Property Overview: 626 Minto Street, Winnipeg
Key Characteristics & Appeal
This 804 sqft home, built in 1929, presents a classic Winnipeg character property with a practical balance of space and lot size. Its primary appeal lies in its generous 4,185 sqft lot, which is notably larger than most in the immediate Minto area and neighbourhood, offering valuable outdoor potential. While the living area is compact compared to the city-wide average, it is quite typical for the street itself. The home’s assessed value is strong relative to its local peers, ranking in the top 25% on Minto Street, suggesting it is viewed favorably within its specific market context.
This property would suit a first-time buyer or an investor looking for a character home with a sizable yard in an established neighbourhood. It’s a practical entry point into the market where the land itself represents a significant portion of the value. The data suggests a buyer should be prepared for a home of its era, possibly requiring updates, but one that holds its own in the local landscape rather than competing with newer, larger suburban builds.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value of $28,800 is for municipal tax purposes and is typically much lower than market value. The last recorded sale was between $200k-$250k in 2020, which is a more relevant benchmark for current pricing.
2. Is the house small compared to others nearby?
On its own street, the living area is around average. It becomes smaller relative to the broader Minto area and significantly smaller than the Winnipeg city average, indicating it's a compact home in a neighbourhood of generally larger houses city-wide.
3. What does the large lot size mean for a buyer?
The lot is a standout feature, ranking in the top 14% in the Minto area. This allows for more privacy, gardening space, parking, or future expansion potential (subject to zoning and permits) than most neighbouring properties.
4. The home is 97 years old. What should I consider?
While the age is typical for the street, it’s older than most city-wide. This necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation. It represents classic charm but also comes with the maintenance expectations of a century-old structure.
5. How can I find out the exact past sale prices?
The provider offers a manual service to share exact historical sold prices. You can submit your email request directly on the listing page for a reply by the end of the same day, with a promise of no unsolicited marketing.