Property Overview: 901 Dominion Street, Winnipeg
Key Characteristics & Appeal
This is a compact, well-situated property in the Minto neighbourhood, built in 1941. Its primary characteristic is its modest 748 sqft living area, which is notably smaller than most comparable homes on its street, in Minto, and across Winnipeg. This creates a specific value proposition: it is a lower-maintenance home on a standard city lot of 3,658 sqft, which is actually above average for the Minto area.
The appeal lies in its efficiency and location-based value. The home’s assessed value ($28,400) is strong for the immediate area, ranking in the top 21% in Minto, suggesting it is viewed favorably relative to its neighbours. This indicates a solid foundation for a buyer comfortable with a smaller footprint. It would suit first-time buyers, downsizers, or investors seeking a character home with lower property taxes and manageable upkeep. The lot size offers potential for outdoor space or future expansion, providing a thoughtful counterpoint to the compact interior. Recent sale history shows significant appreciation between 2017 and 2022, reflecting the area's demand.
Frequently Asked Questions
1. Why is the living area so much smaller than the averages shown?
The home is a compact, character property from the 1940s. Its size reflects its original design and offers a lower-maintenance living option compared to larger, modern additions in the area.
2. How can the assessed value be "above average" for Minto if the house is smaller?
Property assessment considers multiple factors beyond just size, including the lot, condition, and location on a desirable street. Its higher ranking within Minto suggests it maintains good relative value and appeal in its immediate micro-market.
3. What does the sold price history tell us?
The home sold between $350k-$400k in 2022, a substantial increase from its $200k-$250k sale in 2017. This indicates strong market momentum for the property and the area over that period.
4. Is the 85-year-old age of the home a concern?
While older, the home was built later than many on its street (ranking in the top 26% for year built on Dominion Street). This relative "newness" for the block is a positive, but a thorough inspection is always recommended for any pre-war property.
5. How do I find out the exact sold prices?
The exact sold prices are not publicly displayed. You can request them via email from the listing service, which provides the figures manually without obligation.