Property Overview: 415 Minnigaffe Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a practical opportunity in Winnipeg's Robertson neighborhood. Built in 1947, its key characteristic is a modest 700 sqft living area, which is notably compact compared to city and neighborhood averages. This is balanced by a land area of 4,255 sqft that is above average for its street, offering valuable outdoor space relative to the home's footprint.
The appeal lies in its affordability and efficiency. With an assessed value significantly below city and area averages, it represents a lower barrier to entry into the housing market. It suits first-time buyers, downsizers, or investors seeking a manageable property with a favorable lot size. The home’s compact nature means lower utility costs and less maintenance, while the larger lot provides room for gardening, storage, or future expansion, a less obvious advantage in this price range. It’s a property for those who prioritize land potential and financial accessibility over interior square footage.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 700 sqft, the home is compact. It requires efficient use of space and would suit individuals, couples, or those comfortable with a minimalist lifestyle. The trade-off is a lower purchase price and ongoing utility costs.
2. How does the assessed value compare to likely selling prices?
The assessed value is $210k. Recent sold price data for the street suggests a range between $150k and $200k. For an exact historical sale price of this property, a manual lookup with the site is required.
3. What is the significance of the lot size?
The 4,255 sqft lot is a standout feature, ranking in the top 15% on the street. This is a substantial asset, offering more private outdoor space than many neighboring properties and potential for future projects like a garden, shed, or deck.
4. What is the neighborhood like for a home of this age?
Built in 1947, the home is typical for Robertson. The data shows most comparable homes in the area were built around the same post-war period, so expectations for the home’s condition and style should align with that era.
5. Are there similar properties nearby for comparison?
Yes. Nearby listings on Minnigaffe Street show a range of sizes and values. For instance, a similar assessed value home at 411 Minnigaffe is also 700 sqft, while a larger 1,304 sqft home at 436 Minnigaffe has a higher assessed value, illustrating the price-to-size dynamic in the area.