Property Overview: 11 Prevette Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 11 Prevette Street in Munroe East presents a distinct profile defined by its value proposition and practical footprint. Its key characteristic is a notable contrast: while the 840 sqft living area is modest and below average for the neighbourhood and city, its assessed value of $340k ranks highly within its immediate area. This suggests you are purchasing a premium position on a desirable street more than a large interior space. The lot size is a standard neighborhood parcel at just under 5,000 sqft, and the home was built in 1969, aligning with the area's typical age.
The appeal lies in its efficiency and location. It’s a property for those who prioritize land value and a established community over square footage. It suits pragmatic first-time buyers or downsizers looking for a manageable home without a hefty renovation project, and investors who recognize the underlying value in the lot and location. A thoughtful perspective is that this home likely represents an opportunity to own in a well-regarded micro-location without the premium typically attached to a larger, updated house, making it a strategic entry point into the area.
Section 2: Frequently Asked Questions
1. Is the house small for the price?
The living area is below average, which is reflected in the price. The value is anchored more in the lot and its position on a street where property assessments are generally high, indicating a stable, desirable location.
2. How recent are the sales, and what did nearby homes sell for?
The property sold in 2021 for an estimated $250k-$300k and again in 2024 for $350k-$400k. Direct neighbours on Prevette Street have sold in recent years, providing a clear picture of the street's market activity.
3. What does the "rank" and "top" percentage mean for the assessed value?
An assessed value ranking in the "Top 11%" for Munroe East means this home's official valuation is higher than 89% of comparable properties in the area, signaling it is considered a high-value asset within its local market.
4. Is the 1969 build date a concern?
While it's one of the newer homes on its specific street, it is a 57-year-old property. Buyers should anticipate maintenance consistent with its age and consider a thorough inspection to understand the condition of major systems like roof, plumbing, and wiring.
5. Can I get the exact historical sale prices?
The precise sale prices are not published publicly. The listing service offers to provide the exact figures via email upon request, which they manually verify and send.