Property Overview & Key Characteristics
This home at 699 Prince Rupert Avenue in Winnipeg's Munroe East neighbourhood presents a compelling blend of modern convenience and established community value. Built in 2013, it is a notably newer property compared to most homes on its street and in the wider area, ranking in the top 1-4% locally for its year of construction. This translates to less immediate concern over major system replacements and potentially higher energy efficiency.
The appeal lies in its strong positioning within its immediate context. With 1,254 sqft of living space and a 5,192 sqft lot, it offers above-average roominess for Munroe East. Its most standout feature is its assessed value, which places it in the elite top 3-5% for the street and neighbourhood, suggesting it is perceived as a higher-value asset in its local market. The home last sold in the $350k-$400k range in 2022.
This property would suit buyers looking for a relatively modern, low-maintenance home in a mature neighbourhood. It’s ideal for someone who values being above the local averages for space and perceived value without venturing into brand-new subdivisions. A thoughtful perspective is that this home offers the benefits of a newer build while still being rooted in a long-established community, potentially providing the best of both worlds.
Frequently Asked Questions
1. What does the "Elite" ranking for Assessed Value actually mean?
It means this home's official assessed value is among the highest 3-5% of all similar properties on its street and in the Munroe East area. This indicates the municipality views it as a top-tier asset in its local market, which can be a positive signal for long-term value.
2. The home is newer (2013), but what about the neighbourhood's overall age?
While this specific home is modern, the neighbourhood's average home was built around 1960. This means you get a contemporary house within a well-established community with mature trees and settled infrastructure, a combination some buyers find ideal.
3. How does the lot size compare?
At just over 5,000 sqft, the lot is above average for Prince Rupert Avenue and typical for Munroe East. It provides decent outdoor space, though it's around average when compared to lots across the entire city.
4. Why is the city-wide average living area higher, yet this home ranks well locally?
City-wide averages include many larger, newer suburban homes. This property's ranking shows that within its specific, more established neighbourhood and street context, it offers more living space than most of its direct peers.
5. How can I find out the exact past sold price?
The exact sale price from 2022 is not publicly displayed in detail due to data sourcing. You can request it directly via the "Get exact sold price history" feature on the listing page. The service provider commits to emailing the accurate figure manually, typically by the end of the same business day.