Property Overview
15 Minnetonka Street presents a practical, mid-century home built in 1973. With 1,129 square feet of living space, its size is quite typical for the immediate street and slightly below the average for the broader Minnetonka area. The lot, at just over 5,000 square feet, is modest compared to many neighbours, which may appeal to those seeking lower outdoor maintenance. A key characteristic is its assessed value, which is notably lower than most comparable homes on its street and in the neighbourhood, yet aligns more closely with the Winnipeg city-wide average. This suggests a potentially accessible entry point into the area. The home last sold between $300,000 and $350,000 in 2022.
Its appeal lies in its position as a competitively priced, average-sized home in a well-established neighbourhood. It suits first-time buyers or practical downsizers looking for a straightforward property without a premium lot size. A thoughtful perspective is that its lower assessment relative to the immediate area could indicate an opportunity for value growth through updates, or it may simply reflect the home’s specific condition and features. It’s a property for buyers focused on fundamentals and location over size or a large yard.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (currently $33,200) is used for calculating property taxes. The market value—what a buyer would pay—is determined by current market conditions and is typically much higher, as indicated by the 2022 sale price between $300,000 and $350,000.
2. How does the lot size compare to others?
At 5,282 sq. ft., the lot is smaller than most on Minnetonka Street and in the Minnetonka area. City-wide, however, it is close to the average. This means less yard maintenance but also less private outdoor space than many neighbouring properties.
3. What does the "Top X%" ranking mean for each feature?
It shows how this property compares to a group of peers. For example, a "Top 88%" rank for Assessed Value on its street means its value is in the bottom 12% of the 42 homes compared—it’s lower than most. A rank around 50% means it is near the middle of the group.
4. When was it last sold and for how much?
The home was sold in 2022. The publicly available price range is between $300,000 and $350,000. The exact sale price is available upon request from the listing service.
5. Is a 1973-built home likely to need major updates?
Being over 50 years old, some systems (like roofing, plumbing, or windows) may be due for inspection or replacement depending on their upkeep history. This is typical for homes of this era and should be factored into budgeting, but it also means the home is situated in a mature, stable neighbourhood.