Property Overview: 87 Minikada Bay
Key Characteristics & Appeal
This is a compact, single-storey home built in 1963, offering 955 square feet of living space with a renovated basement. It sits on a notably generous 5,209 sqft lot for its neighbourhood, ranking well above average for land size on its street. While the home's footprint is modest, its assessed value is strong for the immediate area, suggesting it is well-maintained or offers desirable features not captured in the basic metrics. There is no garage or pool.
The primary appeal lies in its efficient use of space, the value of the renovated basement, and the potential of its larger-than-typical lot. It suits first-time buyers, downsizers, or practical investors looking for a manageable property in a stable neighbourhood without a large maintenance burden. The lot size offers a less obvious advantage: room for gardening, private outdoor space, or future expansion (subject to bylaws), which is a rarity for homes of this vintage and style in the city. Its recent sale history indicates steady market interest.
Frequently Asked Questions
1. What does the "above average" assessed value on the street indicate?
It suggests the property is valued more highly than many of its direct neighbours. This can be due to factors like the renovated basement, overall condition, updates, or the premium afforded by its larger lot size.
2. Is the lack of a garage a significant drawback?
For some buyers, yes. However, the large lot may provide space to add a parking pad or shed for storage. This is a common trade-off in older neighbourhoods and often reflected in the price.
3. How does the living area compare to a typical Winnipeg home?
At 955 sqft, it is below the city-wide average. This confirms it's a cozy, efficient home rather than a spacious one, ideal for those who prioritize lower utility costs and less upkeep over ample square footage.
4. What can the past sold prices tell me?
The sold price ranges from 2020 and 2016 show consistent activity and provide a benchmark for market trends on this specific street. For the exact figures to inform your offer, you can request them via email from the site.
5. Who would this property not suit?
It may not fit growing families needing multiple bedrooms or dedicated workspaces, or anyone requiring attached parking. Those seeking a modern, open-concept layout or extensive amenities might also find it limiting.