Property Overview: 91 Fernleaf Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 91 Fernleaf Drive in Minnetonka presents a practical and straightforward opportunity. Built in 1975, it stands out on its street as one of the newest homes, suggesting potentially fewer age-related issues than some neighbours. With 1,120 sqft of living space and a 5,502 sqft lot, its size is comfortably average for the immediate area, offering a manageable scale for maintenance.
The primary appeal lies in its value positioning. The home’s assessed value is notably below average for its street and area, which can indicate a more accessible entry point into the neighbourhood. This is complemented by its solid sale history, with a previous transaction in the $250k-$300k range performing well against local and city-wide benchmarks. It suits first-time buyers seeking a foothold in a stable area, or investors looking for a rental property with fundamental, no-frills appeal. The data suggests a property that doesn’t stand out for size or luxury, but rather for its relative newness on the block and its history as a value-conscious purchase.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (listed as $37,700) is for municipal tax purposes. The market value, or what a buyer would pay, is typically higher and is better indicated by the home’s last sold price range of $250,000-$300,000.
2. How does the lot size compare to others?
The lot is 5,502 sqft, which is below the average for both Fernleaf Drive and the wider Minnetonka area. This means the yard space is more compact, but it also translates to less exterior upkeep.
3. The home is listed as "Elite" for year built on its street. What does that mean?
This means that among the 31 comparable homes on Fernleaf Drive, 91 Fernleaf Drive, built in 1975, is the newest or among the very newest. This is a relative strength within the immediate context of the street.
4. What can the past sale price tell me?
The home sold for between $250,000 and $300,000 in 2017. At that time, that price performed better than 91% of sales on its street and 86% in the area, indicating it was seen as a strong value purchase then—a trend that may still be relevant.
5. Where can I see how this property compares visually to its neighbours?
You can use the provided "Open neighbourhood map analysis" link to view the home on a map alongside nearby properties, comparing metrics like year built and lot size in a detailed visual format.