502 Besant Street

Property Overview: 502 Besant Street, Winnipeg

Key Characteristics & Appeal

This 1959-built home in Munroe East presents a practical opportunity centered on its generous lot. With 6,048 square feet of land, the property stands out, ranking in the top 8% of lots in the local area. This offers above-average outdoor space for gardening, play, or future expansion relative to nearby homes. The living area of 1,052 sqft is comfortably above average for the immediate street and neighbourhood, providing a well-proportioned interior footprint.

The home’s primary appeal lies in its solid positional metrics within a stable, established community. Its assessed value is above average for Munroe East, suggesting it is well-regarded in its direct market context. The property last sold between 2021, providing a recent market anchor point.

This home would suit a value-conscious buyer looking for a property with a strong land component in a mature neighbourhood. It’s ideal for someone who sees potential in the lot size itself, whether for immediate use or long-term value, and who is comfortable with a home from the late 1950s that may require updates. It represents a grounded choice over a flashy one, focusing on fundamentals like space and location rather than modern finishes.

Frequently Asked Questions

1. How does the lot size compare to typical properties?
The lot is a significant feature. At over 6,000 sqft, it is notably larger than most in the Munroe East area, ranking in the top 10% locally. This is a key differentiator from many neighbouring homes.

2. What does the assessed value tell me about the property?
The assessed value of $31,500 is above the average for the Munroe East neighbourhood, indicating that for its area, it is considered a higher-value home. This can reflect its larger lot and living area compared to local peers.

3. When was it last sold, and why does that matter?
It sold between 2021. This recent transaction provides a useful benchmark for its current market value, showing what a buyer was willing to pay just a few years ago, which helps inform today’s price.

4. Is the living space considered large for the area?
At 1,052 sqft, the living area is above average for both Besant Street and the wider Munroe East neighbourhood, offering more interior space than many comparable homes nearby.

5. The home was built in 1959. What should I consider?
As a home from the late 1950s, prospective buyers should budget for potential updates to major aging components like roofing, plumbing, or electrical systems. A thorough inspection is advised to understand the condition and any needed maintenance.