10 Mcnulty Crescent

Property Overview

10 McNulty Crescent is a well-established home in Winnipeg's Minnetonka neighbourhood, built in 1981. With 1,427 sqft of living space on a 6,102 sqft lot, it presents a specific value proposition defined by its context. The home last sold between $350k-$400k in 2019 and currently holds a municipal assessed value of $48,100.

Key Characteristics & Appeal

This home’s primary appeal lies in its position as a competitively sized property within the broader city and area markets, situated on a street of larger, potentially more valuable homes. While its living area and lot size are below the specific street average, they align closely with the Minnetonka neighbourhood and city-wide averages. This creates an interesting dynamic: it offers a more accessible entry point into a street where most properties are larger. The assessed value is notably higher than area and city averages, which can indicate perceived stability or desirability by the assessor relative to its peers.

It would suit a practical buyer looking for a solid, no-frills home in a mature neighbourhood. It’s a sensible choice for first-time homeowners or downsizers who prioritize location and a standard lot over a large house. A thoughtful perspective is that this property may offer less competition from buyers seeking premium, updated homes, potentially creating an opportunity for someone willing to make gradual improvements.

Frequently Asked Questions

1. Why is the assessed value so much lower than the last sold price?
Municipal assessed value for tax purposes is not a market valuation and often lags behind current market prices. The 2019 sale price reflects what a buyer actually paid, while the assessment is an administrative figure based on mass appraisal techniques.

2. How does the home’s size compare to others in the area?
At 1,427 sqft, the living area is slightly below the Minnetonka average but very close to the city-wide average. On its own street, however, it is among the smaller homes, which typically average around 2,130 sqft.

3. What does the “Top X%” ranking mean for a buyer?
These rankings show how this property compares to a group of “comparable homes.” For example, being in the “Top 96%” for assessed value on its street means its assessment is in the bottom 4% of the 46 homes compared—it has one of the lowest assessments on McNulty Crescent.

4. Is the lot size a disadvantage?
At just over 6,000 sqft, the lot is smaller than others on the street but is above the city-wide average. It provides a decent outdoor space typical of many Winnipeg neighbourhoods, without the extensive maintenance of a larger yard.

5. Where can I see more detailed context about the immediate area?
You can use the provided link to “Open neighbourhood map analysis” to view this property on a map alongside nearby homes, comparing details like year built, lot size, and assessed value directly.