729 Prince Rupert Avenue

Property Overview: 729 Prince Rupert Avenue, Winnipeg

Key Characteristics & Appeal

This home presents a practical opportunity in Winnipeg's Munroe East neighbourhood. Built in 1955, its primary appeal lies in the balance between its modest 879 sqft living space and its generous 5,184 sqft lot, which is notably larger than many on Prince Rupert Avenue. The assessed value is positioned below the citywide average, suggesting a potentially accessible entry point.

The property suits buyers prioritizing land size over interior square footage—ideal for someone interested in gardening, outdoor space, or future expansion. It also fits the practical first-time buyer or investor looking for a home with a lower assessed value in a mature neighbourhood, where the value may be more grounded in the land itself. A less obvious perspective is that a home of this vintage and scale often comes with proportionally lower utility and maintenance costs, which can be a significant long-term benefit. Its recent sale history (2021) indicates it has changed hands in the current market cycle, providing a relevant benchmark.

Frequently Asked Questions

1. Is the house smaller than others in the area?
Yes. At 879 sqft, the living area is below the average for comparable homes on its street, in Munroe East, and across Winnipeg.

2. What stands out as an advantage for this property?
The lot size. At over 5,000 sqft, the land area is above average for Prince Rupert Avenue, offering more outdoor space than many neighbouring properties.

3. How does its assessed value compare?
The assessed value of $28,400 is below the citywide average for comparable homes. Within its immediate area and street, it is around or slightly below average, indicating it is not an outlier in its local market context.

4. What can the 2021 sale price range tell me?
The reported sale price range of $300k-$350k from 2021 provides a recent market benchmark. It is important to note this is a range based on public data; for the exact figure, you must request it directly from the listing service.

5. Who might this property not suit?
Buyers seeking a move-in-ready, modern open-concept layout or above-average interior space for the price may find it less suitable. Its appeal is geared more towards those who see potential in the land or a compact, manageable footprint.