Property Overview: 526 Marsden Street, Winnipeg
Key Characteristics & Appeal
This 1,088 sqft bungalow, built in 1959, sits on a 4,951 sqft lot in the Munroe East neighbourhood. Its primary appeal lies in its efficient use of space and its position as a value-conscious entry point into the Winnipeg market. The home offers above-average living area for both its immediate street and local area, providing more interior space than many comparable homes nearby. However, its most defining characteristic is its significantly below-average assessed value, which places it in the bottom 15% of homes city-wide for this metric. This creates a notable value proposition, especially for buyers who see potential beyond the current assessment.
The property would suit first-time buyers, investors, or renovators looking for a solid footprint in a stable neighbourhood without a premium price tag. Its appeal is practical: you are paying less for more interior space than the local average, but the trade-off is reflected in the lower valuation. A thoughtful perspective is that this discrepancy between living space and assessed value could represent an opportunity for value addition, making it a candidate for those with a vision for cosmetic updates or strategic improvements.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is based on a mass appraisal system. A value significantly below the city average can be due to a variety of factors, including the home's condition, specific market trends in the area, or the nature of recent comparable sales. It's a starting point for discussion, not a direct market valuation.
2. How does the living area compare to nearby homes?
The living area is a strong point. At 1,088 sqft, it ranks in the top 22% for size within the Munroe East area, meaning it offers more interior space than most similar homes in the immediate vicinity.
3. What does the "Top X%" ranking mean for the year built?
The home was built in 1959. Ranking in the "Top 19%" on its street for year built means it is actually newer than 81% of the homes on Marsden Street. This indicates it's among the more recently built homes in its direct block, though it is around the average age for the broader area and city.
4. Is the lot size a constraint?
At just under 5,000 sqft, the lot is slightly below the average for its street but is very typical for the Munroe East area overall. It provides standard backyard space for a neighbourhood of this era without being overly large for low-maintenance living.
5. How can I find out what this or similar homes have actually sold for?
The exact sale price history is not publicly displayed. You can request this information manually via the email link provided on the listing page. The service promises to reply with accurate data without using your email for unsolicited marketing.