Property Overview: 3 Prevette Street, Winnipeg
Key Characteristics & Appeal
This home at 3 Prevette Street in Munroe East presents a specific value proposition centered on its land and location. Built in 1970, the 840 sqft house is modest in size, ranking below average for living space both on its street and in the wider area. Its assessed value is similarly positioned around the average for the neighbourhood.
The primary appeal lies in its generous 5,698 sqft lot, which is notably larger than most on Prevette Street and in the Munroe East area. This creates a standout opportunity for outdoor space, gardening, or future expansion in a well-established community. The home last sold between 200k–250k in 2019, suggesting a historically accessible price point.
This property would best suit practical buyers who prioritize land size over a large existing footprint. It’s a fit for first-time homeowners comfortable with a smaller, older home who see potential in the lot, or for investors looking for a land-value play in a stable neighbourhood. It’s less suited for those seeking move-in-ready, spacious interiors without renovation plans.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (listed as $30,300) is for municipal tax purposes. The market value—what a buyer would pay—is determined by current market conditions and can be significantly different.
2. The house seems small. Is there room to expand?
The lot size is a key feature here. At over 5,600 sqft, it is substantially larger than many in the immediate area, which could provide a good foundation for a future addition, subject to local zoning and permit approvals.
3. How does the 2019 sale price help me today?
It provides a historical benchmark, but the market has likely changed since then. It’s most useful for understanding past trends rather than predicting the current listing or sale price.
4. What does "below average" for living area really mean for daily life?
With 840 sqft, the home is compact. It likely has fewer or smaller rooms than newer builds. Buyers should consider if the layout meets their needs for living, storage, and potential for remote work.
5. The "Year Built" ranking seems high for the area. Is that good?
Yes. Ranking in the top 13% in Munroe East for year built means this home is newer than most in its immediate neighbourhood. For a 1970s house, this is a relative advantage, potentially indicating slightly newer infrastructure compared to area averages.