Property Overview: 310 Munroe Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Munroe Avenue in Chalmers is a practical property with specific, data-backed advantages. Built in 1954, it is notably newer than many homes in the wider neighbourhood, potentially suggesting fewer age-related concerns. Its primary appeal lies in its efficient use of space: with 1,055 sqft of living area, it offers more interior room than most comparable homes on its street and in Chalmers, making it a smart choice for maximizing utility on a standard city lot.
The home features a renovated basement and a detached garage. Its assessed value sits above average for the Chalmers area, indicating stable municipal valuation, yet its last sale price was below the citywide average, presenting a potential value opportunity within its immediate community. This property would best suit a first-time buyer, an investor, or a downsizer looking for a manageable, updated home in an established neighbourhood without the premium price tag of newer subdivisions. Its relatively compact lot (under 3,000 sqft) translates to less exterior maintenance, a subtle benefit for those seeking a simpler yard.
Frequently Asked Questions
1. How does the property’s size compare to nearby homes?
The living space is above average for Munroe Avenue and typical for Chalmers, while the land lot is smaller than most on the street. This points to a home that prioritizes interior space over a large yard.
2. What does the assessed value tell me?
The assessed value is above the neighbourhood average, which can be a sign of the home’s relative standing in Chalmers. However, it is below the Winnipeg average, consistent with the area’s market positioning.
3. Is the renovated basement a full suite?
The listing confirms the basement is renovated but does not specify if it is a legal suite. This would be a key point to clarify with the seller or a property inspector.
4. How does the 2019 sale price relate to today’s value?
The home sold for $22,500 in 2019. This historical price is a data point, but current market conditions, updates made since then, and the assessed value are more relevant for determining its present market value.
5. What are the implications of a detached garage?
A detached garage offers flexibility and can be a plus for workshop space or storage. It also means you’ll be walking outdoors to your vehicle, a consideration for Winnipeg winters.