Property Overview & Key Characteristics
This home at 173 Woodlawn Avenue presents a specific value proposition centered on its generous lot. Built in 1951, the 954 sqft living area is notably below average for the street, neighbourhood, and city, suggesting a compact, efficient layout. The assessed value is around average for the street and city but below average for the wider Minnetonka area. The primary standout feature is the 9,756 sqft land area, which ranks in the top 21% on the street, top 20% in Minnetonka, and top 7% city-wide, offering significantly more outdoor space than most comparable properties.
Its appeal lies in a "land-first" opportunity. It suits a buyer who prioritizes private outdoor space for gardening, recreation, or future expansion over a large existing footprint. It could be ideal for a downsizer seeking a manageable home with a spacious yard, a hands-on buyer interested in a renovation or addition project where the lot size permits, or a value-oriented purchaser looking in Minnetonka who sees more potential in land than in finished square footage. The home last sold between CA$300k–350k in 2021.
Frequently Asked Questions
1. Is the house in need of major updates?
Given its 1951 build date, which is older than most homes in Minnetonka, buyers should budget for updates. The systems, roof, and windows may be at or beyond their typical lifespan, and the interior likely reflects older styles.
2. How does the lot size compare to nearby properties?
The lot is a key asset. At nearly 10,000 sqft, it is substantially larger than the average lot on Woodlawn Avenue (approx. 7,100 sqft) and the city-wide average (approx. 6,570 sqft), offering rare space for the area.
3. What does the below-average living area mean practically?
With 954 sqft, the home is about 400 sqft smaller than the average on its own street. This indicates a cozy layout, likely with fewer or smaller rooms. It emphasizes efficient use of space rather than spaciousness.
4. Why is the assessed value lower than the neighbourhood average?
The assessed value of $37,100k is below the Minnetonka average of $45,800k, likely reflecting the home's smaller size and older age relative to others in the area. It suggests a potentially lower property tax base compared to neighbouring homes.
5. Can I find out the exact past sale price?
The public data shows a sale price range of CA$300k–350k for 2021. The exact sale price is available by request from the listing service, which provides it manually via email.