Property Overview
This 652 sqft home at 928 Clifton Street in Winnipeg's Minto neighbourhood is a compact, post-war property built in 1946. Its primary appeal lies in its affordability and a lot size (3,822 sqft) that is notably larger than many in the immediate area. The home last sold in 2024 for an estimated $200k–$250k, with a current assessed value significantly below the citywide average. It represents a straightforward, lower-cost entry point into the Winnipeg market.
Key Characteristics & Ideal Buyer
The home’s defining characteristic is its scale: it is a smaller living space on a relatively generous lot. This creates a specific dynamic—the value is anchored more in the land than the structure. Its appeal is for practical, budget-conscious buyers seeking minimal footprint and upkeep, or for those with a long-term view who see potential in the land itself. It would suit a first-time buyer prioritizing getting into the market over immediate space, an investor looking for a rental property with a low tax assessment, or a buyer with plans for future expansion or redevelopment, given the lot's above-average size for the neighbourhood. A less obvious perspective is that a home of this age and size in this price range likely requires a buyer comfortable with DIY projects or budgeting for updates.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
Assessed values in Manitoba are for municipal tax purposes and often don't reflect current market value. The sale price is determined by what a buyer is willing to pay in the open market, which can be influenced by factors like recent renovations, lot potential, and market demand that aren't fully captured in the tax assessment.
2. What does the lot size mean for me?
At 3,822 sqft, the lot is larger than many in Minto and across the city. This provides more outdoor space than typical for the price point and could allow for additions like a garage, a larger garden, or even future expansion of the home, subject to zoning bylaws.
3. Is the living area of 652 sqft manageable?
This is a compact, efficient layout. It would suit a single person, a couple, or someone looking to minimize cleaning and utility costs. It requires thoughtful furniture choices and organization, making it less ideal for those who work from home extensively or have a growing family.
4. How does the "below average" ranking for living area affect value?
While the living space is small compared to most homes, this is reflected in the price. It positions the property in a specific, affordable niche. The value proposition isn't square footage, but affordability combined with the lot size.
5. The home is 80 years old. What should I be prepared for?
Homes from this era may have original plumbing, electrical, and insulation. A thorough inspection is essential to understand the condition of these core systems. While it has stood the test of time, budgeting for maintenance and potential updates to improve efficiency and safety is a responsible step.