Property Overview: 11 Areisa Bay, Minnetonka
Key Characteristics & Appeal
This home at 11 Areisa Bay presents a compelling blend of space, established location, and relative value. Built in 1981, it is a well-situated property in its mature Minnetonka neighbourhood. Its primary appeal lies in its generous proportions: with 2,324 sqft of living area, it ranks within the top 9% of homes in its local area and the top 5% city-wide for size, offering significantly more space than the average Winnipeg home. The lot is also substantial at 7,251 sqft, providing ample outdoor space and ranking above average across the city.
The data suggests a property that is a strong performer within its broader context rather than just its immediate street. While its assessed value is around the average for Areisa Bay itself, it stands as above average for both the Minnetonka area and Winnipeg overall. This indicates you are acquiring a home that offers more space and value relative to the wider market. Recent sale history shows steady appreciation.
This home would ideally suit buyers looking for established neighbourhood character who prioritize interior space and a larger lot over a brand-new build. It’s a practical choice for growing families or those who value room to grow, and for value-conscious buyers who recognize that its metrics are stronger the wider the comparison net is cast.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
While its assessed value is mid-range on its own street, it is above average for the larger Minnetonka area and the city. This suggests the property may offer more value or space for the price compared to many other homes in Winnipeg.
2. Is the 1981 build date a concern?
The home is of a similar age to many in the area and is actually newer than the average Winnipeg home. As with any house of this vintage, a thorough inspection is recommended to understand the condition of major systems like roof, windows, and plumbing, which may be due for updates or maintenance.
3. What does the sold price history indicate?
The home sold between $500k-$550k in 2023 and $400k-$450k in 2016. This history shows clear appreciation. For the exact sold prices, you can request the information via email from the listing service.
4. How usable is the 7,251 sqft lot?
The lot size is above average city-wide, offering good potential for gardening, recreation, or expansion. It’s worth noting that the lot is slightly smaller than the average for the Minnetonka area, so it’s advisable to review the specific layout and bylaws.
5. Where can I see more detailed context about the neighbourhood?
You can open the dedicated neighbourhood analysis page linked in the listing to view this property on a map alongside nearby homes, comparing details like year built, living area, and lot size directly.