Property Overview: 705 Consol Avenue, Winnipeg
Key Characteristics & Appeal
This home at 705 Consol Avenue in Munroe East is a study in solid value within its immediate context. Built in 1957, it’s a mature property on a standard-sized lot. The primary appeal lies in its strong financial standing relative to the neighbourhood. With an assessed value ranking in the top 12% on its own street and the top 8% in Munroe East, it presents as a well-regarded asset in its local market. The living space is practical and in line with area norms, making it a comfortable, no-fuss footprint.
This property would suit a pragmatic buyer who values established neighbourhoods and perceives value through stability and above-average assessment metrics rather than sheer size or newness. It’s ideal for someone looking for a manageable home where the investment has historically held strong compared to direct neighbours, suggesting a stable entry point into the community. The buyer likely prioritizes location and proven value retention over modern features or expansive square footage.
Frequently Asked Questions
1. Why is the assessed value ranked so much higher than the year built or lot size?
This suggests the property, while older, has been maintained or updated in ways that the assessor recognizes, or it benefits from desirable attributes not captured in basic metrics (like specific finishes, layout, or its exact placement on the street). It indicates perceived value beyond just age and dimensions.
2. The last sold price range (2024) is significantly higher than the assessed value. Why?
Assessed value for tax purposes often lags behind the dynamic real estate market. A recent sale price reflects what a buyer was actually willing to pay in the current market, which can be driven by factors like low inventory or buyer demand that aren't immediately mirrored in municipal assessments.
3. Is the living area sufficient for a family?
At just over 1,000 sq ft, it is a compact layout. It would suit a small family, a couple, or a single buyer comfortably. Its ranking shows it’s typical for the area, meaning many families in Munroe East make similar square footage work, often valuing neighbourhood and lot over a large interior.
4. What does the "below average" ranking for year built on the street mean?
On Consol Avenue, the average comparable home was built around 1959. This home, built in 1957, is slightly older than most on its specific street. This isn't a dramatic difference, but it indicates the street may have a cluster of homes built in the late 1950s/early 1960s, with this one on the earlier side.
5. How can I find out the exact sold price from 2024?
The exact sold price is not publicly displayed in detail here due to data sourcing. You can request it by email using the provided form. The service commits to providing the accurate figure manually without using your email for unsolicited marketing.