Property Overview: 788 Minto Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling opportunity defined by its exceptional lot size and solid, above-average positioning within its immediate neighborhood. The standout feature is the 8,027 sqft land area, which ranks in the top 1% of the Minto area and top 4% on Minto Street itself, offering rare potential for expansion, gardening, or outdoor space. Built in 1950, the house is newer than many in the area, and its 1,263 sqft living area is comfortably above the local average. The property last sold in the $300k-$350k range in 2024, and its current assessed value sits above average for the street and neighborhood.
The appeal lies in securing a property with land value that significantly outpaces the norm, suggesting a long-term investment in the lot itself. It suits practical buyers who value space and potential over a turn-key modern home. This could be ideal for someone looking for a solid starter home with room to grow, an investor seeing land value, or a buyer willing to renovate over time on a generous plot. A less obvious perspective is that its "above average" stats within the neighborhood, paired with a merely "average" city-wide assessment, may indicate it's a value-conscious entry into a well-established community without the premium of a hotter city district.
Section 2: Frequently Asked Questions
1. What does the "Elite" ranking for land area actually mean?
It means the property's lot size is larger than 99% of lots in the Minto area and 96% of lots on Minto Street specifically. This is its most statistically distinguishing feature.
2. The home sold recently in 2024. Why might it be back on the market?
Without specific disclosure, common reasons for a quick resale can include a change in the owner's personal circumstances, an investor completing a planned short-term hold, or a buyer's initial plans for the property changing. The recent sale provides a clear, modern price benchmark.
3. How does a 1950 build year compare to nearby homes?
The home is newer than the average house on its street (avg. 1940) and in the Minto area (avg. 1933). This could imply updates to core systems over time or a slightly different architectural style than the oldest homes in the neighborhood.
4. The assessed value seems low compared to the city-wide average. Is that a concern?
Not necessarily. Assessed value for tax purposes often lags behind market value and is heavily influenced by local averages. The key takeaway is that its assessment is in the top 9-11% for its immediate area, indicating it is considered a higher-value property within the Minto neighborhood context.
5. Where can I see more details about the neighborhood and comparable properties?
You can use the provided link to open a detailed neighborhood map analysis, which visually compares this property to nearby homes based on year built, size, value, and lot dimensions.