475 Besant Street

Property Overview: 475 Besant Street, Winnipeg

Key Characteristics & Appeal

This home, built in 1959, presents a compelling opportunity in Winnipeg's Munroe East neighbourhood. Its primary appeal lies in the combination of a very generous lot and a strong assessed value relative to its immediate area. With 6,329 square feet of land, the property offers an above-average yard size, ranking in the top 13% on its street and top 6% in the broader Munroe East area. This is a standout feature for buyers seeking outdoor space, garden potential, or future expansion.

The 1,038 sqft living area is consistent with the average for similar homes nearby, suggesting a practical layout for a smaller household or first-time buyer. A thoughtful perspective is the home's apparent value stability; its assessed value of $35,500 ranks in an elite tier (top 4%) on its street and well above average for the area, which can indicate a solid foundation for municipal tax and valuation purposes. Past sale prices show appreciation between 2017 and 2022. This property would suit a practical buyer who values land size over a large interior footprint, or an investor/owner looking for a home with a strong foundational value proposition in a mature neighbourhood. It’s a home that offers more outside than in, which is a less common find in city settings.

Frequently Asked Questions

1. What does the "Elite" assessed value ranking mean for me?
This indicates the home's municipal assessed value is very high compared to its direct neighbours. It doesn't dictate market price, but can signal that the property is viewed as a substantial asset within its specific local context, which can be a positive for long-term value.

2. Is the larger lot size typical for the area?
No, it's not typical. The lot is significantly larger than most in Munroe East, ranking in the top 6% for the area. This is one of the property's key advantages.

3. The home was built in 1959. What should I consider?
While the age is average for the street, a home of this vintage will likely require a thorough inspection for updates to major systems like plumbing, electrical, and the roof. Its classic construction also offers potential for renovation and customization.

4. How do I find out the exact historical sale prices?
The exact sold prices are not publicly displayed. As noted on the detail page, you can request this information via email from the listing service, and they aim to provide it manually by the end of the same day.

5. How does the living space compare to a typical Winnipeg home?
At 1,038 sqft, the interior is moderately sized. It's on par with the Munroe East average but is notably smaller than the current city-wide average for homes. This emphasizes the property's appeal as a land-focused purchase rather than one centered on extensive interior square footage.