Property Overview: 640 Denson Place, Winnipeg
Key Characteristics & Appeal
This 1,267 sqft home, built in 1993, sits on a notably generous 4,718 sqft lot in the Minto neighbourhood. Its primary appeal lies in its strong positional value within its immediate area. The lot size is exceptional, ranking in the top 2% on its street and top 7% in Minto, offering above-average outdoor space for the locale. Similarly, its assessed value of $390k places it in the elite top 2% for Minto, suggesting it is perceived as a higher-value property within the community. The living space is comfortably above average for both the street and neighbourhood.
The home represents a solid, established property in a mature setting. It would suit a buyer looking for a well-sized lot in a central Winnipeg neighbourhood without the upkeep of a much older home. It’s particularly suited for those who value space and stability over brand-new construction, and who appreciate a property that stands out in terms of lot size and assessed value within its specific community context. A thoughtful perspective is that while its city-wide rankings are average, its local dominance in key metrics like lot size indicates a premium positioning on its street—a factor often more felt in daily living than broad statistics.
Frequently Asked Questions
1. How does this home compare to others nearby?
The data shows it compares very favourably within Minto and on its own street. It has more living space and a significantly larger lot than most immediate neighbours, and its assessed value is in the top tier for the neighbourhood.
2. What does the "Elite" ranking for Assessed Value in Minto indicate?
This means the property’s official assessed value is higher than approximately 98% of comparable homes in the Minto area. This typically reflects a combination of its above-average living area, its premium lot size, and overall condition relative to other homes in the neighbourhood.
3. The city-wide lot size ranking is average. Why is the lot considered a key feature?
While average compared to all Winnipeg lots, it is far larger than most in Minto. This means you get more private outdoor space than is typical for the area, which is a tangible advantage for gardening, recreation, or future expansion, without moving to a less central neighbourhood.
4. The home sold between $350k-$400k in 2020. What might explain the current $390k assessment?
The assessed value is very close to its previous sale price, which suggests the property market in this area has remained stable. The assessment aligns with its high standing within Minto, even if broader city prices have fluctuated.
5. Is a 1993-built home considered modern or older?
In context, it’s newer than most in Minto (top 3%), where many homes are from the 1930s. City-wide, it’s above average in age ranking. It likely offers modern wiring and insulation compared to much older homes, but may still require updates to fixtures, windows, or major systems that reach the end of their lifespan.