3 Price Drive

Property Overview: 3 Price Drive, Winnipeg

Key Characteristics & Appeal

This 952 sqft bungalow, built in 1978, presents a practical opportunity in Winnipeg's Munroe East neighbourhood. Its key appeal lies in its position as a relatively newer home within its immediate area, ranking in the top 4% for year built on its street and in the broader neighbourhood. This suggests potentially fewer immediate concerns with aging infrastructure compared to older peers.

The home sits on a 2,753 sqft lot, which is typical for Price Drive but smaller than most lots in both Munroe East and the wider city. The living space is modest, below the city-wide average, aligning with its assessed value, which is notably lower than averages across all comparison levels. This creates a clear value proposition: a newer, low-maintenance structure in an established area at a very accessible price point. It would suit first-time buyers, downsizers, or investors seeking an entry into the market with a home that may require less upfront work. The 2022 sale in the $200k-$250k range reinforces its position as an affordable option. A thoughtful perspective is that while the lot is compact, it offers manageable outdoor space with lower maintenance demands, which can be a hidden benefit for those seeking simplicity.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects factors like the home's smaller size and lot dimensions compared to the Winnipeg average. It is more in line with values in its immediate Munroe East area, indicating the assessment is likely accurate for this type of property in this location.

2. What does "Elite" ranking for year built mean?
It means this home is one of the newest on its street and in the Munroe East area. Built in 1978, it is newer than 96% of comparable properties nearby, which can be an advantage for systems like wiring, plumbing, and roofing.

3. Is the lot size a disadvantage?
While smaller than many city lots, it is average for Price Drive itself. This can mean lower maintenance costs and less yard work, which some buyers may prefer. It's important to consider your personal needs for outdoor space.

4. How can I find out the exact past sale price?
The exact sold price history is available by request. You can provide your email using the form on the property page to receive the accurate figure manually, typically by the end of the same day.

5. How does this home compare to others on the street?
The data shows it is very average for Price Drive in terms of living and land area, but it is the newest home ranked on the street. Its assessed value is among the lowest on the street, consistent with its smaller footprint.