Property Overview & Key Characteristics
This home at 658 Minto Street presents a distinct profile defined by its generous space and vintage character. Built in 1912, it is notably older than most homes in its immediate area and across Winnipeg. However, it compensates with above-average living space (1,401 sq ft) and a particularly sizable lot (5,762 sq ft), which ranks in the top 2% for the Minto area. This combination suggests a home with classic foundations and significant outdoor space.
Its appeal lies in this rare balance of a large, established property within a city neighbourhood. The low assessed value, while below the city-wide average, indicates a potentially accessible entry point for the amount of private land offered. It would suit a buyer with a vision for an older character home, someone who values room for gardens, additions, or outdoor projects over modern construction, or an investor looking for a property with substantial land value in a central location.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value for tax purposes is not the same as market value. This lower assessment primarily reflects the home's older age and likely its original condition, not necessarily its potential selling price, which is influenced by the desirable lot size.
2. What are the implications of the home being built in 1912?
Expect classic early-20th-century construction, which can mean solid bones but also requires diligent inspection for outdated plumbing, electrical systems, insulation, and the need for ongoing maintenance. Renovation potential is high, but projects should be planned with its age in mind.
3. How significant is the lot size, really?
A lot of nearly 6,000 sq ft in the Minto area is a standout feature. It offers rare potential for expansions, landscaping, outdoor living spaces, or even future subdivision, subject to zoning, which many newer properties in the area simply cannot match.
4. The last sold price range shows $200k-$250k in 2020. Is that relevant today?
It provides a historical benchmark, but the current market conditions, any changes made to the property since then, and the unique value of the large lot make the 2020 price a starting point for discussion, not a definitive guide for today's value.
5. What does "Elite – Top 2%" for the land area in Minto mean?
This statistic means that this property's lot size is larger than approximately 98% of the 2,063 comparable properties in the Minto area. It quantitatively confirms that the land parcel is a major and uncommon asset for this neighbourhood.