247 Avalon Road

Property Overview & Key Characteristics

This home at 247 Avalon Road stands out for its substantial lot size and modern age within its context. Built in 2003, it is a newer construction compared to most homes on its street and in the wider Minnetonka area, which typically date to the early 1970s. The 1,660 sqft living area is comfortably above average for the immediate neighbourhood. However, the most distinctive feature is the land itself—at over 20,500 sqft, the lot is exceptionally large, ranking in the top 3% of the local area and the top 1% city-wide. This is paired with a notably high assessed value relative to nearby properties.

The appeal lies in this unique combination: a modern, low-maintenance home on a private, expansive parcel of land that is increasingly rare in the city. It suits buyers looking for space, privacy, and the potential for gardens, recreation, or future additions without the upkeep of an older home. It would also appeal to a value-conscious buyer who understands that the assessed value suggests significant appreciation and desirable attributes compared to neighbouring properties.

Frequently Asked Questions

1. Why is the assessed value so much higher than the neighbourhood average?
The assessed value reflects key desirable metrics: a much newer construction date and a significantly larger lot size than surrounding properties. These are major factors in property valuation, placing this home in an elite tier for the area.

2. What does the large land area practically offer?
Beyond privacy, a lot of this size (nearly half an acre) provides ample space for gardening, outdoor living, and recreational activities. It also offers potential for future developments like a shed, workshop, or addition, subject to local bylaws.

3. The home last sold between 2021-2025. Is the price trend available?
Exact historical sold prices are provided upon request via email to ensure accuracy. The public data shows it sold in the CA$450k-$500k range in 2021.

4. How does the living space compare to the lot size?
With 1,660 sqft of living area on a 20,515 sqft lot, the home has a relatively low footprint. This creates a balanced feel—offering modern, efficient living space while maximizing the usable outdoor area, which is a distinct advantage over more densely built properties.

5. Is a 2003-built home considered "new" in this area?
Yes. With most comparable homes in Minnetonka built around 1971-1975, a 2003 build date is a significant differentiator. It typically suggests newer building materials, modern layouts, and potentially lower immediate costs for major system updates.