Property Overview
This home at 70 Glenthorne Crescent is a well-established property in Winnipeg's Minnetonka neighbourhood. Built in 1972, it presents a practical opportunity with a clear value proposition based on its comparative data.
Key Characteristics & Appeal
The 916 sqft home sits on a 5,596 sqft lot. Its key appeal lies in its position as a relatively affordable entry point into a mature area. The assessed value is notably below the average for the Minnetonka area, suggesting a potentially lower property tax burden compared to many neighbours. However, the living space is also below area averages, indicating a more compact, efficient layout.
This property would suit first-time buyers or downsizers seeking a lower-maintenance footprint without leaving an established community. Its value is grounded more in land and location than in square footage. A thoughtful perspective is that while the home is smaller than many in the wider area, it is actually around average for its specific street, offering a sense of proportion and consistency on Glenthorne Crescent. The data shows it last sold between $250k-$300k in 2019, providing a recent benchmark for value.
Frequently Asked Questions
1. Is this a small house?
Yes, at 916 sqft, the living area is below the averages for both the Minnetonka area and the city overall. It is best suited for individuals, couples, or small families looking for a manageable space.
2. Why is the assessed value so much lower than the area average?
The assessed value of $35.70k is significantly below the Minnetonka average. This typically reflects the property's smaller size and older age relative to others in the area, which can result in lower municipal property taxes.
3. How does the lot size compare?
The 5,596 sqft lot is below average for Minnetonka but is closer to the city-wide average. It provides a decent outdoor space for a home of this size, without being overly demanding to maintain.
4. What does the sale history indicate?
The home sold in the $250,000 to $300,000 range in 2019. For the exact sale price, you can request details via email from the listing source.
5. Is the home older than others on the street?
Interestingly, no. Built in 1972, it is actually newer than many homes on Glenthorne Crescent, ranking in the top 26% for year built on its own street. The neighbourhood itself is largely comprised of homes from the same era.