Property Overview & Key Characteristics
This well-situated one-and-a-half storey home in Minto offers a practical blend of space, updates, and established neighbourhood character. Its key appeal lies in its generous 3,545 sqft lot—larger than most on the street and in Winnipeg—providing ample outdoor space in a city setting. The home itself features a renovated basement and a functional living area of 1,201 sqft, which ranks comfortably above average for the area. Built in 1949, it is notably newer than many surrounding properties, potentially suggesting fewer concerns associated with much older builds. The detached garage adds utility for storage or vehicle parking.
The property would suit first-time buyers or downsizers looking for a manageable home with a low-maintenance, renovated basement already complete. It also appeals to value-conscious buyers who prioritize lot size over a large interior footprint, seeing potential for gardens, play space, or future outdoor upgrades. The strong rankings for lot size and newer build year, compared to local and city-wide averages, indicate a solid, above-average foundation for the price point in this mature neighbourhood.
Frequently Asked Questions
1. What does a "renovated basement" typically mean in a home of this era?
It usually indicates functional updates like finished walls, flooring, and ceilings, possibly a modernized bathroom or utility area. It's wise to clarify the scope, permits, and the condition of foundational elements like plumbing and electrical that serve the basement.
2. How significant is the lot size compared to nearby homes?
The lot is in the top 61% on the street and top 20% in Winnipeg, making it a standout feature. This means more private outdoor space than is typical, which is a fixed asset you cannot add to most properties in mature neighbourhoods.
3. The assessed value is $28.1k, but it sold for $21.3k in 2019. What does this indicate?
The assessed value is for municipal tax purposes and often lags behind market value. The 2019 sale price is a historical data point; current market value will be driven by recent comparable sales, condition, and market trends. The gap primarily highlights the importance of a professional market valuation.
4. The home is described as "one & 1/2 storey." What are the practical implications?
This style often features main-floor living areas with a second floor under sloping roof lines, creating cozy bedrooms or flexible spaces. Ceiling heights in parts of the upper floor may be lower than in a full two-storey home, which is typical of the charm and efficient design of this era.
5. How does this property rank for its age in the area?
Built in 1949, it is newer than approximately 86% of homes on its street. In a neighbourhood with many homes built in the early 1900s, this can be a relative advantage, potentially meaning updates to major systems (like wiring or plumbing) may have occurred later in its lifespan.