Property Overview: 40 Greendell Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 40 Greendell Avenue in Minnetonka presents a balanced offering centered on its generous lot. Built in 1961, the 1,150 sqft living space is modest and typical for the immediate street and area. The true standout feature is the 11,099 sqft land parcel, which ranks within the top 12% of lots in Minnetonka and an elite top 5% city-wide. This offers significant outdoor space that is increasingly rare.
The appeal lies in this land potential. While the house itself is of average size and age for the neighbourhood, the large lot provides room for gardening, expansion, or future redevelopment, offering a tangible asset beyond the living space. The property’s assessed value is positioned in the middle range locally, suggesting a stable, established setting without a premium price tag for the location.
This property would suit a practical buyer who values space and potential over immediate turn-key perfection. It’s ideal for someone with a vision for outdoor living, interested in gradual upgrades, or looking for a home where the land itself represents a long-term investment. It may also appeal to those seeking a foothold in a mature neighbourhood without the premium typically attached to newer or fully renovated homes.
Section 2: Frequently Asked Questions
1. How does the large lot size impact property value?
While the house is average for the area, the lot size is a significant asset. It provides flexibility for expansion, landscaping, or future use, which can enhance resale value and appeal to buyers seeking space that is hard to find in many city neighbourhoods.
2. Is the 1961 build date a concern?
The home is slightly older than the Minnetonka area average. This typically means prospective buyers should budget for expected maintenance and updates common to homes of this era, but it also places the property in a well-established, stable part of the community.
3. What does the "around average" ranking for living area mean for daily life?
With 1,150 sqft, the living space is functionally adequate for a small family or couple. It is not expansive, but it is in line with many other homes on the street, indicating the neighbourhood consists of similarly scaled properties.
4. How does the sold price history inform the current value?
The property sold between $350k-$400k in 2023. This recent sale provides a concrete market benchmark, showing value growth relative to its assessed value and indicating active buyer interest in the area at that price point.
5. Who are the most likely neighbours or comparable buyers?
Given the metrics, the immediate neighbours likely own homes of similar vintage and scale. The most interested new buyers will probably be those who notice the lot size advantage and are comfortable with a home that may require personalization, rather than buyers seeking a modern, large interior on a standard lot.