Property Overview & Key Characteristics
This home at 1251 Riddle Avenue in Winnipeg's Minto neighbourhood presents a compelling mix of space and value. Its primary appeal lies in its generous living area of 1,998 sq ft, which ranks in the top 1% of homes in Minto and the top 11% city-wide. This suggests a property that offers significantly more interior space than most in the immediate area, ideal for growing families or those wanting ample room. Built in 1955, it is a newer home compared to many in its neighbourhood and on its street.
The assessed value of $36,500 positions it as an elite value within Minto (top 4%), indicating it may offer a favorable entry point into a home of this size. The lot size of 4,035 sq ft is above average for the area, providing good outdoor space, though it is smaller than the typical city-wide lot. A previous sale occurred between $300k-$350k in 2020.
This property would suit buyers prioritizing interior square footage and value within a mature neighbourhood. It’s ideal for those who want more house for their money and are comfortable with a home from the 1950s, likely appreciating the potential of a well-sized lot in a community where properties are often more compact.
Frequently Asked Questions
1. How does the home’s size compare to its neighbours?
It is exceptionally spacious for the area. With 1,998 sq ft of living area, it is nearly 900 sq ft larger than the Minto neighbourhood average and ranks in the top 1% locally.
2. What does the assessed value tell me about this property?
The $36,500 assessment is notably low compared to the city-wide average, but ranks very high (top 4%) within Minto. This often indicates a property that provides strong value relative to its immediate community, though property taxes would be based on this figure.
3. Is the lot size a pro or a con?
It depends on your priorities. At over 4,000 sq ft, the lot is above average for the dense Minto neighbourhood, offering good private outdoor space. However, it is below the much larger city-wide average, so those seeking extensive yard space may find it modest.
4. The home was last sold in 2020. What can that price range indicate?
The prior sale price range of $300k-$350k provides a market benchmark from five years ago. Comparing this to the current assessed value and considering market changes since 2020 is a crucial step in understanding the home’s potential current value.
5. How does the age of the home factor in?
Built in 1955, it is newer than many homes on its street and in Minto. This could mean updates have been made over the years or that major components (like roof, wiring, or plumbing) might be from a later era than in older homes, but a thorough inspection is always recommended to understand its exact condition.