Property Overview: 633 Gateway Road, Winnipeg
Key Characteristics & Appeal
This home at 633 Gateway Road in Munroe East presents a practical and efficient living proposition. Built in 1983, it is a notably newer home compared to most in its immediate neighbourhood and across the wider area, which suggests potentially fewer major age-related maintenance concerns. With 1,169 sqft of living space, it offers above-average interior room for both its street and neighbourhood, providing good value in terms of usable space.
The appeal lies in its modern relative age and efficient use of space on a smaller, low-maintenance lot of 3,123 sqft. The assessed value positions it as a mid-range option in the broader market, indicating a accessible entry point for the area. This property would best suit first-time buyers, downsizers, or investors seeking a newer, manageable home without a large yard to upkeep. It offers a balance of more contemporary construction and comfortable living space, albeit with less private outdoor area than typical for the region.
Frequently Asked Questions
1. How does the lot size impact this property?
The land area is smaller than most comparable lots on the street, in the neighbourhood, and city-wide. This translates to lower maintenance for yards and gardening, but also less private outdoor space for activities or expansions.
2. What does the "Elite" ranking for Year Built mean?
In the Munroe East area, this home is newer than approximately 97% of comparable properties. This is a significant advantage, often implying updated building materials, systems, and layouts compared to the area's older housing stock.
3. The last sold price shows a range. How can I get the exact figure?
The exact sold price from its 2021 sale is not publicly displayed. You can request it directly via the email link provided on the listing page; the service aims to provide the accurate figure manually by the end of the same day.
4. Is the assessed value a reliable indicator of the market price?
The assessed value is for municipal tax purposes and is often a lagging indicator. While useful for comparison (showing this home is above average on its street), it should not be solely relied upon to determine current market value, which is influenced by broader market conditions.
5. What are the trade-offs of the "above average" living area?
While the living area is generous for the immediate area, it is achieved on a smaller lot. This could mean a multi-story or efficient footprint design. Buyers should consider if the interior space priority outweighs the desire for a larger yard.