Property Overview & Appeal
This home at 29 Greendell Avenue stands out for its generous proportions, both in the home itself and on the land it sits on. With 1,847 sqft of living space, it offers significantly more room than most comparable homes on its street, in the Minnetonka area, and across Winnipeg. The true standout feature is the 11,350 sqft lot, which ranks in the elite top 4% city-wide for size, offering exceptional outdoor space and potential.
The appeal lies in this combination of a spacious, well-sized home on a truly large, private lot—a rarity that becomes harder to find closer to the city core. Its assessed value ranks highly, suggesting it is considered a premium property within its peer groups. While the 1960 build date means it’s an older home, it is typical for its immediate street. The recent sold price in 2024 indicates strong market demand and value growth.
This property would best suit buyers who prioritize space and land over a brand-new build. It’s ideal for families seeking room to grow, gardeners, or anyone valuing a substantial yard. It also appeals to value-conscious buyers looking for a home with above-average metrics that has already demonstrated solid appreciation.
Frequently Asked Questions
1. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size of 11,350 sqft is larger than approximately 96% of all comparable residential properties across the entire city. It's a standout feature not just locally, but on a city-wide scale.
2. The home was built in 1960. Should I be concerned about major updates or systems?
While the build date is average for the street, it is older than many homes in the broader Minnetonka area. A key priority for any buyer should be to investigate the age and condition of major systems like the roof, plumbing, electrical, and heating, as updates may be needed or could be a point of negotiation.
3. The assessed value is much lower than the 2024 sold price. Why?
Municipal assessed values for tax purposes often lag behind current market values and use a different valuation method. The sold price range of $700k-$750k in 2024 is the true indicator of its recent market value.
4. How does the living space compare to nearby homes?
The 1,847 sqft living area is notably larger. It's about 500 sqft bigger than the average on Greendell Avenue and over 400 sqft larger than the average in the Minnetonka area, offering more interior space than most direct neighbours.
5. The sold price jumped significantly from 2020 to 2024. Is this typical?
While the overall market saw increases in that period, this property's increase appears sharper than average. This likely reflects the high value buyers placed on this specific home's combination of large living area and exceptional lot size, attributes that became even more sought-after.