Property Overview & Key Characteristics
This home at 2 Weeping Willow Drive is a practical, no-frills property that offers value through its lot size and location within a well-established neighbourhood. Built in 1972, its 988 sqft living space is modest, ranking below the average for both the Minnetonka area and Winnipeg overall. However, it sits on a 7,027 sqft lot, which is notably larger than the typical city-wide lot, offering valuable outdoor space or future potential. The assessed value is positioned below average for its immediate street and area, but is around the middle of the pack city-wide, suggesting a competitively priced entry point into the market.
Its primary appeal lies in being an affordable single-family home with a generous yard in a mature neighbourhood. It suits first-time buyers, downsizers, or investors seeking a property with solid fundamentals without premium finishes. A thoughtful perspective is that while the house itself may require updates common for its age, the lot represents a significant portion of the asset's value—a feature that is increasingly scarce. It’s a property for those who prioritize land and location over square footage, viewing the home itself as a canvas for gradual improvement.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (listed as $36,800) is for municipal tax purposes. Market value, or what a buyer might pay, is determined by current market conditions and can be significantly higher, as indicated by the home's prior sale in the $250k-$300k range.
2. The living area seems small. How does the layout function?
At 988 sqft, the home is compact. Buyers should consider if the layout is efficiently designed for their needs, such as an open-concept main floor or defined rooms. Viewing the property in person or requesting a floor plan is essential to understand the flow and usability of the space.
3. What does the "above average" city-wide rank for Land Area mean practically?
It means the lot is larger than approximately 83% of properties in Winnipeg. This translates to more private outdoor space, greater distance from neighbours, and potential for additions, gardening, or storage—a key advantage over newer subdivisions with smaller lots.
4. As a home built in 1972, what major systems might need attention?
Prospective buyers should budget for or investigate the age and condition of major components common to homes of this era, including the roof, windows, plumbing, electrical system, and heating. A thorough home inspection is strongly recommended.
5. How can I find out the exact past sale price?
The exact sold price history is not publicly displayed in detail. As noted on the listing, you can provide your email to the service to request the accurate sold price information, which they provide manually without using your email for marketing.