Property Overview
1126 Moncton Avenue is a 1,080 sqft bungalow built in 1968, situated on a 4,199 sqft lot in Winnipeg's Munroe East neighbourhood. The home presents a practical and straightforward opportunity in the market.
Key Characteristics & Appeal
The primary appeal of this property lies in its efficient living space and its position as a relatively newer build within its immediate context. Built in 1968, it is notably newer than many homes on its street and in the Munroe East area, which can suggest updated infrastructure and potentially lower immediate maintenance needs compared to older peers. The living area is above average for the local area, offering comfortable space for its footprint.
Its assessed value is notably below average for both the wider city and the Munroe East area, positioning it as an accessible entry point into homeownership. The lot size is compact, which translates to less yard upkeep—a plus for those seeking a low-maintenance property. This combination of a newer build, manageable size, and a below-average tax assessment creates a value-oriented proposition.
This home would best suit first-time buyers or practical downsizers looking for a no-fuss, single-level living option in a mature neighbourhood. It’s a property for buyers who prioritize function and affordability over premium lot size or city-wide comparisons.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value for tax purposes is not the same as market value. This assessment is based on historical data and municipal formulas, and its lower value compared to the city average primarily reflects the home’s specific characteristics and the prevailing values in its immediate area, which can result in lower property taxes.
2. What does the "newer" year built really mean for a 1968 home?
While 1968 is not new in absolute terms, it is newer than the average home on Moncton Avenue (avg. 1955) and in Munroe East (avg. 1960). This relative advantage could mean electrical, plumbing, or foundational elements are a decade or more younger than neighbouring houses, which is a meaningful detail in older neighbourhoods.
3. How does the compact lot size affect the property?
The 4,199 sqft lot is below average for the street and area. This means smaller outdoor maintenance responsibilities and less private yard space. It’s a trade-off that appeals to those wanting ease of upkeep but may not suit buyers looking for extensive gardens or outdoor recreation space.
4. The home last sold between 2019-2025 for an estimated $200k-$250k. What does that indicate?
This recent sale history shows active market interest within the past 5-7 years. The price range aligns with the home’s profile as an affordable, entry-level property. It provides a concrete, recent benchmark for its market value, separate from its government assessment.
5. How should I interpret the various ranking percentages?
The rankings compare this home to groups of "comparable" properties. For example, its Living Area is in the Top 23% for Munroe East, meaning it’s larger than 77% of similar homes in the area—a positive. Conversely, its Land Area is in the Top 81%, meaning 80% of comparable lots are larger—highlighting its compact nature. These stats are best used to understand its relative standing within different peer groups.