Property Overview: 2 McNulty Crescent, Winnipeg
Key Characteristics & Appeal
This home at 2 McNulty Crescent presents a distinct value proposition within the Minnetonka neighbourhood. Built in 1981, it is a 1,260 sqft bungalow situated on a notably generous 6,944 sqft lot. The key appeal lies in its balance of a modest, manageable home on a larger-than-average city lot, offering significant outdoor space and potential. Its assessed value of $48.9k is well above average for both the local area and Winnipeg overall, which often indicates a solid foundation for municipal valuation, though it's important to note this is not a market price.
The property suits practical buyers looking for space and potential over immediate turn-key size. It’s ideal for first-time homeowners comfortable with a smaller living footprint who prioritize a large yard for gardening, pets, or future expansion. It could also appeal to downsizers seeking single-level living without sacrificing outdoor privacy. A thoughtful perspective is that while the home's living area is among the smallest on its street, this positions it as a more affordable entry point into a mature neighbourhood, with the lot size offering a tangible asset that many newer subdivisions lack.
Frequently Asked Questions
1. Is the house particularly small?
Yes. At 1,260 sqft, the living area is below average for McNulty Crescent and is a compact bungalow layout. However, it is close to the average size for homes across Winnipeg, making it a manageable space for smaller households.
2. Why is the assessed value so low compared to the last sold price?
The assessed value ($48.9k) is for municipal tax purposes only and is not an indicator of market value. The last recorded sale was between $400k-$450k in 2021, which is the relevant figure for understanding its market price.
3. What does the large lot size mean for me?
The 6,944 sqft lot is a standout feature, ranking in the top 17% citywide. This provides ample yard space, greater distance from neighbours, and potential for additions, landscaping, or outdoor living features that wouldn’t be possible on a standard lot.
4. How does this property compare to others in Minnetonka?
It’s a study in contrasts. While its living space and age are around the neighbourhood average, its assessed value is in the top 25% for the area, and its lot size is also above average. This suggests you are paying a premium for the land and location within Minnetonka, rather than for a large house.
5. Where can I see more context about the immediate area?
You can use the provided link to open a detailed neighbourhood map analysis. This tool visually compares this home to nearby properties based on year built, living area, assessed value, and lot size.