Property Overview
This home at 1018 Consol Avenue in Winnipeg's Munroe East neighbourhood presents a solid, mid-century property with notable value in its immediate area. Built in 1967, it sits on a just-over 5,000 sqft lot with roughly 1,040 sqft of living space. The data suggests its primary appeal is not in its size, which is fairly typical for the street and city, but in its strong relative valuation within the community. Its assessed value ranks in the top 10% on its own street and top 7% in Munroe East, indicating it is considered a higher-value property among its closest peers. This points to a well-maintained or updated home in a context of older housing stock. Recent sale history shows a significant price increase between 2019 and 2021.
This property would likely suit a practical buyer looking for a established neighbourhood character without sacrificing perceived value. It's ideal for someone who appreciates a home that stands out positively in its local market, possibly due to upgrades, lot placement, or condition. It could be a good fit for a first-time buyer seeking a sound investment in a stable area or a downsizer looking for a manageable property with a decent lot size. The numbers suggest you're buying into a home that has already seen substantial appreciation, so it may appeal to those who value demonstrated growth over finding a "diamond in the rough."
Frequently Asked Questions
1. What does it mean that the assessed value is in the top 7% for the area, but the living area is only average?
This typically indicates that factors beyond pure square footage are boosting the property's official valuation. This could be due to recent renovations, high-quality finishes, a desirable layout, or an advantageous lot location. It suggests the home offers more intrinsic value than its size alone might imply.
2. The sold price jumped significantly between 2019 and 2021. Is this trend common for the area?
While the broader market saw increases in that period, the scale of this jump is notable. It's important to investigate what changed—was the home renovated, or does it reflect a unique premium for this specific property? Comparing the sale history of the nearby properties listed can provide essential context.
3. The home was built in 1967. What should I be mindful of with a house of this age?
While newer than many on its street (ranking in the top 19%), a 59-year-old home will still require scrutiny. Key systems like roofing, plumbing, electrical, and the foundation should be professionally inspected. The potential for original windows, insulation, or HVAC systems nearing the end of their lifespan should be considered in planning and offers.
4. How does the lot size of 5,001 sqft compare, and what are the possibilities?
The lot is very typical for the street and Munroe East. It provides a standard urban yard space. For city-wide comparisons, it's smaller than the average, meaning you're buying into a neighbourhood with more compact lots. This is ideal for lower-maintenance outdoor space but may limit additions or extensive landscaping projects.
5. You offer to provide the exact sold price history by email. Why isn't it just listed?
Sold price data can be inconsistently reported in public records. We manually verify the exact figures from trusted sources to ensure accuracy. This email-based system allows us to provide confirmed data directly to serious viewers without cluttering the public page with unverified information. No marketing lists are created from these requests.