Property Summary

Key Characteristics & Ideal Buyer Profile

This is a 1,454-square-foot home built in 1912 on a 2,303-square-foot lot in Minto, Winnipeg. The living space is notably above average for the area—ranking in the top 11% locally and top 33% citywide—which gives it a generous interior footprint relative to most homes on similar lots. The assessed value is $201,000, which sits well below both the street and area averages (around $269,500 and $254,600 respectively), and is in the bottom 8% citywide. The land itself is on the smaller side, ranking in the bottom 11% for the area and bottom 2% citywide.

The appeal here is a trade-off: you get a larger house than most on your street, but on a compact lot and at a lower assessed value than the neighbours. For a buyer, that could mean more interior space without paying a premium tied to land size or a fully updated valuation. It would suit someone who prioritizes square footage over outdoor space, or who sees potential to add value through cosmetic or structural improvements—especially given the low entry point compared to similar-sized homes nearby. It may also appeal to those looking for an older character home in a central Winnipeg neighbourhood where prices for larger lots have climbed further.

Five Possible FAQs

1. How does the assessed value compare to the actual asking or market price?
The assessed value of $201,000 is well below the street average of $269,500. That doesn’t directly set the asking price, but it can be a useful reference point for property taxes and for negotiating. Buyers should check the current listing price and recent sales on Clifton Street to see how far above or below assessment the market is moving.

2. Is the lot size a concern for a single-family home?
At 2,303 square feet, the lot is small by Winnipeg standards (bottom 2% citywide). That means limited yard space, less privacy from neighbours, and possibly tighter setbacks. For someone not looking for a large garden or future expansion, it’s fine—but it’s worth noting that comparable homes in Minto typically sit on about double that land area.

3. What are the implications of a home built in 1912?
Older homes often come with outdated systems, potential for knob-and-tube wiring, lead pipes, or asbestos in insulation or flooring. The upside is character details (high ceilings, trim, layout quirks) that aren’t common in newer builds. A thorough home inspection and possibly a specialized older-home inspection are strongly recommended before making an offer.

4. How does this property rank for value compared to others in Minto?
The home’s living area is in the top 11% locally, but its assessed value is in the bottom 11%. That gap suggests you’re getting more interior space for a lower valuation than most houses in the neighbourhood. Whether that’s a bargain or a red flag depends on condition—if the interior needs work, the low value may reflect deferred maintenance rather than undervaluation.

5. Is this property likely to appreciate in value?
Appreciation depends on the overall market in Minto and on what improvements are made. The small lot and older construction may limit upside compared to newer or larger-lot homes, but the low entry price and above-average living area could attract buyers looking for more space on a budget. Upgrades to kitchen, bathroom, and mechanicals would likely boost value more than cosmetic changes alone.