Property Overview
31 Bethray Bay is a 986 sqft bungalow built in 2000, situated on a 5,169 sqft lot in Winnipeg's Minnetonka neighbourhood. Its key appeal lies in its modern build relative to the area, its manageable scale, and its position as a value-conscious entry point into the market.
Key Characteristics & Ideal Buyer
This home presents a specific profile. It is notably compact, with a living area below the average for its immediate street, neighbourhood, and the wider city. This translates to lower utility costs and minimal upkeep, appealing to those seeking simplicity and efficiency. The 2000 build date is a significant advantage, making it newer than most homes in Minnetonka and Winnipeg overall, which suggests potentially fewer immediate major repairs and more contemporary construction standards.
The assessed value is modest, positioning it as one of the more affordable homes on Bethray Bay. This combination of a newer build at a lower price point is its defining characteristic. It would suit a first-time homebuyer, an empty-nester looking to downsize, or an investor seeking a modern, low-maintenance rental property. Its appeal is practical rather than luxurious, offering a turn-key opportunity for those whose priority is a comfortable, newer home without a premium footprint or price tag.
A less obvious perspective is its lot size. While below average for Minnetonka, it is reasonably proportional to the home's size, offering adequate outdoor space without the burden of extensive landscaping. This makes it a "right-sized" property for someone who wants a yard but not the maintenance of a larger lot.
Frequently Asked Questions
1. Why is the living area ranked so low compared to nearby homes?
The home is a compact bungalow. On its own street of 21 homes, it has the smallest living area, which places it in the 100th percentile (meaning all other homes on the street are larger). This is its most defining physical characteristic.
2. How does the 2000 build date affect the home's value?
Being built in 2000 is a strong positive. It ranks in the top 6% for year built in Minnetonka, meaning it is significantly newer than 94% of homes in the neighbourhood. This modern build is a key asset that balances its smaller size.
3. What does the sold price history indicate?
The home sold in 2022 for an estimated CA$450k–500k. This sale price ranked in the top 21% for the area at the time, suggesting buyers have been willing to pay a relative premium, likely for its modern construction despite the smaller square footage.
4. Is the assessed value a reliable indicator of the market price?
The assessed value for tax purposes is $43,200k, which is below the street average. It is not a direct market valuation but indicates a lower tax base. The actual market price is influenced more by recent sales (like the 2022 sale) and current market conditions.
5. How can I get the exact historical sold price?
The precise sale price is not published in the public record. You can request it by email via the listing page; the service provides the accurate figure manually without using your email for marketing spam.