Property Overview
702 Minto Street presents a compelling mix of historic character and above-average space, standing out distinctly within its immediate neighborhood. Its primary appeal lies in its generous proportions relative to nearby homes. With 1,749 square feet of living area, it ranks in the top 5% on its own street and the top 4% in the broader Minto area, offering significantly more interior space than local averages. This is complemented by a large 5,625 sqft lot, which is in the elite top 2% for the area, providing rare outdoor potential in an established community.
The home’s 1895 build date means it is the oldest on its street, which translates to classic charm but also suggests a need for thoughtful updates and maintenance. Its assessed value is strong for the local market, ranking above average for both the street and area. This property would ideally suit a buyer looking for a character home with room to grow or customize, who values a larger lot and interior footprint over modern construction, and who is prepared for the stewardship of a century-old structure.
Frequently Asked Questions
1. What does the "top 5%" ranking for living area actually mean?
It means this home is larger than 95% of the comparable homes on Minto Street. With 1,749 sqft, it offers about 754 more square feet than the street's average (995 sqft), indicating a much more spacious interior than is typical in the immediate vicinity.
2. The home is noted as the oldest on the street. What should I consider?
While it offers historic character, being built in 1895 means major systems like plumbing, electrical, and the foundation may have been updated over time and will require careful inspection. The upside is the potential for classic architectural details no longer found in newer homes.
3. How does the large lot size benefit a buyer?
The 5,625 sqft lot is a standout feature, offering ample space for gardening, recreation, or future additions like a garage, deck, or workshop—options that are scarce on the smaller lots commonly found in this area.
4. The assessed value seems low compared to the city-wide average. Why?
The city-wide average includes all property types and newer neighborhoods. The assessed value here is actually above average for both Minto Street and the Minto area, reflecting its relative size and value within its specific, established urban context.
5. The home sold between $300k-$350k in 2021. What does that tell me?
This recent sale price provides a concrete market benchmark. It shows the price point at which it last transacted, which can be a useful reference point for understanding its value trajectory, especially when compared to its current assessed value.