Property Overview & Key Characteristics
This home at 315 Avalon Road in Minnetonka presents a compelling blend of space and land. Built in 1975, it offers 1,534 sqft of living area, which is above average for both its immediate street and the wider city. The standout feature is the lot size: at over 12,300 sqft, it ranks in the top 7% of the Minnetonka area and the elite top 3% citywide, offering exceptional outdoor space. Its assessed value is consistent with local averages, and it last sold in the $500k-$550k range in 2024.
The primary appeal lies in its generous, private yard—a rarity that provides room for gardens, recreation, or future expansion. It suits buyers looking for a established neighbourhood home where the land itself is a major asset. It would particularly fit growing families seeking play space, or anyone valuing room to breathe over a brand-new build. A thoughtful perspective is that while the house is of a common size and era for the area, the lot offers a unique value proposition that is increasingly difficult to find, providing a hedge against future densification.
Frequently Asked Questions
How does the lot size compare to typical properties?
The 12,316 sqft lot is significantly larger than average. It ranks in the top 3% of all residential lots in Winnipeg, making it a notably spacious property within the city.
Is the home recently updated?
The provided data does not specify renovations. The year built is 1975, so prospective buyers should inquire about the condition of major systems (roof, windows, HVAC) and any modernizations to the interior.
What does the "Elite – Top 3%" ranking mean for the land?
This statistical ranking means the property's lot size is larger than approximately 97% of comparable residential properties across the entire city, highlighting its scarcity and potential for outdoor use.
The assessed value seems low compared to the recent sale price. Why?
Municipal assessed values for tax purposes often lag behind market sale prices and are calculated using a different methodology. The 2024 sale price of $500k-$550k is the current market indicator.
Who are the closest neighbours?
The home is on a street of similar properties. The direct neighbours at 311 and 321 Avalon Road are within 20 meters, suggesting a typical urban lot layout on this block, though this specific property has more depth.