Property Overview: 1130 Moncton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1130 Moncton Avenue in Munroe East is a practical, entry-level property built in 1969. Its key characteristic is its modest scale: at 696 sqft, the living area is notably compact compared to most homes on its street and across Winnipeg. The lot size of 4,339 sqft is fairly typical for the local area. The home’s assessed value is relatively low, positioning it as one of the more affordable options in its immediate vicinity.
The appeal lies in its accessibility and potential. The significantly lower-than-average assessed value suggests a manageable property tax burden and an attainable entry point into the market. Its 1969 build date makes it newer than many neighbouring homes, which could imply fewer immediate concerns with aging infrastructure compared to older stock. It suits first-time buyers, investors seeking a rental property, or downsizers looking for a low-maintenance footprint without leaving the neighbourhood. Its recent sale history indicates active market interest, and its compact size presents an opportunity for a cost-effective renovation or efficient living.
Section 2: Frequently Asked Questions
1. How does the home’s size impact its value and appeal?
While the living area is compact, this is directly reflected in its lower assessed value. This creates an opportunity for buyers who prioritize location and lot size over interior square footage, or for those viewing the property as a strategic renovation project.
2. What does the 1969 build date mean for maintenance?
Being built in 1969 makes this home newer than many in Munroe East. While still over 50 years old, this can be an advantage as major systems like plumbing or electrical may have seen updates over the decades, potentially reducing the need for immediate, costly upgrades common in much older homes.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value (24.70k) is for municipal tax purposes. The recent sold price ranges (250k-300k in 2022) are market-driven and reflect what buyers were actually willing to pay, which is significantly higher. Always rely on recent comparable sales for pricing expectations.
4. How does this property compare to others on Moncton Avenue?
It has a smaller footprint and living area than most on its street but is also newer than the street average. Its assessed value is close to the street average, suggesting it is considered a fairly typical property for the avenue despite its size.
5. What is the significance of the lot size?
At 4,339 sqft, the lot is slightly smaller than the street average but offers standard outdoor space for the area. This provides room for a yard, garden, or potential expansion, which is a key asset even if the house itself is modest.