Property Overview
45 Oakleaf Drive is a well-established home in Winnipeg's Minnetonka neighbourhood, built in 1973. With 1,040 square feet of living space on a 5,992 square foot lot, it presents a practical footprint. The home’s assessed value is $38,600. Its appeal is rooted in its strong standing within its immediate, smaller community of Oakleaf Drive, where it ranks above average for size, value, and lot size compared to its 14 direct neighbours. This creates a sense of relative value and space on its own street. It last sold for an estimated $300k–$350k in 2020.
Key Characteristics & Appeal
This property suits buyers looking for a grounded, no-frills home in a mature neighbourhood. Its primary appeal is its position within the micro-market of Oakleaf Drive—it offers more living space and a larger lot than most homes on the same block. This suggests potential for comfortable living and private outdoor space relative to its immediate peers. For a first-time buyer or an investor, the stable, average assessment within the broader Minnetonka area indicates a manageable entry point into the city’s market. A thoughtful perspective is that while the home is smaller than the Minnetonka average, its efficient size and above-average lot for the street could appeal to someone seeking lower maintenance costs without sacrificing yard space. It would suit a practical buyer who values neighbourhood character over sheer square footage, and who may see potential in a solid, vintage property.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks very well on Oakleaf Drive. It’s in the top 21% for living area and assessed value, and the top 14% for lot size among the 14 homes on the street, meaning it offers more space and is valued higher than most of its direct neighbours.
2. Is the assessed value the same as the market price?
No. The assessed value of $38,600 is for municipal tax purposes. The market price is determined by current buyer demand. The home last sold in the $300,000 to $350,000 range in 2020, which is a more relevant indicator of its market value.
3. What does the "below average" living area for Minnetonka mean?
While the home is above average on its own street, its 1,040 sqft is below the Minnetonka neighbourhood average of 1,439 sqft. This means it’s a more compact option in the area, which could translate to a lower price point but also lower utility and maintenance costs.
4. How can I find out the exact past sale price?
The exact sold price is not publicly listed. The listing service offers to provide it manually via email upon request, with a promise not to use your email for spam.
5. What is the significance of the lot size?
At 5,992 sqft, the lot is larger than most on Oakleaf Drive but slightly smaller than the average for Winnipeg. This provides a good balance—likely a spacious yard for the street without the excessive upkeep of a much larger lot.