Property Overview: 46 Metz Street, Winnipeg
Key Characteristics & Appeal
This home at 46 Metz Street in Minnetonka presents a practical, no-frills opportunity. Built in 1971, it is slightly newer than many of its immediate neighbors, which can be a subtle advantage for systems and structure. With 962 square feet of living space, the house is compact—significantly smaller than the average home in both the Minnetonka area and Winnipeg overall. This positions it as a true starter home or a downsizing option.
The primary appeal lies in its financial accessibility. The assessed value is modest and sits around the average for its street and the entire city, suggesting a relatively low property tax burden. The lot, while smaller than most in Minnetonka, is close to the city-wide average, offering a manageable outdoor space without excessive upkeep. Recent sale history indicates steady value appreciation.
This property would best suit first-time buyers focused on entry-level affordability, investors looking for a manageable rental property, or empty-nesters seeking to simplify. Its smaller size and lot make it efficient and cost-effective, but it would not suit those needing ample indoor space or a large yard.
Frequently Asked Questions
1. Is the house unusually small?
Yes, at 962 sq ft, it is notably smaller than the average home in the Minnetonka area (approx. 1,439 sq ft). This is its defining characteristic, emphasizing efficient use of space over roominess.
2. What does the assessed value tell me about property taxes?
The assessed value of $36,200 is around the city-wide average. This generally indicates a property tax bill that is typical for Winnipeg, not disproportionately high or low.
3. The lot seems small for the area. Is that a concern?
The lot is 5,468 sq ft, which is below average for Minnetonka but near the city-wide average. It provides a decent yard but may not offer as much privacy or space as other lots in the immediate neighborhood.
4. How has the property's value changed over time?
Based on available data, it sold in the $250k-$300k range in 2016 and the $350k-$400k range in 2022. This suggests solid value growth over that six-year period, consistent with broader market trends.
5. You mention it's "newer" than neighbors. How significant is that?
Built in 1971, it ranks in the top 22% for age on its street, meaning it's among the newer homes there. While not a modern build, this can imply relatively newer materials, wiring, or plumbing compared to nearby houses from the 1950s and 1960s.