Property Summary: 704 Moncton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Moncton Avenue in the Munroe East neighbourhood stands out for its generous proportions. Built in 1947, its primary appeal lies in its significant 1,750 sqft of living area, which ranks in the top 2% of homes on its street and the top 1% within the local area. This offers substantially more interior space than most nearby properties. The lot size of 5,001 sqft is also above average for the street, providing good outdoor space.
The home’s assessed value is notably higher than many immediate neighbours, suggesting it may offer superior finishes, condition, or additions. Recent sale data indicates strong value appreciation over the past several years.
This property would best suit a buyer looking for a character home with ample room to grow into, who values space over a newer build. It’s ideal for someone who appreciates having one of the larger homes in a well-established neighbourhood and may be prepared for the maintenance or updates that can come with an older property. The data suggests it’s a standout in its immediate locale, offering a relative rarity in terms of square footage.
Section 2: Frequently Asked Questions
1. How does the home’s age affect its value and appeal?
While its 1947 build date is older than most in the wider city, the home’s living area and recent sale price are well above local averages. This indicates that updates, expansions, or its inherent size have maintained its market value despite its age.
2. What does the "Elite" ranking for living area actually mean?
It means this home’s interior square footage is larger than 98% of similar homes on Moncton Avenue and 99% of homes in the Munroe East area. You are getting significantly more house, by local standards.
3. The assessed value seems low compared to the city-wide average mentioned. Why?
The city-wide average assessed value shown (around $390k) appears to be a comparison point from the data model, but it may include different property types or areas. The more relevant figures are the local comparisons, where this home’s assessment ranks in the top 5-8%, indicating it is valued higher than most nearby properties.
4. Has the property’s value been stable?
Based on the sold price ranges shown, the home’s value increased from the $250k-$300k range in 2017 to the $350k-$400k range in 2024, suggesting a pattern of appreciation.
5. What are the less obvious considerations with this property?
Its standout size on the street could be a long-term advantage but may also mean higher utility and maintenance costs. Additionally, while it ranks highly in its immediate area, its lot size is closer to the city-wide average, so the outdoor space is generous but not exceptional compared to all Winnipeg neighbourhoods.