Property Overview
This home at 46 St Germain Street presents a specific value proposition centered on its generous lot and established neighborhood. Built in 1974, the 1,204 sqft house sits on a notably large 7,848 sqft parcel of land. Its appeal lies in this land-to-structure ratio, offering ample outdoor space that is increasingly rare, especially within the city where its lot size ranks in the top 12%. While the living area is modest compared to immediate neighbors, the property maintains an assessed value in line with local averages.
It would suit a buyer who prioritizes yard space for gardening, recreation, or future expansion over a large existing footprint. It's also a practical fit for those comfortable with a home from the 1970s, likely appreciating its established community in Minnetonka without the premium for a newer build. The stable sales history suggests a reliable, unflashy investment in a mature area.
Frequently Asked Questions
1. Is the house smaller than others on the street?
Yes. The living area of 1,204 sqft is below the street average, ranking 22nd out of 24 homes on St Germain Street for size.
2. What is the standout feature of this property?
The lot size. At nearly 7,850 sqft, the land area is significantly above averages for both the street and the entire city, offering substantial outdoor space.
3. How does its value compare to the area?
Its assessed value is consistently around the average for its immediate street, the broader Minnetonka area, and Winnipeg, indicating it is priced in line with market norms for its type.
4. Has the property value been stable?
Based on available sold price ranges, it appears to have held value between 2018 and 2021, transacting within the same price bracket during that period.
5. What is a less obvious consideration?
The "above average" ranking for its year built on the street suggests it is one of the newer homes in that specific row, which may imply slightly more modern infrastructure or materials than some direct neighbors, even though it's over 50 years old.