Property Overview & Key Characteristics
This 1,014 sqft bungalow, built in 1968, presents a practical opportunity in Winnipeg's Munroe East neighbourhood. Its primary appeal lies in the balance it strikes: the home itself is modest in size and value, but it sits on a notably generous 5,500 sqft lot for its immediate area, ranking in the top 6% on its street. This creates a clear value proposition centred on land potential.
The home suits two main types of buyers. First, it's ideal for a practical, value-conscious buyer looking for a solid entry point into homeownership, who is comfortable with a home that may require updates and sees the large lot as a long-term asset for gardening, expansion, or simply extra space. Second, it could appeal to an investor or builder who recognizes the underlying land value relative to the assessed structure, viewing it as a candidate for future redevelopment or significant renovation.
A thoughtful perspective is that while the living space is below average city-wide, its size is actually very typical for the Munroe East area, suggesting it fits the neighbourhood's character. The assessed value is above average for the local area but around average for the street, indicating a stable, established setting without premium pricing.
Frequently Asked Questions
1. Is the sold price from 2024 the exact price paid?
No, the listed sold price is a range based on public data. To obtain the exact sale price, you must request it via email from the service; they provide this detail manually.
2. How does the lot size compare to nearby properties?
The 5,500 sqft lot is a key feature. It's significantly larger than the average lot on Battershill Street (5,244 sqft) and in the Munroe East area (4,958 sqft), ranking it 2nd largest out of 34 on the street.
3. What does the "below average" living area ranking mean for daily life?
While the 1,014 sqft living area is below the Winnipeg city average, it is almost exactly the average size for homes in the Munroe East neighbourhood. This indicates the home's size is typical for the community, not unusually small for the area.
4. Is the assessed value high or low for the city?
The $32,500 assessed value is around the city-wide average for comparable homes. However, it's important to note this is the assessed value for taxation, not the market value. The recent sold price range ($300k-$350k in 2024) is the relevant figure for understanding current market value.
5. What can the neighbourhood analysis page show me?
That page provides an interactive map to visually compare this property with nearby homes based on key metrics like year built, living area, assessed value, and lot size, offering immediate context within a few blocks.