Property Overview & Appeal
This 912 sqft bungalow, built in 1959 on a 5,499 sqft lot in Munroe East, presents a straightforward, value-oriented opportunity. Its key appeal lies in its efficient scale and below-average assessed value, positioning it as an accessible entry point into the Winnipeg market. The living space is modest, ranking below average for its street and the wider city, suggesting a home best suited for individuals, couples, or small families. A notable characteristic is the lot size, which is above average for the Munroe East area, offering more outdoor space than many neighbouring properties—a potential advantage for gardening, expansion, or simply enjoying more private yard space.
The data indicates a home that is financially manageable, with an assessed value consistently below city-wide averages. This profile would suit first-time buyers seeking a lower barrier to entry, practical investors looking for a rental property, or downsizers wanting a manageable home with a generous lot. Its age (67 years) is typical for the neighbourhood, so buyers should be prepared for the maintenance or updates common to houses of this era. The property’s value proposition is grounded in practicality and lot potential rather than luxury or immediate move-in perfection.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($29,500) is for municipal tax purposes. The market value (what a buyer would pay) is determined by recent sales, condition, and market demand, and is typically higher. The last recorded sale was between $250k-$300k in 2016.
2. What does the lot size ranking mean for me?
The lot is in the top 23% for size within Munroe East, meaning it’s larger than many in the immediate area. This could allow for future additions like a garage or deck, or simply provide more private outdoor space than is commonly available.
3. The living area is noted as below average. How will that affect daily living?
At 912 sqft, the home is compact. Floor plans in bungalows from this era can be efficient, but it may mean smaller rooms or limited storage. It’s ideal for those who prioritize simpler, easier-to-maintain spaces or who plan to use the generous lot as an extension of their living area.
4. The home is 67 years old. What should I budget for?
While the structure is sound, you should budget for updates to major aging components like the roof, windows, plumbing, and electrical systems. A thorough home inspection is essential to identify immediate and future needs.
5. How can I find out the exact past sale prices?
The provider offers a manual service to share exact historical sold prices. You can submit your email via the "Get exact sold price history" button on the listing page. They promise a reply by the end of the same day and note they do not use emails for unsolicited marketing.