Property Overview: 50 Price Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 952 sqft bungalow, built in 1978, presents a practical and affordable entry point into Winnipeg’s Munroe East neighborhood. Its key appeal lies in its relative value and position within its immediate community. While the living space is modest compared to the city-wide average, it is competitively sized for its own street and local area, suggesting a comfortable fit for the neighborhood's typical housing stock.
The home’s standout characteristic is its assessed value, which ranks in the top 13% on its own street, indicating it is considered a higher-value property among its closest peers. This, combined with the fact it is one of the newer homes on the block (ranked #1 of 23 for year built on Price Drive), points to a well-regarded and potentially well-maintained property in its micro-location. The lot is compact at 2,504 sqft, which translates to lower maintenance—a key point for buyers seeking a manageable yard.
This property would suit first-time buyers or downsizers looking for a straightforward, single-level home in an established neighborhood without a premium price tag. It’s a pragmatic choice for someone whose primary comparison is the immediate area rather than the broader city, offering the benefits of a newer build on the street and a strong value perception locally.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold between $300k-$350k in 2021. Its current assessed value is significantly lower at $27,600. It’s important to understand that municipal assessed value for tax purposes is not a market appraisal and often differs substantially from actual selling prices.
2. Is the living space sufficient for a small family?
At 952 sqft, the living area is below the Winnipeg city average. It would be a cozy fit, likely best suited for individuals, couples, or a very small family. The floor plan and number of bedrooms (not listed in the provided data) would be the deciding factors.
3. What does the "Elite" ranking for year built mean?
This means that, compared to homes on its street and in the Munroe East area, this 1978 build is among the newest 4%. On Price Drive, it is actually the newest of the 23 comparable properties. This can be an advantage, potentially indicating newer infrastructure like plumbing or electrical.
4. Why is the lot size ranked so low?
The lot is 2,504 sqft, which is smaller than most lots on its street and significantly smaller than averages for the wider area and city. This isn’t uncommon for older infill neighborhoods. The upside is minimal exterior upkeep, but it also means limited private outdoor space.
5. How can I get the exact historical sale price?
The provided sale prices are estimated ranges from public data. You can request the exact sale price by emailing via the link on the property page. The service states they provide the accurate figure manually, typically by the end of the same day, without using your email for marketing spam.