Property Summary: 3 Metz Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,155 sqft bungalow, built in 1970 on a 5,596 sqft lot, presents a practical and straightforward home in the Minnetonka neighbourhood. Its core appeal lies in its efficient use of space and its position as a relatively affordable entry point into the Winnipeg market. The living area is notably above average for its immediate street, suggesting a well-sized home within its local context. With an assessed value significantly below the average for its wider area, it represents a value-oriented opportunity.
The property would suit first-time buyers or investors seeking a functional home without a premium price tag. Its average rankings for age and lot size on its street indicate it’s in line with the established character of the block, offering a sense of neighbourhood consistency. A thoughtful perspective is that while the lot is smaller than many in Minnetonka, it may translate to lower maintenance—an advantage for those seeking a simpler yard. The sale in 2022 within the $300k-$350k range provides a recent benchmark, indicating a stable, modest market for the home.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to its neighbours?
At 1,155 sqft, the living area is above average for Metz Street itself (ranking 8th out of 32 homes), but closer to the average when compared to the entire city. This means it offers more interior space than many direct neighbours, but is a typical-sized home for Winnipeg overall.
2. Is the assessed value a reliable indicator of the market price?
The assessed value for taxation purposes ($35,800) is notably lower than the home’s last sold price range ($300k-$350k in 2022). Market value is driven by recent sales, buyer demand, and condition, so the assessed value should not be used alone to estimate the listing or sale price.
3. What does the “below average” ranking for lot size in Minnetonka mean?
The lot is 5,596 sqft, which ranks in the bottom 21% for the Minnetonka area, where lots are generally larger. However, it is much closer to the city-wide average. This suggests a smaller, more manageable yard compared to others in the immediate community, but not unusually small for Winnipeg.
4. The home was built in 1970. What should I consider?
Built 56 years ago, the home is of an age where major components like the roof, windows, furnace, and plumbing may be at or beyond their typical lifespan. A thorough inspection is crucial to understand the condition and any upcoming capital expenses.
5. How can I find out the exact past sale price?
The provided sale price is a range based on public data. The exact sale price can be requested by email from the listing service, which manually provides the figure from official records without using your email for marketing.