Property Overview
This home at 152 Minnetonka Street presents a specific value proposition. Built in 1971, it's a 864 sqft residence on a 5,291 sqft lot. The data indicates it is consistently below average in size and assessed value compared to its immediate street and neighborhood, but it aligns more closely with city-wide averages for lot size and age. Its most recent sale fell within the $300k–$350k range. The appeal here is rooted in affordability and efficiency. It suits first-time buyers seeking an entry point into the market, investors looking for a rental property with a manageable scale, or downsizers who prioritize low maintenance and cost over space. A thoughtful perspective is that its smaller footprint and lot, while not standout features, can translate to lower utility costs, less upkeep, and a more manageable property tax burden, offering a practical and sustainable living arrangement.
Frequently Asked Questions
What does the "below average" ranking mean for this property?
The rankings compare this home to similar properties in three areas: its street, the broader Minnetonka area, and city-wide Winnipeg. Being "below average" for living area and value on its street simply means most immediate neighbors have larger, higher-valued homes. This context is important for understanding the local character, but city-wide data shows the home is much more typical for Winnipeg overall.
Why is the city-wide assessed value average so much higher ($390k)?
The city-wide average for "comparable homes" in the data set appears to include a very broad range of properties. The home's own assessed value is approximately $32,300, and its recent sale price aligns with a more modest market value. The $390k figure is likely an average that includes many higher-value homes across all city neighborhoods, not a direct comparison to similar properties in this price range.
Is the lot size a disadvantage?
At 5,291 sqft, the lot is smaller than others on the street but is near the city-wide average. It provides adequate outdoor space for a patio, garden, or simple lawn without the demanding upkeep of a larger yard. This can be a benefit for those seeking a lower-maintenance lifestyle.
How current and reliable is the sale price data?
The listed sale price of $300k–$350k is based on public data from January 2016 through April 2025. The listing indicates the exact sold price is available upon request via email, as some months of public records may be incomplete.
Who would this property not be well-suited for?
This home would likely not meet the needs of buyers requiring significant indoor living space, those desiring a large lot for extensive gardening or recreation, or anyone prioritizing a home with above-average investment in its immediate neighborhood from a square-footage perspective. It is a practical choice rather than a premium one.