Property Overview & Appeal
This home at 28 Minnetonka Street presents as a practical, mid-century property built in 1972. Its key characteristics are its modest scale and below-average municipal assessment. With 1,032 sqft of living space and a 5,657 sqft lot, it is consistently smaller than both neighbourhood and city averages, positioning it as a more compact offering. The appeal here is largely grounded in value and potential. Its assessed value is notably lower than many comparable homes in the immediate area, which could translate into a relatively affordable entry point into the Minnetonka neighbourhood. Recent sale history shows steady price appreciation.
This property would suit first-time buyers or downsizers looking for a manageable footprint without a premium lot size. It’s also a candidate for value-conscious investors or buyers comfortable with a home that may require updates, given its age and below-average metrics for size and value within its specific street and neighbourhood context. A thoughtful perspective is that its smaller scale and lot could mean lower maintenance costs and taxes, offering a simpler, more efficient lifestyle.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The data suggests it is. The home’s assessed value ranks in the bottom quarter (74%) on Minnetonka Street itself, meaning it’s assessed lower than most of its direct neighbours. This can indicate a potentially lower purchase price relative to nearby homes.
2. How does the lot size affect the property?
At 5,657 sqft, the lot is below the average for the Minnetonka area. This means less yard to maintain, which some buyers may prefer, but it also offers less private outdoor space than many surrounding properties.
3. What does the sale history tell us?
The home sold in 2021 and again in 2024, with the price range increasing from the $300k-$350k bracket to the $350k-$400k bracket. This indicates a rising market value over a three-year period.
4. Why is the city-wide assessed value average so much higher?
The city-wide average assessed value shown ($390k) includes all property types and sizes across Winnipeg. The more relevant comparison is the "Same area" average ($45.80k for assessment), where this home is still below average, reinforcing its position as a lower-assessed property in its own neighbourhood.
5. How can I find out the exact past sale prices?
The exact sold prices are not publicly displayed. The listing service offers to provide them manually via email request, promising to reply by the end of the same day without using your email for unsolicited marketing.