Property Overview
This 1952 one-storey home at 410 Munroe Avenue in Winnipeg's Chalmers neighbourhood presents a practical opportunity. Its key appeal lies in a renovated basement and a detached garage, sitting on a decently-sized lot of just under 4,000 sqft. The home itself is compact at 812 sqft of living space, which is common for the area but below the citywide average. The data suggests a solid value proposition within its immediate community; its last sale price and assessed value are notably strong compared to other Chalmers homes, indicating it is well-regarded in its local market. This property would suit first-time buyers, downsizers, or investors looking for a manageable, updated home in an established neighbourhood without the maintenance of a larger footprint. Its above-average standing in Chalmers, contrasted with its more average or below-average citywide rankings, highlights a property that offers relative value and appeal within its specific community context.
Frequently Asked Questions
Is the house small for a family?
At 812 sqft, the main floor living area is compact. The renovated basement provides crucial additional space, making it more viable for a small family or couple, but those needing substantial main-floor square footage may find it limiting.
How does the lot size compare?
The 3,997 sqft lot is slightly smaller than average for Munroe Avenue but is actually above average for the broader Chalmers neighbourhood. This offers a good balance of outdoor space without excessive yard maintenance.
Why is the assessed value relatively low compared to the sale price?
The assessed value ($25.3k) is for municipal tax purposes and is not an indicator of market value. The recent sale price of $320k is a more accurate reflection of its market worth, which the data shows was well above average for the area.
What does "above average in Chalmers but below average citywide" mean for value?
This pattern is common for established neighbourhoods. It means the property holds strong appeal and competitive value within its local market (Chalmers), but may not have the same features (like size or newness) as homes in newer or different areas citywide. It speaks to neighbourhood-specific value.
Are homes from 1952 a concern?
The 1952 build date is around average for the street and newer than average for Chalmers. While systems like plumbing or electrical may need attention due to age, the year built is not exceptional for the area and the basement has already undergone renovation.