Property Overview & Key Characteristics
This bi-level home at 492 Weedon Street presents a practical opportunity in Winnipeg's Munroe East neighbourhood. Its key appeal lies in a combination of solid fundamentals and relative value. The house sits on a generous, nearly 6,000 sqft lot, offering ample outdoor space that ranks well above average for the immediate street and area. A recently renovated basement adds modern living space to the 1,130 sqft footprint. The home’s assessed value is notably strong for the neighbourhood, ranking in the top 2%, which suggests it is well-positioned relative to nearby properties.
The property would suit first-time buyers or downsizers looking for a manageable home with a low-maintenance bi-level layout and a sizable yard. It also appeals to value-conscious buyers who prioritize a renovated interior and a lot with potential over a brand-new build. A less obvious perspective is that its above-average rankings for lot size and assessed value on a street with older homes could indicate it's a standout property on the block, potentially offering a good balance of established community and individual upside.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
At 5,997 sqft, the lot is significantly larger than many in the area. It ranks in the top 59% on its own street and the top 88% within the wider Munroe East neighbourhood, meaning you're getting more outdoor space than most comparable properties.
2. The home was built in 1983. What does that mean for maintenance?
A 1983 build is newer than many homes in Munroe East, where numerous properties date to the 1950s. This suggests potentially updated core systems compared to the neighbourhood's older stock, though a standard inspection for a home of this age is still essential.
3. What is indicated by the high assessed value ranking?
The assessed value ranks in the top 2% for Munroe East. This typically reflects the municipality's view of the property's value relative to its neighbours, often influenced by factors like lot size, renovations, and overall condition. It can be a marker of a well-maintained home in its local context.
4. Is the detached garage a standard feature here?
Yes, a detached garage is a noted feature. This is common for the area and period, offering secure parking and additional storage separate from the house.
5. How does the living space compare to nearby homes?
At 1,130 sqft, the living area is comfortably sized. It's larger than several referenced homes on nearby streets (which are often under 1,100 sqft), though some newer or differently styled homes in the area may offer more. The renovated basement effectively adds to the usable space.