Property Overview & Appeal
This 696 sqft bungalow at 17 Pike Crescent, built in 1969, presents a straightforward opportunity in Winnipeg's Munroe East neighbourhood. Its key characteristic is its modest scale: the living area is notably compact, ranking well below the average for both the wider area and the city. The lot size of 3,334 sqft is also smaller than most on its street. However, this translates into a relatively low assessed value, positioning it as an accessible entry point. The home last sold between 200k–250k in 2017.
Its appeal lies in its practicality and potential. It suits first-time buyers seeking affordability and lower maintenance, or investors looking for a manageable rental property. A thoughtful perspective is that a smaller, efficiently designed home on a modest lot can mean significantly lower utility costs, property taxes, and upkeep time compared to larger averages. While not a sprawling property, its age is actually above average for Munroe East, suggesting it exists in an established, stable pocket of the neighbourhood.
Frequently Asked Questions
1. Is this a small house?
Yes. At 696 sqft, the living area is significantly below the averages for Munroe East (1,009 sqft) and Winnipeg overall (1,342 sqft). It is designed for efficient, low-maintenance living.
2. What does the assessed value tell me?
The assessed value of $24,500 is below average for the street, area, and city. This typically correlates with lower property taxes, which is a key part of the home's affordability.
3. How does the lot size impact the property?
The lot is 3,334 sqft, which is smaller than most neighbours. This means less yard maintenance but also less private outdoor space. It’s a trade-off that contributes to the home's lower-maintenance profile.
4. The home sold in 2017. Can I find out the exact price?
The public record shows a range of CA$200k–250k. The exact sale price is available by request from the listing service, which they provide manually via email.
5. Who would this property suit best?
It's ideally suited for a first-time buyer prioritizing entry into the market with manageable costs, or an investor seeking a modest single-family rental. Its scale may not fit those needing more space or a large yard.