Property Overview: 724 Denson Place, Winnipeg
Key Characteristics & Appeal
This home, built in 1994, presents a compelling blend of relative modernity and established neighbourhood character. Its primary appeal lies in its strong standing within the immediate Minto area, where it consistently ranks above average or elite in key metrics. With 1,169 sqft of living space and a 4,482 sqft lot, it offers more room than many local comparables. The standout feature is its assessed value, which places it in the top 2% for the Minto area, suggesting it is perceived as a high-value property relative to its neighbours. This combination indicates a well-maintained, desirable home on its street.
The property would suit practical buyers looking for a home that outperforms its immediate surroundings. It’s ideal for someone who values a newer build in a mature neighbourhood, appreciates a larger-than-average lot for the area, and sees the benefit in a property with an assessment that suggests solid upkeep and investment relative to the local market. It offers a "big fish in a small pond" appeal, providing above-average amenities for the specific community without the premium of a city-wide luxury property.
Frequently Asked Questions
1. Why is the assessed value so high for the Minto area?
The assessment places this home in the elite top 2% for its neighbourhood. This typically reflects a combination of factors like the home's condition, improvements, lot size, and its newer construction date (1994) compared to the area's average, signaling it is a premium property within this specific locale.
2. How does the living space compare to typical Winnipeg homes?
At 1,169 sqft, the living area is slightly above average for Minto and the immediate street, but is somewhat below the city-wide average. This highlights the home's spaciousness within its own community, though buyers accustomed to newer suburban layouts may find it moderately sized.
3. What does the "Elite" ranking for Year Built mean?
Built in 1994, this home is among the newest 2-3% on its street and in the Minto area. In a city with many older homes, this offers advantages like potentially newer building materials, electrical systems, and insulation, reducing the immediate need for major updates.
4. The last sale was between $300k-$350k in 2017. How is that relevant today?
This historical price provides a benchmark for past market value. Given that the current assessed value is significantly higher than the area average, it suggests substantial appreciation or improvements since 2017. However, current market conditions will ultimately determine the present value.
5. Is the lot size a major feature?
Yes, particularly for the neighbourhood. At 4,482 sqft, the lot is in the top 10% for Minto, offering more outdoor space than most nearby properties. While it's around average city-wide, this is a distinct local advantage for privacy, gardening, or expansion.