can offset renovation costs. Also, the below-average assessment for the neighborhood could be a positive for property taxes, but always confirm with an official estimate.