Property Overview: 78 Winslow Drive, Winnipeg
Key Characteristics & Appeal
This home at 78 Winslow Drive in Minnetonka is a practical, mid-century property built in 1975. With 1,160 square feet of living space, it is notably more compact than other homes on its street, positioning it well for those seeking a manageable layout without excessive upkeep. The lot size of 6,504 square feet is a standout feature, offering above-average outdoor space for the city, which presents opportunities for gardening, expansion, or simply more private yard area than many newer lots provide.
Its appeal lies in its established neighbourhood setting and its value as a solid, no-frills foundation. The home’s assessed value and recent sale history suggest it is priced accessibly within the market. This property would suit first-time homebuyers, downsizers looking for a single-level living option (subject to confirmation of layout), or investors seeking a rental property in a stable area. It’s a home for those who prioritize land size and location over move-in-ready perfection or spacious interiors, appealing to someone with a vision for gradual updates or who values lower property taxes associated with a modest assessment.
Frequently Asked Questions
1. How does the home’s size compare to the neighbourhood?
The living area is below average for Winslow Drive itself but is closer to the average when compared to the broader Minnetonka area and the city. This indicates a cozier home on a street with generally larger houses.
2. What does the lot size ranking mean for me?
While the lot is around average for the immediate area, it ranks in the top 22% city-wide. This means you are getting a larger-than-typical yard for Winnipeg, which is a significant asset for privacy, recreation, or future projects.
3. The home was last sold in 2024. Why is it back on the market?
The brief ownership period could be due to many neutral factors, such as a change in job location, financial circumstances, or a quick investor resale. It does not inherently indicate a problem with the property and should be explored with your real estate agent.
4. Is the assessed value the same as the market value?
No. The assessed value (approximately $39,800) is used for calculating municipal property taxes. The market value—what a buyer would pay—is significantly higher, as indicated by the recent sale price range of $350k-$450k. Taxes will be based on the lower assessed value.
5. The home is 51 years old. What should I be concerned about?
As with any home of this age, the condition of major systems like the roof, plumbing, electrical, and foundation should be a primary focus during a professional home inspection. The potential for original windows, insulation, or HVAC systems nearing the end of their lifespan should be budgeted for.