Property Overview
This home at 32 Minnetonka Street presents a practical, value-oriented opportunity in Winnipeg. Built in 1972, it sits on a roughly 5,700 sqft lot and offers 960 sqft of living space. Its most notable feature is its assessed value of $36,500, which is notably lower than many city-wide comparisons. Recent sales data indicates it sold for between $400,000 and $450,000 in 2025, suggesting a significant market premium over its official assessment.
The appeal here lies in its potential as an affordable entry point into homeownership or as a straightforward investment property. The lot size offers room for future expansion or outdoor use, which adds value given the home's smaller interior footprint. It would suit first-time buyers comfortable with a home that may require updates, or investors looking for a property with a strong ratio of market value to tax assessment. A less obvious perspective is that its "below average" size compared to the neighborhood could mean lower utility and maintenance costs, appealing to those seeking efficiency over square footage.
Frequently Asked Questions
1. Why is there such a large gap between the assessed value ($36.5k) and the recent sold price (~$400k-450k)?
Property assessments in Manitoba are primarily for municipal tax purposes and are not intended to reflect current market value. The market price is driven by buyer demand, property condition, and local sales trends.
2. What does the "below average" living area ranking mean for me?
With 960 sqft ranking below the local and city averages, this home is more compact. It's suitable for individuals, couples, or small families, and may require creative use of space or planned renovations to expand.
3. Is the 1972 build date a concern?
A home from 1972 is of average age for its area. While major systems like roof, wiring, or plumbing may have been updated, a thorough inspection is recommended to identify any needs specific to homes of this era.
4. How does the lot size compare and what does it offer?
At 5,674 sqft, the lot is around average city-wide but slightly smaller than others in the immediate Minnetonka area. It still provides decent outdoor space for gardening, recreation, or potential additions, which is a key asset.
5. How can I get the exact historical sold price for this property?
The exact sold price is not publicly listed. As noted on the detail page, you can provide your email address to request this information directly from the site; they provide the accurate figure manually without using your email for marketing.