Property Overview: 448 Minnigaffe Street, Winnipeg
Key Characteristics & Appeal
This 880 sqft home, built in 1947, presents a practical opportunity in Winnipeg's Robertson neighborhood. Its primary appeal lies in value and potential. With an assessed value of $177k—significantly below averages for the street, neighborhood, and city—it stands out as an accessible entry point into the market. The lot size is a notable asset, ranking in the top 10% on its street at 4,333 sqft, offering more outdoor space than many nearby properties.
The home suits first-time buyers or investors seeking a lower-cost footprint with room to grow. Its below-average metrics in size and value suggest it may be a candidate for modernization or expansion, appealing to those with renovation plans. For a buyer comfortable with a home that may require updates, the combination of a larger lot and a lower price point creates a tangible value proposition not always available in more uniformly developed areas.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The property last sold between $150k-$200k in May 2024, which aligns closely with its $177k assessment. This suggests the assessment is a realistic reflection of its recent market value.
2. Is the living space small for the area?
At 880 sqft, it's slightly above the street average but below the neighborhood and city averages. It's a compact, efficient layout typical of its era, not unusually small for the immediate block.
3. What does the lot size ranking mean for me?
Ranking in the top 10% on the street for land area means you're getting more yard space than most of your direct neighbors. This could allow for additions, gardening, or outdoor living that others on the street might not have room for.
4. Why is the assessed value so much lower than the neighborhood average?
The assessed value is a tool for calculating property tax, not a direct market appraisal. Its lower ranking indicates factors like the home's size, age, and condition result in a lower valuation than newer or larger homes in Robertson, which translates to a relatively lower property tax burden.
5. How can I get the exact historical sold prices?
The site does not display MLS sold records. You can request the exact sale history via email, and they will provide the verified figures manually, typically by the end of the same business day.