Property Overview: 748 Clifton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a compact, historically grounded property built in 1939, offering a practical entry point into Winnipeg’s Minto neighborhood. Its primary appeal lies in its affordability and manageable scale, as reflected in its well-below-average assessed value compared to both the immediate street and the wider city. With 720 square feet of living space and a 3,053 sqft lot, it is notably smaller than most comparable homes, positioning it as a low-maintenance option.
The property suits first-time buyers, downsizers, or investors seeking a straightforward, budget-conscious purchase. Its value is contextual: while its size and value rank in the bottom tiers city-wide, they are much more typical for the Minto area itself. This suggests you’re buying into a neighborhood where this scale of home is common, potentially offering community fit over sheer size. A thoughtful perspective is that a home of this age and modest assessment may present fewer financial surprises than a pricier, more renovated property, allowing new owners to tailor updates to their own taste and budget over time.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the sold prices from 2020 and 2023?
Assessed value for tax purposes often lags behind market value. The sold price ranges indicate what buyers were actually willing to pay in recent years, which is typically higher than the municipal assessment.
2. Is the small living area a major drawback?
It depends on your needs. The home is significantly smaller than the Winnipeg average, which requires a minimalist lifestyle or efficient use of space. However, for a single person, couple, or as an investment rental, its coziness can be an advantage for heating, upkeep, and lower initial cost.
3. How does this property compare to others on Clifton Street?
The data shows it is smaller in both living area and lot size than most direct neighbors. Its assessed value is also below the street average. Essentially, it’s a more modest offering on its own block, which is reflected in its ranking.
4. What should I consider about a home built in 1939?
While the building age is typical for the area, a home of this vintage may have outdated mechanical systems, insulation, or wiring. A thorough inspection is crucial to understand the condition and anticipate any necessary updates, which can be an opportunity for customization.
5. How do I find out the exact sold price history?
The exact sold prices are not publicly displayed in detail here. As noted on the listing, you can request the precise history via email from the service, which compiles this data manually.