Property Overview: 30 Prevette Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 960 sqft bungalow, built in 1970, sits on a just-under 5,000 sqft lot in the Munroe East neighbourhood. Its core appeal lies in its solid value proposition within its immediate area. While the living space is modest compared to the city-wide average, the home stands out for its above-average assessed value for both its street and neighbourhood, ranking in the top 6%. This suggests it may be a well-maintained or updated property relative to its local peers. The lot size is typical for the area, offering standard outdoor space.
The property would suit practical, value-conscious buyers such as first-time homeowners or downsizers looking for an affordable entry into a stable neighbourhood. It represents a "middle-of-the-road" option on its street—not the largest, but holding its value well. A thoughtful perspective is that this home likely offers predictability; its metrics are consistently average to above-average for Munroe East, indicating a property that aligns with community norms rather than standing out as an outlier, which can be an advantage for long-term resale.
Section 2: Frequently Asked Questions
1. What does the "above-average assessed value" actually indicate?
It means the municipal property assessment for this home is higher than most of its immediate neighbours and similar homes in Munroe East. This often reflects factors like recent updates, better condition, or desirable lot features compared to local peers, though it can also influence property taxes.
2. How does the living area compare to a typical Winnipeg home?
At 960 sqft, the living space is below the city-wide average (1,342 sqft). However, it is perfectly in line with the average for both Prevette Street and the broader Munroe East area, indicating this is a typical home size for this specific community.
3. What can the recent sold price history tell me?
The home sold in 2019 for an estimated $200k-$250k and again in 2020 for $300k-$350k. This significant increase over a short period is notable. For the exact sale prices, you must request the information directly via the provided email service.
4. Is the lot size a pro or a con?
The 4,998 sqft lot is very typical for the area. It’s neither unusually large nor small for Munroe East, so it provides standard yard space without the higher maintenance of a much larger lot or the limitations of a much smaller one.
5. The home was built in 1970. What should I consider?
Built 56 years ago, this home is slightly newer than the average in Munroe East but typical for the city. Buyers should plan for a standard suite of inspections common to homes of this era, focusing on the roof, windows, and major mechanical systems, which may be at or beyond their typical lifespan.