Property Overview: 497 Minnigaffe Street, Winnipeg
Key Characteristics & Appeal
This 900 sqft bungalow, built in 1950, presents a solid, value-conscious opportunity in the Robertson neighborhood. Its primary appeal lies in a standout lot size—at 4,511 sqft, it is the largest on Minnigaffe Street—offering above-average outdoor space and potential in a city where lot size often dictates future value. The home’s assessed value of $258k is above the immediate street average, suggesting it is already viewed as a premium property on its block, yet it remains significantly below the Winnipeg city average, indicating a more accessible entry point into the market.
The home suits first-time buyers or practical investors looking for a manageable footprint with the upside of a generous lot. It’s a property for someone who values space over sheer interior size, seeing potential in the land itself—whether for gardening, expansion, or simply more privacy than is typical for the area. A thoughtful perspective is that while the living area is below the city average, its "around average" standing within the neighborhood means it fits comfortably within the local context, avoiding the premium often attached to larger, newer city homes.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, the last recorded sale on Minnigaffe Street was in 2016, in the $150k-$200k range. The current assessed value of $258k reflects market changes since then and its above-average position on the street.
2. Is the lot size a significant advantage?
Yes. The lot is ranked #1 out of 67 on Minnigaffe Street, which is a rare and definitive advantage. It provides more usable outdoor space than neighboring properties and is a key asset for future enjoyment or redevelopment.
3. What does "below average" for city-wide living area mean for daily life?
At 900 sqft, the home is cozier than the Winnipeg average of 1,342 sqft. This suggests efficient, simpler living suited to individuals, couples, or small families, with a focus on the lot for additional space.
4. How reliable is the sold price history provided?
The sold price data is compiled from public sources, not the MLS, and is presented in ranges. For fully verified and exact historical transaction figures, a manual lookup through the site is required.
5. What are similar nearby properties like?
Nearby homes on Minnigaffe Street and in Robertson are typically from the same mid-century era, with similar assessed values and living areas. This consistency indicates a stable, established character for the block.