Property Overview: 741 Consol Avenue, Winnipeg
Key Characteristics & Appeal
This home at 741 Consol Avenue in Munroe East presents a compelling mix of space, value, and a well-established neighbourhood. Built in 1975, it is notably newer than most homes on its street and in the broader area, which often translates to more modern building systems and potentially fewer immediate updates. The standout feature is the generous 7,412 sqft lot, placing it in the top 3% of properties on Consol Avenue for land size. This offers significant outdoor space for gardening, recreation, or future expansion, a rarity in many city neighbourhoods.
The appeal lies in its strong positional value. With a living area of 1,238 sqft, it provides above-average space for the immediate area. Its assessed value is positioned in the elite tier for both the street and Munroe East, suggesting it is a high-value property within its local market context. This property would suit buyers looking for a home with ample yard space in a mature neighbourhood, who may prioritize a newer construction date within an older community. It’s also a strong candidate for those who see value in a property that stands out statistically within its micro-location, potentially offering a stable investment in a well-regarded area.
Frequently Asked Questions
1. What does the "Elite" ranking for Assessed Value actually mean?
It means this home's assessed value is in the top 3% of all similar properties on its street and in the Munroe East area. This indicates it is considered a higher-value home within its immediate local market, not necessarily the entire city.
2. The home sold between 2020-2025 for an estimated $300k-$350k. Why is the current assessed value different?
Assessed value, used for property tax calculation, is an estimate by the municipal authority and often lags behind or differs from actual market sale prices, which are determined by buyer demand.
3. As a home built in 1975, what should I consider regarding updates?
While newer than many neighbours, a 51-year-old home will still likely have aging components. Key items to investigate would be the roof, windows, and major mechanical systems like the furnace, which may be due for replacement or upgrades.
4. How usable is a 7,412 sqft lot in practice?
This is a very large city lot. It offers excellent potential for outdoor living, but buyers should consider the maintenance required (lawn care, gardening) and verify any local zoning bylaws regarding fences, sheds, or potential future additions.
5. The data shows the home is "around average" city-wide for size and value. Why focus on the street/area rankings?
Real estate is highly local. How a property compares to its direct neighbours and community is often more relevant to daily life and resale value than a city-wide average, which includes many different types of neighbourhoods and housing.