Property Summary: 42 Glenthorne Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a specific value proposition centered on its lot and location rather than its size. Built in 1972, the 720 sqft house is notably compact, ranking in the bottom 10% for living area both on its street and in the wider Minnetonka area. Its primary physical asset is the 5,596 sqft lot, which is closer to the city-wide average and offers a generous outdoor space relative to the home's footprint.
The appeal lies in its financial accessibility and potential. With an assessed value that is consistently around the median benchmark for its street, neighbourhood, and city, it represents a more affordable entry point into the Minnetonka area. This is a property for a pragmatic buyer: a first-time homeowner comfortable with a smaller interior layout, an investor looking for a land-value play, or someone seeking to build equity through strategic renovations. Its last sale in the 2021 range of CA$350k–400k suggests a history of being a manageable investment. The perspective here is that this isn't a move-in-ready dream home, but a practical canvas—its value is tied to what you can save on purchase price and what you might do with the substantial lot over time.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (listed as $38.80k) is for municipal tax purposes only. The market value is significantly higher, as indicated by its 2021 sale in the CA$350k–400k range. Always rely on a current market evaluation for buying or selling.
2. How does the small living area compare practically?
At 720 sqft, the home is significantly smaller than most in the area (neighbourhood averages are around 1,439 sqft). This suits a minimalist, single person, couple, or someone who views the home primarily as a place to sleep while utilizing the large yard for living space.
3. What does the lot size mean for future potential?
The lot of 5,596 sqft is a key feature. It is larger than many city-wide lots and is typical for the street. This space could allow for additions, a garden, a detached garage, or simply ample private outdoor space—options that are often limited on smaller urban lots.
4. The data shows rankings for "Year Built." Is 1972 considered old?
The home is 54 years old, which is actually newer than many on its street (ranking in the top 26%). While it will likely require updates to major systems like roof, wiring, or plumbing due to its age, it is not an outlier in terms of the neighbourhood's housing stock.
5. Why do I need to email to get the exact past sold price?
Sold price data is not always publicly available in perfect detail in all jurisdictions. The provider offers to manually retrieve and share the precise figure from their records as a direct service, avoiding the need to publish potentially incomplete data.