Property Overview: 78 Metz Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 78 Metz Street presents a solid, middle-of-the-road offering in Winnipeg's Minnetonka neighbourhood. Built in 1973, it is notably newer than many of its immediate neighbours on Metz Street, which can be an advantage for systems and structure. With 1,072 sqft of living space and a 5,746 sqft lot, the property sits around the local average for size. Its assessed value of $39.4k is consistent with the street but sits below the broader city average, potentially indicating a more accessible entry point.
The appeal here is one of practicality and neighbourhood integration. It’s a home that doesn’t stand out dramatically in its metrics, which suggests it fits comfortably within its community context—a potential positive for buyers seeking an established, unpretentious area. The lot size, while smaller than many in the wider Minnetonka area, is still generous by city-wide standards, offering good outdoor space. Recent sale history shows appreciation, with the 2022 sale price ranking in the top tier for the street.
This property would best suit first-time buyers or practical downsizers looking for a manageable, no-surprises home in a stable neighbourhood. It’s for someone who values a newer build date on the block and a decent yard over having above-average square footage. The data suggests a home that is financially accessible and represents a straightforward, grounded investment.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the property taxes?
The assessed value of $39,400 is used for municipal tax calculation. While this value is specific to tax purposes and is typically lower than market value, it provides a baseline for estimating annual property taxes compared to other homes on the street and in the area.
2. The home sold in 2022 and 2017. What does that price history indicate?
The sold price ranges show significant appreciation between 2017 ($300k-$350k) and 2022 ($400k-$450k). This strong performance, especially ranking in the top 7% on its street for the 2022 sale, suggests the property has been a good investment in recent years, though past performance is no guarantee of future results.
3. The lot is noted as "below average" for Minnetonka. How significant is this?
While the 5,746 sqft lot ranks in the bottom 25% for lot size within Minnetonka specifically, it is close to the average for Metz Street itself and is actually near the city-wide average. This means you’re getting a yard size very typical for Winnipeg, but it may be smaller than some larger, older lots in the broader Minnetonka area.
4. The home is "newer" than others on the street. What are the pros and cons of a 1973 build?
Being built in 1973 (ranked 3rd newest of 32 on the street) means major components like wiring, plumbing, and insulation may be more modern than in older neighbourhood homes. However, a home from this era may still require updates to windows, roofing, or interior finishes, and should be evaluated for era-specific materials.
5. How does the living area compare to a typical Winnipeg home?
At 1,072 sqft, the living space is moderately sized. It is slightly smaller than the average home on Metz Street (~1,106 sqft) and notably smaller than the Winnipeg city-wide average (~1,342 sqft). This indicates a efficient, likely bungalow or smaller two-storey layout, suitable for individuals, couples, or small families.