Property Overview
This 816 sqft home, built in 1931, sits on a 3,077 sqft lot in Winnipeg's Minto neighbourhood. Its key appeal lies in its position as an accessible entry point into the market. With a living area significantly below the city average, it represents a more compact and manageable footprint. The assessed value is notably below averages for its street and the wider city, suggesting a potentially lower property tax burden and an attractive price point for budget-conscious buyers. This home would suit first-time buyers seeking affordability, investors looking for a rental property with a lower entry cost, or downsizers who prioritize a smaller, low-maintenance living space without leaving the city. A thoughtful perspective is that a home of this vintage and size on its own lot offers a rare opportunity to add value through thoughtful, efficient renovations tailored to modern needs, something not possible in a condo.
Frequently Asked Questions
1. Is the assessed value the same as the market value or sale price?
No, the assessed value (listed as $24.40k) is for municipal tax purposes only and is typically much lower than the current market value. The last recorded sale price was between $200k and $250k in 2021, which is a better, though historical, indicator.
2. How does the smaller living area compare practically?
At 816 sqft, the home is about 25% smaller than the average in Minto and significantly smaller than the citywide average. This means efficient use of space is key. It may suit a couple, a small family, or a single occupant comfortably, but storage and layout will be important factors to consider.
3. What does the "below average" ranking for lot size mean?
The 3,077 sqft lot is smaller than many on its street and in the city. In practical terms, this means a more manageable yard with less maintenance, but also less private outdoor space. For the neighbourhood, however, it is close to the typical lot size.
4. As a 95-year-old home, what should I be mindful of?
While the building's age is around average for its immediate area, major systems like wiring, plumbing, and the foundation may require inspection and potential updating. This can represent a future cost but also an opportunity to customize renovations.
5. How can I find out the exact historical sale prices?
The provider offers a manual service to send exact sold price history via email upon request, as the figures displayed on the site are estimated ranges from public data.