Property Overview: 96 Fernleaf Drive, Winnipeg
Key Characteristics & Appeal
This home at 96 Fernleaf Drive in Minnetonka presents a compelling mix of value and established community living. Built in 1975, its key characteristic is its position as one of the newest homes on its street, ranking in the top 3% locally for year built. This suggests potentially fewer immediate concerns with aging infrastructure compared to neighbors. The 1,116 sqft living space is modest and slightly below the street average, indicating a efficient, manageable layout rather than a sprawling one. Its appeal lies in its above-average assessed value for the immediate area and a solid, citywide above-average land area of 6,243 sqft, offering good outdoor space relative to many Winnipeg lots.
The property would suit practical, value-conscious buyers such as first-time homeowners or downsizers looking for a well-situated, lower-maintenance property in a mature neighborhood. It’s also a sensible option for investors seeking a stable rental property with a proven history, having last sold between $300k-$350k in 2019. A less obvious perspective is that its "average" metrics across the broader area signal a stable, predictable investment without the premium or risk associated with top-tier ranked homes, offering a balanced entry into the market.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,116 sqft, the home's living space is slightly below the average for Fernleaf Drive itself (~1,193 sqft) but sits close to the citywide average. It's a comfortably sized home for a smaller household.
2. What does the "Elite" ranking for Year Built mean?
This indicates the home, built in 1975, is newer than 97% of the 31 comparable homes on Fernleaf Drive. On a street of similar homes, it is one of the most recently built.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $40,800 is for municipal tax purposes. The last known sale was in the $300,000-$350,000 range in 2019. Market conditions, property upgrades, and demand determine the actual sale price.
4. How can I find out the exact historical sale price?
The provided sale data is a range from public records. You can request the exact sold price history by submitting your email via the button on the property page; the service promises a manual reply with the accurate figure.
5. What are the advantages of the lot size?
The lot of 6,243 sqft is above average for both the street and citywide. This provides more private outdoor space than many properties and could allow for future additions like a larger garden, shed, or deck, subject to local bylaws.