Property Overview: 659 Munroe Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 659 Munroe Avenue presents a compelling value proposition in Winnipeg's Munroe East neighbourhood. Built in 1974, it is a notably newer construction compared to many homes on its street and in the immediate area, which often date to the mid-20th century. This suggests potentially fewer concerns with aging infrastructure common in older homes.
The property stands out for its efficient use of space. With 1,061 sqft of living area, it offers more room than most comparable homes on Munroe Avenue and in the Munroe East area. It sits on a generous 4,999 sqft lot, providing ample outdoor space relative to its neighbours. A key financial highlight is its assessed value ($33,700), which ranks in the top 6% on its street and top 12% in the area, indicating strong valuation fundamentals for its locale.
Its primary appeal lies in offering above-average space and a more modern build for the neighbourhood at what appears to be a accessible price point, especially when considering the last known sale was between $250k-$300k in 2020. It would suit first-time homebuyers seeking a move-in-ready property with room to grow, or value-conscious buyers looking for a solid, well-sized home in a stable area without the premium of a brand-new build. The data suggests it's a property that outperforms its immediate peers on several metrics, offering a relative advantage within its community.
Section 2: Frequently Asked Questions
1. How does this home’s age (1974) affect its value?
Being built in 1974 makes it significantly newer than the average home on its street (avg. year built 1949). This can be an advantage, potentially meaning updated electrical, plumbing, and insulation compared to much older homes, though a specific inspection is still essential.
2. The assessed value seems low. What does this indicate?
The assessed value of $33,700 is for municipal tax purposes and is not the market value. Its ranking in the top 6% on the street shows it is considered a higher-value property for this specific area. Market value is determined by recent sales, like the home's 2020 sale in the $250k-$300k range.
3. Is the lot size a major feature?
At just under 5,000 sqft, the lot is larger than average for both the street and the Munroe East area. This is a tangible asset, offering more private outdoor space, gardening potential, or room for additions like a shed or deck compared to tighter lots nearby.
4. What can nearby property sales tell me?
The listed nearby properties, such as 663 Munroe Ave (built 1949, smaller, lower assessment) and 693 Munroe Ave (new 2022 build, larger, higher assessment), provide context. They show a spectrum of options on the street, positioning this home as a middle-ground—newer than many, but more established than a recent construction.
5. How do I find out the exact past sale prices?
The exact sold prices are not publicly displayed in detail due to data sourcing. As noted on the detail page, you can request the precise historical sale data via email from the service, which they provide manually without using your contact information for marketing.