Property Overview: 246 Munroe Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1923 on a standard city lot in the Chalmers neighbourhood. Its key features include a renovated basement and a detached garage. The living space is modest at 784 sq ft, which is typical for the immediate area but below the Winnipeg average.
The primary appeal lies in its value and practicality. With a notably low assessed value compared to its street and the city, it presents an accessible entry point into homeownership. The renovated basement adds functional living space, a significant asset in a smaller home. This property would best suit first-time buyers, investors looking for a rental property, or downsizers seeking a manageable, low-maintenance home without major renovation needs. A thoughtful perspective for buyers is to see the smaller size and older vintage not as drawbacks, but as features that keep utility costs and property taxes relatively contained, aligning with a efficient, budget-conscious lifestyle.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home's modest size and age relative to broader city averages. In the context of the Chalmers neighbourhood, its value is around average, suggesting it is priced appropriately for its location and offering potential tax savings.
2. How does the lot size compare?
The land area is approximately 2,998 sq ft. This is smaller than many lots on Munroe Avenue itself but is very close to the average lot size for the Chalmers neighbourhood, indicating it's a standard parcel for the area.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, ceiling height, proper permits, and whether it includes a bathroom or legal secondary suite potential.
4. How old is the home, and what might that mean?
Built in 1923, the home is over 100 years old. While it offers classic character, a thorough inspection is crucial to assess the condition of fundamental systems like plumbing, electrical, and the foundation, which may need updates or maintenance.
5. Who are the typical neighbours?
The nearby comparable properties, like 311 Ottawa Avenue, are very similar in size, age, and value. This suggests a stable, established streetscape of well-maintained, older homes, which can be positive for consistency but may limit future redevelopment potential.