Property Overview: 830 Minto Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct profile centered on space and value within its immediate neighborhood. Built in 1914, it is a character property that is notably older than many on its street. Its primary appeal lies in its above-average living area (1,306 sq ft) for both Minto Street and the broader Minto area, offering more interior space than most comparable local homes. This is balanced by a modest lot size and a relatively low assessed value.
The property would suit a practical buyer looking for more room in a central neighborhood without a premium price tag. It’s a fit for those who value interior square footage over a large yard or modern construction, and for whom a lower assessment might signal an opportunity for value-adding renovations. A thoughtful perspective is that its age, while requiring due diligence, offers a classic architectural foundation often absent in newer builds on the street.
Section 2: Frequently Asked Questions
1. Why is the assessed value notably lower than the city-wide average?
Assessed values are based on a mass appraisal system considering factors like age, size, location, and market trends. This home’s age (1914) and smaller lot size contribute to its assessment ranking in the bottom 12% city-wide, though it is more average within its own neighborhood.
2. How significant is the home’s age?
At 112 years old, it is among the older homes on Minto Street. This warrants a thorough inspection to understand the condition of major systems (plumbing, electrical, foundation) and any updates that have been made, but also contributes to its character.
3. The home last sold between $150k-$200k in 2019. What does this indicate?
This past sale price, which was below average for the area and city at that time, is consistent with the home’s profile of older age and lower assessed value. It highlights the property’s position as a value-oriented entry in the market.
4. How does the living space compare to nearby homes?
This is the home’s standout feature. With 1,306 sq ft, it offers substantially more living area than the average on Minto Street (~995 sq ft) and in the Minto area (~1,060 sq ft), placing it in the top 20% locally.
5. What is the context of the lot size?
The lot is 2,668 sq ft, which is fairly typical for the Minto area but below the Winnipeg city average. This means outdoor space is modest but in line with neighborhood norms, potentially requiring less maintenance.