Property Overview: 601 Prince Rupert Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a compelling opportunity centered on its generous lot. Built in 1956, the 1,008 sqft house offers living space that is typical for the Munroe East neighborhood and street. Its assessed value of approximately $306,000 is also closely aligned with local averages. The standout feature is the 5,796 sqft land area, which ranks in the top 5% on Prince Rupert Avenue and the top 15% in the wider Munroe East area. This means you're acquiring a lot size significantly larger than most nearby properties, offering ample outdoor space, privacy, and potential for gardening, expansion, or future development, subject to zoning.
The appeal lies in this land-to-value proposition. You are investing in a property where the lot itself is a premium asset within its immediate context, while the house represents a solid, average-priced entry into the neighborhood. It suits practical buyers who value space and future potential over immediate move-in luxury. This could be ideal for a first-time homeowner comfortable with a home of a classic era, a buyer looking for a long-term property with room to grow, or an investor who recognizes the underlying value of a large lot in a stable area.
Frequently Asked Questions
1. How does the home's size compare to others?
At just over 1,000 sqft, the living area is very typical for both Prince Rupert Avenue and the Munroe East neighborhood, making it an average-sized home for the area.
2. Is the assessed value high for this property?
The assessed value is consistent with the local market, sitting close to the average for both the street and the broader Munroe East area. It is notably below the city-wide average assessed value, largely due to the generally higher values in newer suburban developments.
3. What is the significance of the lot size?
The lot is a key feature. At nearly 5,800 sqft, it is substantially larger than most lots on the same street and in the neighborhood. This provides more yard space and could offer more flexibility for outdoor use or future projects than comparable homes.
4. What should I consider about a home built in 1956?
The home is of an age where systems like plumbing, electrical, and the roof may be due for updates or have been partially updated over time. A thorough inspection is recommended to understand the condition and any needed maintenance, which is typical for homes of this vintage.
5. How can I find out the exact sale history?
The provided data does not include MLS sale records. You can request the exact sales history and verified figures by contacting the site via the "Request exact figures by email" option, and they will provide the information manually.