Property Overview: 732 Prince Rupert Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its modest scale and historic roots. Built in 1913, it is a notably older property in its Munroe East neighbourhood, featuring a compact 673 sqft living area on a 2,503 sqft lot. Its assessed value of $190k is significantly below the Winnipeg city average, reflecting its size and vintage.
The primary appeal lies in its position as an accessible entry point into the market. It suits buyers seeking a minimal footprint with lower property taxes, such as first-time homeowners, downsizers, or investors looking for a straightforward rental property. Its consistent sale price range over recent years suggests a stable, predictable value in its segment.
A less obvious perspective is its potential as a "blank slate." Being among the oldest and smallest homes on the street and in the area, it may appeal to a buyer with a vision for a careful renovation or expansion, where the existing structure provides a foundation rather than a final product. It represents an opportunity to own a character home without the premium typically attached to such properties, ideal for someone with a plan rather than someone seeking a turn-key solution.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller size, older age, and more compact lot compared to the typical Winnipeg property. It is in line with values for similar modest, older homes in the area.
2. What does the "Top 99%" ranking for living area mean?
This statistic indicates that this home's living area is smaller than approximately 99% of comparable homes on its street, in its area, and city-wide. It clearly highlights the property's compact nature.
3. Has the property's market value been stable?
Based on available sales data, the home has sold within the $200k-$250k range in both 2022 and 2023, suggesting stable market value in recent years, prior to that it sold for between $150k-$200k in 2020.
4. How does the lot size impact potential?
At 2,503 sqft, the lot is smaller than most in Winnipeg. While it limits extensive additions or sprawling outdoor space, it reduces maintenance and may be suitable for a compact garden or efficient outdoor living area.
5. Where can I see more detailed context about the neighbourhood?
You can open the dedicated neighbourhood analysis page for a map view and detailed comparisons of nearby properties by year built, living area, assessed value, and lot size. A link is provided in the property data section.