Property Overview: 706 Minto Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct profile defined by significant contrasts. Its primary appeal lies in offering generous interior and exterior space at a relatively low municipal assessed value. The 1,680 sqft living area is notably larger than most comparable homes on its street, in the Minto area, and across Winnipeg, placing it in the top 6% locally. This is complemented by an exceptionally large lot of 6,431 sqft, ranking in the top 1% within the Minto area, offering rare potential for gardens, expansion, or outdoor living.
The trade-off is seen in the home's age and assessed value. Built in 1899, it is among the oldest properties in its comparative groups. Its assessed value of $21,400 is significantly below local and city-wide averages, which typically indicates either a need for modernization or represents a lower entry point for the square footage offered.
This property would best suit a practical buyer who prioritizes space and land over move-in-ready condition. It’s a potential match for an investor or homeowner with renovation plans, someone seeking a large yard, or a buyer looking for a cost-effective way to gain above-average interior space in Winnipeg. The low assessment suggests property taxes may be relatively manageable for a home of this size.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average for comparable homes?
A low assessed value often reflects the home's age (1899) and its likely need for updates, both cosmetic and structural. The assessment is based on municipal valuation for tax purposes and may not account for potential market value after renovations.
2. What are the implications of buying one of the oldest homes on the street?
While offering classic character, a 127-year-old home requires diligent inspection for foundational integrity, wiring, plumbing, and insulation. It may also qualify for heritage-related grants or restrictions, which should be investigated.
3. The lot size is in the top 1% for the area. What does this mean practically?
This is a standout feature. It provides ample private outdoor space, rare in-city potential for additions like a garage or workshop, and fewer constraints from neighboring properties. It also means more yard maintenance.
4. How reliable are the "top X%" rankings provided?
These rankings are useful for quick comparison against similar property types in defined geographic circles (street, area, city). They highlight where this home excels (space, land) and where it differs (age, value) from the norm, helping to contextualize its unique offering.
5. Is there any recent sales history for this specific address?
According to the provided data, there is no recent public sales history displayed for this listing. The exact sold price history can be requested manually from the source.