Property Overview: 1196 St Matthews Avenue, Winnipeg
Key Characteristics & Appeal
This home at 1196 St Matthews Avenue in the Minto neighbourhood presents a compelling blend of space, location, and value. Its key appeal lies in its above-average proportions relative to its immediate surroundings. With 1,686 square feet of living area, the home is notably larger than most in both Minto and across Winnipeg, placing it in the top 5-21% for space. This is complemented by a generous 5,783 sqft lot, which ranks in the elite top 2% for the area, offering significant outdoor potential.
Built in 1952, the property is newer than most on its street and in Minto, suggesting potentially fewer immediate concerns with aging infrastructure compared to its peers. The assessed value is above average for the local area, yet appears moderate in the city-wide context. A notable data point is its sale in the 2021-2025 period for an estimated $400k-$450k, which ranked in the top 1% for the Minto area at that time.
This property would best suit practical buyers looking for a spacious home and yard in a established neighbourhood without a premium city-wide price tag. It’s ideal for those who value interior and exterior room over a brand-new build, and for owner-occupiers or investors who understand the value proposition of a home that stands out positively within its micro-market.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it consistently outperforms its neighbours. It has more living space than 95% of homes in Minto, a larger lot than 98% of them, and is one of the newer homes on the block. This suggests a property that is a relative standout in its immediate community.
2. The assessed value seems low. What does that indicate?
The assessed value is for municipal tax purposes and is not the market value. Its above-average rank locally but average rank city-wide highlights a key point: this home holds significant value within Minto, but Winnipeg-wide, there are many higher-valued properties. This can indicate a more affordable entry point into a spacious home.
3. What might the 2021 sale price tell us?
The fact that its prior sale price was in the top 1% for the area indicates strong buyer competition for this specific home at that time, likely due to its standout characteristics of size and lot. It establishes a high-performance benchmark for the property within its neighbourhood.
4. Is a 1952-built home a concern?
While not new, context is important. It is newer than 90% of homes in Minto and 95% of homes on its street. This relative age advantage could mean major systems (like roofing, wiring, or plumbing) have been updated more recently than in many neighbouring houses.
5. How useful is the large lot size?
The lot is in the top 2% for the area, which is a significant asset. This allows for ample private outdoor space, gardening, expansions like a garage or workshop, or simply more distance from neighbours—a rare find in older neighbourhoods where lots are typically subdivided.