Property Overview
This 672-square-foot home, built in 1927, presents a classic Winnipeg character property on a notably generous 3,420-square-foot lot in the Minto neighbourhood. Its appeal lies in a specific balance: it offers a smaller, manageable living space combined with a lot size that is well above average for its immediate street. This creates potential for expansion, gardening, or outdoor living that is uncommon for homes of this vintage and area. The assessed value is modest and sits around the local average, suggesting a relatively accessible entry point into the market.
It would best suit a first-time buyer, downsizer, or practical investor looking for a home with character and land-value upside, without the maintenance of a large interior. It’s a property for those who value outdoor space over square footage and are comfortable with a home that may require updates reflective of its age.
Frequently Asked Questions
1. How does the smaller living area impact value?
While the interior is compact compared to local and city averages, this is offset by the larger-than-average lot. Value here is likely rooted more in the land and location than in the size of the existing structure.
2. What does the assessed value indicate?
The assessed value of $22,500 is for municipal tax purposes and is typically lower than market value. It being around the neighbourhood average indicates the property is not an outlier, but the final sale price will be determined by current market conditions.
3. Are there concerns with a home built in 1927?
As with any century-old home, prospective buyers should budget for potential updates to systems like wiring, plumbing, and insulation. A thorough inspection is essential to understand the condition and any needed repairs.
4. What is the significance of the lot size?
The lot is a key feature. At 3,420 sq ft, it provides valuable extra outdoor space and future potential that many nearby properties lack, which can be a major advantage for privacy, expansion, or landscaping.
5. Can I find out the exact historical sale prices?
The listed sale price ranges are based on public data. To obtain the exact sold price history, you can request it via email from the listing service, which provides this detail manually.