Property Overview: 467 Minnigaffe Street, Winnipeg
Key Characteristics & Appeal
This is a modest, no-frills home built in 1947, presenting a clear value-oriented opportunity. Its primary appeal lies in its affordability, with an assessed value significantly below area and city averages, and a lot size that is above average for its immediate street. The 700 sqft living area is compact, ranking below most comparable homes locally, which indicates a property best suited for minimalists, first-time buyers, or investors seeking a straightforward rental.
The data suggests a pragmatic purchase rather than a premium one. It suits buyers with a tight budget who prioritize getting into the Robertson neighborhood over square footage, or those looking for a land-holding property where the existing structure meets basic needs. The home’s age and size mean utility costs and maintenance may be lower than for larger, newer homes, a less obvious financial benefit. It’s likely a project-in-waiting; the value is anchored in the land and location, with potential for future expansion or renovation as finances allow, given the decent-sized lot.
Frequently Asked Questions
1. Is this a good value for the neighborhood?
Based on assessed value, it is priced well below the Robertson neighborhood average, suggesting a lower entry point. However, the living space is also significantly smaller than average, so the value is relative to your space needs.
2. What are the typical maintenance concerns for a home of this age?
Built in 1947, potential buyers should budget for and inspect age-related systems, including the roof, foundation, plumbing, and electrical wiring, which may be original or require updating.
3. How does the lot size compare, and what does that mean?
At just over 4,000 sqft, the lot is larger than average for Minnigaffe Street. This could allow for more outdoor space, gardening, or future additions like a shed or expanded living area, subject to local zoning.
4. Can I find out the exact historical sale price?
The site provides sold price ranges (e.g., CA$100k–150k in 2016). For fully verified, exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. Who are the most likely buyers for this property?
It is best suited for first-time homebuyers, investors looking for a rental property, or downsizers seeking an affordable, low-maintenance footprint in the area. Its compact size makes it less ideal for growing families.