Property Overview & Key Characteristics
This home at 656 Minto Street presents a compelling mix of established character and relative value within its neighbourhood. Built in 1919, it is one of the older homes on the street, which often translates to classic architectural details and mature surroundings. Its primary appeal lies in its generous 4,394 sqft lot, which is significantly larger than most in the immediate Minto area, offering valuable outdoor space and potential. With 1,138 sqft of living area, the interior space is comfortably above average for the local area.
The property’s assessed value ranks highly within Minto, suggesting it is considered a solid asset in its specific market context. A recent sale between 2023 indicates active market interest. This home would suit a buyer looking for a character home with a sizable yard in a mature neighbourhood, who appreciates the stability of an established area and may have plans that benefit from extra land. It’s also a practical option for those seeking a home with above-average local value without the premium of a newer build.
Frequently Asked Questions
1. What does the high assessed value ranking locally actually mean?
It indicates that, according to municipal assessment, this property is valued in the top tier (top 6-7%) compared to its immediate neighbours. This often reflects a combination of its larger lot size, living area, and overall condition relative to other homes on Minto Street and in the Minto area.
2. The house was built in 1919. What should I consider?
While offering charm, a home of this age likely requires a diligent inspection. Key focuses should be the foundation, roof, wiring, plumbing, and insulation. The upside is the potential for well-crafted original features and the established, larger lot that often accompanies older homes.
3. How significant is the lot size?
Very. At over 4,300 sqft, the lot is notably larger than the local averages (around 3,700 sqft). This provides more privacy, space for gardening, play, or entertaining, and is a fixed asset that adds long-term value and flexibility that smaller lots cannot offer.
4. The city-wide assessed value seems average. Is that a concern?
Not necessarily. Municipal assessments are for taxation and can vary widely by area. This property’s strength is its standing within its desirable local market (Minto). Its city-wide ranking simply reflects that assessed values in newer suburbs or different city segments can be structured differently.
5. Can I find out the exact 2023 sale price?
Yes, but the precise figure is not publicly displayed online. The listing service provides the range and offers to send the exact sold price via email upon request, which they handle manually without using your email for marketing.