Property Overview & Key Characteristics
This home at 6 St Germain Street in Winnipeg's Minnetonka area presents a specific value proposition centered on its lot and location. Built in 1974, the 1,204 sqft house sits on a notably generous 7,078 sqft lot, which is above average city-wide. The home's living space is more compact compared to others on its immediate street, but it aligns more closely with averages for the broader area and city. Its assessed value is modest relative to the city, suggesting a potentially lower property tax burden.
The primary appeal lies in the land itself—offering ample outdoor space for gardening, expansion, or recreation in a mature neighbourhood. It suits practical buyers looking for an entry point into a settled community, where value is placed more on the property's potential and lot size than on a large, move-in-ready interior. It could be ideal for a first-time homeowner comfortable with a cozier footprint, a buyer planning a future renovation or addition, or someone seeking a manageable property with a spacious yard.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $40,100 is for municipal tax purposes. The recent sold price history (2023) indicates a market value in the $350k-$400k range. The assessed value is typically significantly lower.
2. How does the home's size compare to the neighbourhood?
The living area is below average for St Germain Street itself but is around the median when compared to the wider Minnetonka area and Winnipeg overall. It's a smaller home on a street with slightly larger houses.
3. What does the lot size ranking mean?
The lot is above average (Top 16%) compared to all Winnipeg homes, meaning you get more land than most city properties. On its own street and in Minnetonka, the lot size is about average.
4. Why is there a range for the past sold price, and how can I get the exact figure?
Sold price ranges are based on public data. The exact sale price is available by request via email from the listing service, which they provide manually without using your email for marketing.
5. The home is over 50 years old. What should I consider?
While the building is of a typical age for the area, a professional home inspection is essential. This will identify the condition of major aging components like the roof, plumbing, electrical systems, and foundation, which is crucial for planning any updates or budgeting for maintenance.