Property Summary: 627 Dallenlea Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic 1956 bungalow in Munroe East, offering a practical and grounded living opportunity. With 1,002 sqft of living space and a nearly 5,000 sqft lot, its size is squarely average for the immediate area, presenting a manageable footprint. The data reveals a nuanced position: while its living space is typical for the neighbourhood, it is notably smaller than the Winnipeg city average, suggesting a focus on efficiency over expansiveness. Its appeal lies in its established setting, with a lot size that provides good outdoor space relative to the home's scale. The property last sold in the 2020 price range of $250k-$300k, and its current assessed value is among the lowest on its street, which could indicate a lower property tax burden or potential for value appreciation with updates.
This home would best suit a first-time buyer, a downsizer, or a practical investor looking for an entry point into a stable neighbourhood. It’s for someone who values a larger lot and character from an older home, and is prepared for the maintenance or modernization a 70-year-old property may require. A thoughtful perspective is that its "below average" assessed value on the street isn’t just a negative; it can represent a lower entry cost and a clearer opportunity to add value through renovations, thereby building equity in a community where other homes are already valued higher.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (listed as $27,700) is for municipal tax purposes. The market value, or what a buyer would pay, is typically higher. The 2020 sale price range of $250k-$300k is a more relevant guide for current market value.
2. How does the home's size compare to the area?
At 1,002 sqft, the living area is very close to the Munroe East average (~1,009 sqft). It feels smaller compared to the Winnipeg city-wide average, but is a typical size for many mature neighbourhoods.
3. What does it mean that the year built is "above average" for the street?
Built in 1956, this home is older than most on Dallenlea Avenue. This "above average" ranking means it's one of the earlier builds, which can suggest a more established streetscape but also potentially a greater need for system updates (like plumbing or electrical) compared to newer homes on the block.
4. Are there recent comparable sales nearby?
The provided comparable at 452 Locksley Bay (same year, similar size) and the neighbour at 652 Dallenlea (newer, larger) offer context. For the most accurate and recent sale prices of similar homes, you would need to request the exact sold price history via the provided service.
5. What are the potential downsides of a lower assessed value?
While it may suggest lower property taxes, a significantly lower assessment than immediate neighbours can sometimes reflect a lag in the assessment cycle or that the home lacks updates that newer or renovated properties on the street have. It's important to have a thorough inspection to understand the home's condition.