724 Prince Rupert Avenue

Property Overview & Key Characteristics

This home at 724 Prince Rupert Avenue in Winnipeg's Munroe East neighbourhood presents a solid, above-average offering within its immediate area. Built in 1964, it sits on a generous 5,005 sqft lot. With 1,074 sqft of living space, it is notably larger than many comparable homes on its street and in the wider neighbourhood. Its appeal lies in its strong relative value and established setting; the assessed value consistently ranks in the top 12% on its street and top 8% in Munroe East, suggesting it is a well-regarded property in its local context. Recent sale prices from 2021 and 2023 also placed it in the top tiers for the area, indicating sustained market recognition.

The property would suit practical buyers looking for a home with a proven track record in a mature neighbourhood. It's ideal for someone who values space and a larger lot over a brand-new build, and who appreciates a home that stands out positively against its direct neighbours in terms of size, value, and upkeep. A thoughtful perspective is that while its size is average city-wide, its true strength is its local dominance—offering more room and a higher assessment than most nearby homes, which can be a significant advantage for both livability and future resale within the community.

Frequently Asked Questions

1. How does this home truly compare to others nearby?
The data shows it consistently outperforms local averages. It has more living space than roughly 75% of homes on Prince Rupert Avenue, and its assessed value is higher than about 88% of them, indicating it's likely a premium property on its block.

2. What do the recent sold prices tell us?
The home sold in 2021 and again in 2023, each time at a price that placed it in the top 10% for the Munroe East area. This pattern suggests strong and consistent buyer demand for this specific property.

3. Is the assessed value unusually high?
Yes, relative to its immediate surroundings. Its assessment is in the top 8% for the entire Munroe East area, which is significant. This typically reflects factors like lot size, living area, condition, and improvements relative to nearby homes.

4. The home was built in 1964. What should I consider?
While newer than the average home on its street (avg. 1955), it is still a 60-year-old property. A standard inspection is essential to understand the condition of major systems like plumbing, electrical, and the roof, which may be original or have undergone updates.

5. Why is there a range for past sold prices instead of the exact figure?
The exact sold price is proprietary data. The provided range is based on public records. You can request the precise historical sale price directly from the site via email, which they provide manually as a service.