Property Overview: 510 Besant Street, Winnipeg
Key Characteristics & Appeal
This is a modest, well-situated bungalow in Munroe East, built in 1959. Its primary appeal lies in its generous 6,047 sqft lot, which is notably larger than most in the immediate area—ranking in the top 8% of the neighbourhood. This presents a significant opportunity for gardening, expansion, or simply enjoying more private outdoor space than is typical for the area.
The 948 sqft living area is compact and efficient, suitable for a first-time homebuyer, a downsizer, or an investor. Its assessed value is firmly in line with area averages, suggesting a straightforward, market-priced entry point into homeownership. The property doesn’t stand out for its size or modern features, but rather for its land value and location within a stable, established community. It suits a practical buyer who sees potential in the land, values a manageable interior without high maintenance, and is comfortable with a home that reflects its 1960s-era build.
A less obvious perspective is that this home represents a "blank canvas" property. Its average metrics across the board, except for the lot size, mean it hasn’t been extensively upgraded or expanded, offering a clearer value proposition based on fundamentals rather than recent renovations. It’s a strategic purchase for someone focused on location and land, viewing the house itself as a solid foundation to be customized over time.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The lot is significantly larger than the neighbourhood average, offering more yard space. This is the property's most distinguishing asset, whether for recreation, gardening, or future potential.
2. What type of buyer is this home best for?
It's ideal for a first-time buyer seeking an affordable entry into the market, someone looking to downsize into a manageable single-level home, or an investor interested in a property with a strong land-to-building ratio in an established area.
3. How does the living space compare to nearby homes?
At 948 sqft, the living area is slightly below average for the street but very close to the average for the wider Munroe East neighbourhood. It's a compact bungalow layout.
4. What does the assessed value tell me?
The assessed value of $30,500 is consistent with averages for the street, neighbourhood, and city for comparable properties. It indicates the home is priced at a standard market level for its type and area, not as a premium or fixer-upper priced property.
5. How can I find out what this home previously sold for?
The exact sold price history is not publicly displayed. You can request it directly via the email form provided on the listing page; the service manually provides this information without using your email for marketing.