Property Overview: 350 Munroe Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1914, situated on a modest lot in the Chalmers neighbourhood. Its primary appeal lies in its affordability and straightforward practicality. The home features a recently renovated basement, adding functional living space to the 737 sqft main floor. Key metrics indicate it is a smaller, older property relative to most in the city, which is directly reflected in its lower assessed value.
This property would best suit a first-time buyer, an investor, or someone seeking a minimal footprint. Its price point offers an accessible entry into the market. A thoughtful perspective for the right buyer is the potential for a simplified lifestyle without the upkeep of a larger property, and the renovated basement provides immediate utility without the need for initial projects. It’s a home that prioritizes function and affordability over size or modern amenities.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A buyer should inquire for details on the rooms, ceiling height, and quality of the renovation to understand its full value.
2. How does the assessed value relate to the likely sale price?
The home is assessed at $21,400k and last sold in 2019 for $18,500k. The sale price will be determined by the current market, but these figures suggest a value well below the Winnipeg average, indicating a potentially very affordable purchase price.
3. Is the property in good condition given its age?
Built in 1914, the home is among the older on its street. While the basement is renovated, the condition of the main floor structure, roof, wiring, and plumbing should be carefully evaluated during an inspection.
4. What is the neighbourhood like?
Located in Chalmers, the home sits on a block with very similar, closely spaced properties. The area shows a mix of well-kept and more basic homes, offering a no-frills, established community feel.
5. Are there any major concerns with the lot or land?
The land area is 2,998 sqft, which is smaller than average for the street. This limits expansion possibilities but also means less exterior maintenance. There is no garage, so parking and storage should be considered.