Property Overview
252 Munroe Avenue is a 1926 one-storey home in Winnipeg's Chalmers neighbourhood. Its key characteristic is a clear value proposition centered on land and location rather than interior size. The 696 sqft living area is compact, ranking below average for the street, neighbourhood, and city. However, it sits on a nearly 3,000 sqft lot, which is more generous than most on its block. The home features a renovated basement and a detached garage.
Its primary appeal lies in its affordability and potential. The recent sale price of $250k is notably below the city-wide average, positioning it as an accessible entry point into the market. It suits first-time buyers, investors, or downsizers who prioritize a manageable footprint, a lower price point, and the possibility of future updates or additions, given the decent lot size. The renovated basement adds immediate functional living space, which is a significant asset in a smaller home.
Frequently Asked Questions
1. Is the house too small?
At 696 sqft, the living area is compact. It would suit individuals, couples, or those comfortable with efficient living. The renovated basement effectively doubles the usable space, making the overall footprint more practical.
2. How does the lot size compare?
The lot is 2,998 sqft. While below the city average, it is larger than many on Munroe Avenue itself. This offers more outdoor space and potential than some immediate neighbours, which is a less obvious advantage in this price range.
3. What does the assessed value indicate?
The assessed value is significantly lower than the sale price, which is common. It primarily serves for municipal tax calculation. The sale price of $250k is a more accurate reflection of its current market value, which was above the neighbourhood average but below the city average at the time of sale.
4. Is the age of the home a concern?
Built in 1926, the home is older than most on its street and in the city. Prospective buyers should budget for maintenance consistent with a century-old property and consider a thorough inspection for systems like wiring and plumbing.
5. Who are the typical buyers in this area?
The Chalmers neighbourhood shows a mix of long-term residents and newer buyers attracted by its relative affordability. This property, with its balance of low price, renovated basement, and detached garage, would likely attract practical buyers looking for a solid foundation rather than a turn-key modern home.