Property Overview
This home at 672 Denson Place in Winnipeg's Minto neighbourhood stands out for its above-average size and value within its immediate area. Built in 1993, the 1,462 sqft residence sits on a 4,718 sqft lot. Its key appeal lies in its relative stature: it ranks in the top 2% of homes on its street for living area, land area, and assessed value, and in the top 1% within the broader Minto area for assessed value. This suggests a property that offers more space and a higher valuation than most of its closest neighbours. The home last sold for an estimated $450k-$500k in 2022, and its current assessed value is $430k.
It would particularly suit buyers looking for a established home in a mature neighbourhood who value space and a strong positional advantage on their street. It’s a property that likely offers a sense of privacy and room to breathe compared to nearby houses, making it ideal for small families or those who appreciate a larger yard and more interior space without moving to a newer suburban area. A thoughtful perspective is that while its city-wide rankings are average, its dominance within Minto and on Denson Place itself indicates a premium property for that specific locale, which can be a stabilizing factor for value.
Frequently Asked Questions
How does this home truly compare to others nearby?
The data shows it is a standout on its own street. It has the largest living area and lot size among 58 comparable homes on Denson Place, and its assessed value is also the highest in that group. In the wider Minto area, it remains in the top 1% for value and the top 7% for lot size.
What does the sold price history indicate?
The home sold in the $450,000 to $500,000 range in 2022. The current assessed value of $430,000 is below that sale range, which may reflect market adjustments or the municipality's assessment methodology, and is a point for discussion in any offer.
Is a 1993-built home considered modern or dated?
Built 33 years ago, the home is newer than most in Minto (top 3%) and above the city-wide average for age. This suggests major components may be more recent than in many area homes, but systems like the roof, furnace, and windows are likely entering or are within their typical replacement windows.
The lot size is large for the area but average city-wide. Why is that significant?
The nearly 4,720 sqft lot is significantly larger than the Minto average (~3,267 sqft), offering more outdoor space than most local options. While average compared to all Winnipeg lots, the premium is in having that larger yard in an established inner-city neighbourhood where such space is less common.
How reliable are these rankings and comparisons?
The rankings are based on available public data for comparable properties. They provide a strong, data-driven snapshot of where this property stands relative to its immediate peers on specific metrics, which is useful for understanding its position in the micro-market.