Property Overview: 655 Moncton Avenue, Winnipeg
Key Characteristics & Appeal
This home at 655 Moncton Avenue in Munroe East is a practical, post-war bungalow built in 1947. With 1,078 sqft of living space, it offers slightly more room than many comparable homes in the immediate area, providing good functional space for its category. The lot is a standard city size at just under 5,000 sqft, typical for the neighbourhood.
The primary appeal lies in its position as an accessible entry point into the Winnipeg market. Its assessed value is consistently below average for the street, neighbourhood, and city, suggesting a potentially lower property tax burden and an opportunity for buyers focused on fundamentals over premium finishes. This isn't a modernized showhome; its value is rooted in its solid lot size, functional layout, and location. It would suit first-time buyers, practical investors looking for a rental property, or downsizers seeking a manageable home without a high tax assessment. The data indicates it’s a home for those who see potential in a well-located structure and are comfortable with a property that may require updates reflective of its age.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is a municipal calculation for tax purposes, not a market price. This home’s value is below averages partly due to its age (1947) and likely its condition or original features compared to newer, renovated, or larger homes city-wide. It's more in line with, though still below, values in its own Munroe East area.
2. How does the living area compare to nearby homes?
At 1,078 sqft, the living area is actually above average for the Munroe East neighbourhood, offering more interior space than many direct comparables. On its own street, it's about average.
3. What does the sale history tell us?
It last sold between 2017 and 2025 for an estimated $150k-$200k. That sale price was below average for the area and city at that time, consistent with the pattern of a value-oriented property.
4. Is the lot size a good feature?
The lot is a standard dimension for the area. At 4,994 sqft, it is not unusually large but provides typical backyard space for the neighbourhood and is consistent with what you’d expect for a home of this era.
5. What should I consider about the year it was built (1947)?
Built in the post-war period, the home likely has solid construction but may have original mechanical systems (like plumbing and electrical), insulation standards, and layout styles that differ from modern expectations. A thorough inspection is key to understand any needed maintenance or modernization investments.