Property Overview

This home at 88 Metz Street in Winnipeg's Minnetonka neighbourhood presents a compelling opportunity defined by its generous lot size and solid, above-average positioning within its immediate area. Built in 1975, the 1,412 sqft house sits on a notably large 8,667 sqft lot, which ranks in the top 9% citywide and the top 6% on its own street. This lot size is a standout feature, offering significant outdoor space and potential that is increasingly rare. The home’s assessed value of $45,400 is consistently above average for its street and neighbourhood, suggesting it is a well-regarded property in its local context. It last sold for an estimated $300k–$350k in 2023.

The primary appeal lies in the balance of space and established location. The property offers more interior room than most on its street and a lot that provides privacy, room for gardens, play, or expansion. It would suit practical buyers who value outdoor space over a brand-new build, such as families looking for a sizable yard, or value-oriented investors attracted to a property with strong fundamentals in a stable neighbourhood. It’s a home for someone who sees the underlying asset—the land and a solidly built house—and is less concerned with modern finishes.

Frequently Asked Questions

1. How does the lot size compare to typical properties?
The 8,667 sqft lot is a key advantage. It is significantly larger than the average for the street (5,884 sqft), the Minnetonka area (7,904 sqft), and the city overall (6,570 sqft), placing it in the top 9% citywide.

2. What does the assessed value indicate?
The $45,400 assessed value is above the local street and neighbourhood averages. This typically reflects the municipality's view of the property’s worth relative to others, often considering lot size, living area, and condition. It's consistently ranked in the top third of comparable properties.

3. When was it last sold and for roughly how much?
The property was sold in 2023. Public data indicates a sold price range of $300,000 to $350,000. The exact sale price can be requested directly from the listing service.

4. Is the living area considered large for the area?
At 1,412 sqft, the living area is above the average for Metz Street (1,106 sqft) and is competitive with both the neighbourhood and city averages. It offers more interior space than most direct neighbours.

5. The home was built in 1975. What should I consider?
A home of this age is likely to have undergone various updates. Prospective buyers should prioritize a thorough inspection to assess the condition of major systems like roof, plumbing, electrical, and heating, which may be nearing or past their typical lifespan unless already upgraded.