Property Overview: 647 Moncton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic post-war bungalow built in 1947, offering a practical and grounded opportunity in the Munroe East neighbourhood. With just under 1,000 sqft of living space and a nearly 5,000 sqft lot, its proportions are very typical for its immediate street and area, presenting a straightforward canvas.
The primary appeal lies in its positioning as a statistically average property within its local context. Its assessed value is modest compared to broader city averages, which can translate to lower property taxes—a significant, often overlooked, long-term savings. The lot size is slightly larger than many on the street, offering a bit more outdoor space than some neighbours. This isn’t a standout luxury home, but a solid, no-frills property that represents the character of its established community.
It would best suit a first-time buyer or pragmatic investor looking for an entry point into the Winnipeg market without premium costs. It’s also a potential fit for a downsizer seeking a manageable, single-level home. The buyer should be comfortable with a home of this era, likely viewing any updates as a personal investment rather than expecting move-in-ready modern finishes.
Section 2: Frequently Asked Questions
1. How does the assessed value affect property taxes?
A lower assessed value relative to the citywide average generally results in lower municipal property taxes, which is a recurring annual benefit.
2. What should I consider about a home built in 1947?
While solidly built, prospective buyers should budget for potential updates to major aging components like plumbing, electrical, windows, and insulation. A thorough inspection is essential.
3. The sold price history shows a range. Why isn't it exact?
Exact sale prices in Manitoba are not publicly available. The ranges provided are estimates based on publicly accessible data. The listing service offers to provide the exact figures via email upon request.
4. How does this home compare to others on the street?
The data shows it is very comparable in size, age, and value to its neighbours. It’s neither the largest nor the smallest, offering a typical representation of Moncton Avenue.
5. What is the potential here for future value?
Value growth would likely be tied more to general market trends in Munroe East and citywide than to this specific property outperforming its peers. Any modernizations or additions could improve its value relative to neighbouring homes.