Property Overview
64 Pike Crescent presents a compelling opportunity in Winnipeg's Munroe East neighborhood. Its appeal lies in a combination of above-average space for the immediate area and a notably high assessed value relative to its street and district, suggesting it is a standout property in its local market.
Key Characteristics & Appeal
This home is characterized by its practical 1,076 sqft living area, which is significantly larger than the average home on Pike Crescent (880 sqft) and in Munroe East (1,009 sqft). Built in 1970, it is one of the newer homes on its street. The most striking feature is its $360k assessed value, which ranks in the top 5% of both its street and the broader Munroe East area, indicating it is considered a high-value asset compared to its closest peers. The lot size is a standard 4,998 sqft for the locality.
The property would suit buyers looking for a home that offers more interior space than is typical for the immediate area, within a well-established neighborhood. It is particularly suited for someone who values a property with a strong assessment profile, which can be appealing for future equity. The recent sale history shows a notable increase in value between 2021 and 2022, pointing to active market interest.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was sold in the $400k-$450k range in 2022, which was above its current $360k assessed value at that time. Assessments for tax purposes can differ from market value, but the history suggests the property has traded at a premium.
2. Is the living space efficiently laid out?
At 1,076 sqft, the home is larger than many in Munroe East, but it's around the city-wide average. The layout's functionality isn't detailed in the data, so a viewing would be essential to see if the space meets your needs.
3. What does the "Elite" ranking for assessed value really mean?
It means this home's assessed value is higher than 95-96% of comparable properties in Munroe East. This often reflects factors like lot location, property condition, or improvements that the municipality recognizes.
4. The home is newer than most on the street. Does that matter?
A 1970 build date means major components like the roof, windows, and furnace are likely newer than those in older neighborhood homes, but they are still at an age where inspection and potential updates should be considered.
5. How stable is the value based on its sales history?
The property sold for $250k-$300k in 2021 and then $400k-$450k in 2022. This sharp increase aligns with a hot market period, so buyers should research current local trends to understand today's valuation context.