Property Overview
This 1,000 sqft bungalow at 509 Marsden Street, built in 1959, presents a straightforward opportunity in Winnipeg's Munroe East neighbourhood. Its key appeal lies in its above-average land size for the area (5,824 sqft) and a recent sale price that suggests strong demand. The home sits on a street of similar properties, offering a sense of consistency, while its lot size ranks in the top 15% locally, hinting at valuable outdoor space or future potential relative to nearby homes. The assessed value is notably higher than many immediate neighbours, which can indicate recent updates or a premium lot condition.
It would suit a practical buyer looking for a solid post-war home in an established area, possibly a first-time homeowner or an investor. The larger lot is a standout for someone valuing private outdoor space or considering long-term value. The recent sale history shows active interest, making it a candidate for someone seeking a move-in-ready property without the unpredictability of a slow market.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 1,000 sqft, the living area is very close to the average for both Marsden Street and the wider Munroe East area, making it a typical-sized home for this neighbourhood.
2. Why is the assessed value higher than many neighbours?
The assessed value ranks in the top 23% on its street. This can be due to factors like property condition, specific improvements, or its desirable lot size, which may be valued above others in the immediate area.
3. What does the lot size mean for potential buyers?
The lot of 5,824 sqft is larger than approximately 85% of lots in Munroe East. This offers more yard space than is typical locally, which could be appealing for gardening, expansion, or simply having more privacy.
4. Is the 1959 build date a concern?
The home is older than most on its street but is average for the wider area. Buyers should budget for maintenance consistent with a home of this age, but its established neighbourhood often means mature infrastructure and landscaping.
5. How competitive was its recent sale?
The sale price from 2024 placed it in the top 5% for the Munroe East area, indicating it was a highly sought-after property compared to similar local sales at that time.