Property Overview
This home at 1254 Barratt Avenue in Winnipeg's Minto neighbourhood presents a specific and practical value proposition. Its key characteristics paint a picture of a modest, older home on a relatively generous lot. The 800 sqft living area is compact, ranking below average for its street, neighbourhood, and the wider city. However, it sits on a 3,888 sqft lot, which is notably larger than many in the Minto area. Built in 1953, the house is newer than many of its immediate neighbours. The assessed value is approximately $27,100, which is around the average for Minto but significantly below the Winnipeg city average.
The appeal here is grounded in fundamentals rather than luxury. The primary draw is the land itself—a sizable, flat lot in a mature neighbourhood that offers potential for expansion, gardening, or outdoor space uncommon for the area. It suits a pragmatic buyer, such as a first-time homeowner comfortable with a smaller footprint, an investor looking for a land-value play, or someone seeking an affordable entry into the market with a clear vision for renovation or future development. It’s a property where the value is more in what you could do with it over time, rather than in its current condition.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is not market value; it's a tax assessment. This figure reflects the property's value relative to others in its specific area (Minto) for municipal tax purposes. The significant difference from the city average highlights the variation in property values between neighbourhoods.
2. Is the smaller living area a major drawback?
It depends on your needs. For a single person, couple, or small family, 800 sqft can be efficient and manageable. The trade-off is the larger lot, which can offset the smaller interior if outdoor space or future expansion is a priority.
3. What does the "above average" year built ranking mean for a 1953 home?
In the context of Minto, which has many homes built earlier in the 20th century, a 1953 build date is relatively newer. This could suggest construction methods or home styles that are somewhat more modern than the neighbourhood's oldest properties, though major systems will still likely need updating.
4. How reliable are the sold price ranges shown?
The listed ranges are based on public data and provide a general ballpark. For the exact historical sale price, which is crucial for accurate offer planning, you must request it directly via the provided email service, as this data is not always fully disclosed in public records.
5. What is the immediate neighbourhood like?
The listing shows several nearby properties on the same street, suggesting a typical, close-knit residential block. The "neighbourhood analysis page" mentioned would provide a detailed map view to better understand the mix of homes, lot sizes, and conditions on the surrounding streets.