Property Overview & Key Characteristics

This well-situated one-storey home in Minnetonka offers a blend of space, established charm, and practical updates. Its primary appeal lies in its generous, nearly 10,000 sqft lot—a significant asset that ranks in the top tier for size both locally and city-wide. The home itself features a renovated basement, adding valuable finished living space to the 1,054 sqft footprint. Built in 1955, it is an older home in a neighbourhood with many newer builds, suggesting a mature, established streetscape. The attached garage and lack of a pool point to a low-maintenance, practical living arrangement.

This property would suit a buyer looking for a solid foundation in a desirable area, whether that's a first-time homeowner ready to live in some original character while planning future updates, or a downsizer seeking single-level living with ample outdoor space. The large lot is a standout feature for anyone valuing privacy, gardening potential, or future expansion. Its assessed value sits in a moderate range for Winnipeg, indicating a potentially accessible entry point into the neighbourhood.

Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics should be verified with the listing agent, a renovated basement in a home of this era often means it has been finished into a livable space, such as a family room, office, or additional bedroom, and includes proper flooring, walls, and ceiling. It’s wise to inquire about the quality of the renovation, when it was done, and if any moisture-proofing or insulation upgrades were part of the project.

2. How does the older year of construction (1955) affect the home?
This means the home likely has classic charm and solid construction, but may also have original components like wiring, plumbing, or windows that could require inspection and potential updating. It’s notably older than many homes in Minnetonka, which could be a positive for those preferring established neighbourhoods with mature trees and landscaping.

3. The living area is modest, but the lot is very large. What are the implications?
This configuration is ideal if you prioritize outdoor space—for children, pets, gardening, or entertaining—over a large interior. It also presents a clear long-term opportunity: the sizable lot could potentially accommodate an addition or significant renovation to increase the home's living space, subject to local zoning.

4. The assessed value seems low compared to some nearby homes. Why?
Property assessment is for tax purposes and is based on a mass appraisal system, not current market value. A lower assessment can sometimes indicate a home that hasn’t been extensively updated or expanded relative to its neighbours, or it may simply reflect its smaller living area. It does not necessarily reflect the final sale price, but can mean relatively lower property taxes.

5. What is the neighbourhood feel like given the mix of home ages?
Minnetonka contains a range of home vintages. This property, on a street with homes from the 1950s to the 1980s, likely offers a more diverse and established feel compared to newer subdivisions. It suggests a community with a mix of long-term residents and newer families, contributing to a stable, mature neighbourhood character.