Property Overview: 31 Warrendale Place, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,072 sqft bungalow, built in 1977, presents a practical and affordable entry point into Winnipeg’s Minnetonka neighborhood. Its key appeal lies in its value proposition. The home sits on a manageable 5,691 sqft lot and has a notably low assessed value compared to its immediate area, suggesting a potentially lower property tax burden and an opportunity for buyers focused on fundamentals over premium finishes.
The data reveals a nuanced picture. While it is the smallest home on its street, its size is much more aligned with the city-wide average, making it a typically scaled property in a broader context. Its construction year is actually newer than many homes in the local area, which could imply relatively modern infrastructure. This property would best suit first-time buyers, downsizers, or value-focused investors looking for a home with solid basics in an established neighborhood. Its appeal is for those who see potential in a modest footprint and prioritize financial efficiency, viewing the below-average metrics on its specific street not as a drawback, but as a reflection of its accessible price point in a desirable location.
Section 2: Frequently Asked Questions
1. Is the low assessed value a red flag?
Not necessarily. A lower assessed value typically leads to lower property taxes, which is a financial advantage. It generally reflects the home’s modest size and value relative to neighboring properties, not necessarily its condition.
2. How does the home’s size feel in practice?
At 1,072 sqft, it is compact but comparable to many average-sized homes across Winnipeg. It’s likely best for individuals, couples, or small families comfortable with efficient living spaces, rather than those needing extensive room.
3. What does the sold price history indicate?
The home sold between $300k-$350k in 2023. This recent sale provides a concrete market benchmark, showing it transacted at a price point well below the city-wide average assessed value, highlighting its affordability.
4. Are the lots on this street typically larger?
Yes. The lot is smaller than others on Warrendale Place, but is close to the city-wide average. This means less yard maintenance, which can be a positive for those seeking a low-maintenance property.
5. The home is 49 years old. What should I consider?
While older, it was built more recently than many in Minnetonka. A standard pre-purchase home inspection is essential to evaluate the condition of major aging components like the roof, windows, and mechanical systems common to homes of this era.