Property Overview
31 Winslow Drive is a well-established home in Winnipeg's Minnetonka neighbourhood. Built in 1974, it presents a practical opportunity with a straightforward value proposition. The 1,119 sqft home sits on a 5,608 sqft lot, offering a manageable scale for maintenance. Its most recent public sale was between $350k-$400k in 2020, and it carries a current assessed value of $41,700.
Key Characteristics, Appeal & Ideal Buyer
The primary appeal of this property lies in its position as a modest, entry-level home in a mature neighbourhood. Its living space is below the average for its immediate street but is closer to the city-wide average, suggesting a comfortable, no-frills size. The lot, while smaller than many in the Minnetonka area, is near the average size across Winnipeg, providing adequate outdoor space without being overwhelming.
This home would suit first-time buyers or downsizers seeking an affordable foothold in a settled community. Its assessed value is consistently "around average" across comparison groups, indicating it is not overvalued relative to its peers—a point of stability for a cost-conscious purchaser. The 1974 build date means potential buyers should be prepared for a home that may require updates, but it also avoids the premium price of newer construction. It’s a property for someone who values practicality and location over modern finishes or expansive square footage, offering a clear path to homeownership without excessive debt.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,119 sqft, the living area is smaller than most direct neighbours on Winslow Drive but is relatively average when compared to the broader Minnetonka area and the city as a whole. It’s a compact layout.
2. Is the assessed value a reliable indicator of the market price?
The assessed value for tax purposes ($41,700) is significantly lower than the home’s last sold price range ($350k-$400k in 2020). Market value is driven by recent sales, location, and condition, so the assessed value should not be used as a current market price estimate.
3. What should I consider about a home built in 1974?
Homes from this era may have original major systems, like roofing, windows, plumbing, or electrical, that could be nearing the end of their service life. A thorough inspection is advised to budget for any necessary updates or repairs.
4. The lot is noted as "below average" for the area. Is that a major drawback?
The 5,608 sqft lot is smaller than many in Minnetonka but is close to the Winnipeg city average. It provides a decent yard while potentially reducing maintenance time and cost—a trade-off some buyers may prefer.
5. How can I find out the exact past sold price?
The provider states that exact sold price history is available upon request via email. They note this is a manual process with a same-day reply aim and that your email will not be used for unsolicited marketing.