Property Overview & Key Characteristics
This home at 709 Denson Place presents a practical and efficient living option in Winnipeg's Minto neighbourhood. Its key appeal lies in its modern build date and relative value within its immediate area. Built in 1994, it is a newer construction compared to most homes in Minto and significantly newer than the city-wide average, suggesting potentially fewer major maintenance concerns related to age. With 972 sqft of living space, it offers a comfortably sized footprint that is very typical for the local area.
The property’s value proposition is nuanced. Its assessed value is notably above average for Minto, yet it sits below the average for its specific street. This indicates it may offer good value within the broader neighbourhood context. The lot size of 3,797 sqft is generous for the area, providing above-average outdoor space compared to other Minto properties.
This home would suit first-time buyers or downsizers looking for a low-maintenance, modern-built home in a central neighbourhood without a premium lot size. It’s also a sensible fit for value-focused buyers who prioritize a home's condition and interior space over having the largest property on the block.
Frequently Asked Questions
1. How does the 1994 build date compare to nearby homes?
This is one of the newer homes in the area. It ranks in the top 3% on its street and top 2% in the Minto neighbourhood for year built, meaning it is significantly newer than most comparable properties nearby.
2. The assessed value seems high for the street but low for the city. Why?
The assessment is context-dependent. It is above the average for Minto, suggesting it's a higher-value home within that neighbourhood. However, it's below the average for Denson Place itself, indicating that lots or homes on this street may generally be larger or have higher valuations. City-wide, it sits around the average.
3. What does the sold price history indicate?
The home sold between $250k-$300k in 2022. Market data shows that sale price ranked in the top 22% for the Minto area at that time, suggesting it was a competitively priced transaction that attracted strong interest relative to other area sales.
4. Is the living space small?
At 972 sqft, it is slightly below the average for its immediate street but very close to the average for the Minto neighbourhood. It provides a functional amount of space that is standard for the area, though it is below the much larger city-wide average.
5. How does the lot size impact the property?
The 3,797 sqft lot is smaller than others on Denson Place but is actually larger than the average lot in Minto. This offers a balanced perspective: you get more outdoor space than many neighbourhood properties, but not the largest yard on the street.