Property Overview: 658 Munroe Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Munroe Avenue is defined by its balance and potential. Built in 1949, its 937 sqft living space is typical for the street but sits on a notably generous 6,212 sqft lot, placing it in the top tier for land size within the local area. The assessed value is consistent with nearby homes, suggesting a fair market entry point.
The primary appeal lies in its land value and established neighbourhood setting. The lot size is a significant asset, offering ample outdoor space for gardening, expansion, or future development—a relative rarity. Its appeal is practical rather than luxurious, suited for buyers who see value in space and location over a modern, turn-key home. It would be an excellent fit for a first-time buyer comfortable with a home of this era, an investor looking for a property with land value, or a homeowner planning a gradual renovation. A thoughtful perspective is that while the house itself is average for the area, the land provides a buffer of value and possibility that many newer subdivisions lack.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 6,212 sqft lot is substantially larger than many in the Munroe East area, ranking in the top 7% locally. This is a standout feature of this property.
2. What is the likely condition of a home built in 1949?
As a home from the late 1940s, buyers should budget for potential updates to major systems like plumbing, electrical, or the roof. A thorough inspection is essential to understand the condition and any needed repairs.
3. Why is the city-wide assessed value average so much higher?
The city-wide average includes all property types and newer, higher-value areas. The local and street-level comparisons (around $26k-$29k) are the relevant benchmarks for this home and neighbourhood.
4. What can the 2021 sale price range tell me?
The prior sale in the $250k-$300k range provides a recent market reference point. For the exact price to aid in your offer strategy, you can request it via email from the site.
5. How does the living area size affect livability?
At 937 sqft, the living space is compact. This emphasizes efficient use of space and may suit smaller households or those who prioritize the large yard over interior square footage. The floor plan's layout will be a key factor in comfort.