Property Overview & Appeal
This well-established home at 78 Glenthorne Crescent in Winnipeg's Minnetonka neighbourhood presents a compelling opportunity. Built in 1972, its key appeal lies in its strong relative value and above-average space for its immediate area. With 1,258 sqft of living area, it ranks in the top 26% on its own street, offering more interior space than many neighbouring homes. The assessed value of $46,100 also places it in the top 20% on the street, suggesting a favourable valuation compared to nearby properties. The lot size of 5,596 sqft is manageable, offering outdoor space without the burden of excessive maintenance.
The home’s primary appeal is for value-conscious buyers seeking a solid foundation in a mature neighbourhood. It suits first-time homeowners or downsizers who prioritize a property that stands out positively on its block in terms of both size and assessment, indicating a potentially sound investment relative to its peers. A thoughtful perspective is that while the lot is smaller than the area average, this often translates to lower upkeep costs and less time spent on yard work—an underrated benefit for many modern buyers. The home’s last known sale in the $400k-$450k range in 2021 provides a recent benchmark for market comparison.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it ranks above average on its own street for both living area and assessed value, meaning it likely offers more space and is valued higher than most direct neighbours. Compared to the wider Minnetonka area and city, however, it sits closer to the average, positioning it as a standout on its crescent but typical of the broader market.
2. What does the assessed value tell me?
The assessed value of $46,100 is used for calculating property taxes. Its ranking in the top 20% on the street suggests the municipal assessment is proportionally higher than on neighbouring homes, which can sometimes indicate perceived value but also directly influences your annual tax bill.
3. Is the lot size a disadvantage?
At 5,596 sqft, the lot is below the average for the Minnetonka area. This means less private outdoor space than some homes in the neighbourhood. However, it is near the city-wide average and offers a manageable yard, which can be a positive for those seeking lower maintenance.
4. The home was built in 1972. What should I consider?
As a home from the early 1970s, prospective buyers should budget for potential updates to major aging components like roofing, windows, plumbing, or electrical systems. A thorough home inspection is essential to understand the current condition and any imminent capital costs.
5. How can I find out the exact past sale price?
The listed sale price range for 2021 is based on public data. To obtain the exact historical sale price, you must request it directly via the email service provided on the listing page. The service manually retrieves and shares this precise data.