Property Overview
641 Clifton Street is a character home in Winnipeg’s Minto neighbourhood that stands out for its generous proportions and established lot. Built in 1907, it offers a blend of historic charm and above-average space for its immediate area.
Key Characteristics & Appeal
The primary appeal of this home lies in its spaciousness relative to its neighbours. With 1,592 square feet of living area, it ranks in the top 6% on its street and top 7% in the Minto area, offering significantly more interior room than local averages. It sits on a 4,603 sqft lot, which is also larger than most nearby properties, providing valuable outdoor space.
Its assessed value of $300,000 is above average for both Clifton Street and the Minto neighbourhood, suggesting it is a substantial property within its local market. A thoughtful perspective is that this home represents an opportunity for buyers seeking a "larger fish in a smaller pond"—it offers the space of a more suburban property while being situated in a mature, established community.
This property would best suit a buyer who appreciates classic, early-20th-century architecture and is prepared for the maintenance that comes with a 119-year-old home. It’s ideal for someone looking for a generous layout and yard without leaving the city core, potentially offering room to grow or customize. The data indicates it may appeal to a value-conscious buyer looking for more square footage per dollar within the Minto area compared to city-wide averages.
Frequently Asked Questions
1. How does the home’s age affect its value and condition?
Built in 1907, the home is among the oldest on the street. While this adds character, it typically means potential for older systems (like plumbing or wiring) and a need for diligent maintenance. The assessed value remains strong for the area, suggesting the condition has been maintained.
2. Is the assessed value in line with recent sale prices?
The home last sold between $250k-$300k in 2019. Its current $300k assessment aligns with the top of that range, indicating stable or slightly appreciating value in the local context over the past six years.
3. How does the lot size compare to typical city lots?
At 4,603 sqft, the lot is above average for Minto but around the median city-wide. This means you get a sizable yard for the neighbourhood, though it may be smaller than lots in newer suburban areas.
4. What does the "top percentile" ranking mean for living area?
Ranking in the top 6-7% for living area in Minto means this home is genuinely spacious compared to most immediate alternatives. It offers over 500 more square feet than the area average, a significant difference for daily living.
5. Why is the city-wide assessed value ranking lower?
While the home’s value is strong locally, it ranks below the city-wide median. This reflects a common market pattern where older core neighbourhoods have different value benchmarks than newer or higher-priced suburban areas, not necessarily a drawback for buyers focused on the Minto community.