Property Overview
81 Pike Crescent is a 696 sqft bungalow built in 1969 on a generous 5,049 sqft lot in Winnipeg's Munroe East neighbourhood. Its key characteristics are defined by how it compares to its surroundings. The home itself is compact, ranking in the top 45% for living area on its own street but below the average for both the wider area and the city. Its assessed value of $25.5k is moderately below average for the neighbourhood. The standout feature is the lot size, which is notably larger than most on Pike Crescent, placing it in the top 20% locally. The home last sold between $200k-$250k in 2017.
The appeal lies in its efficient scale and the potential offered by its sizable lot. It represents a classic, lower-maintenance footprint that could suit a first-time buyer, an investor, or someone looking to downsize without sacrificing outdoor space. Its value is grounded in its lot and location rather than its interior square footage. A thoughtful perspective is that while the house is modest by today's standards, its above-average lot for the street provides a rare opportunity for expansion, gardening, or simply more private outdoor space than neighbours might have—a valuable asset in a mature neighbourhood.
Frequently Asked Questions
1. Is this a small house?
Yes, at 696 sqft, the living area is below the average for both the Munroe East area and Winnipeg overall. It is, however, closer to the average size for homes specifically on Pike Crescent.
2. What is the main advantage of this property?
The land. The 5,049 sqft lot is significantly larger than the average lot on its street, offering more yard space and potential than is typical for the immediate area.
3. How does the assessed value compare to likely market price?
The assessed value for tax purposes ($25.5k) is not an indicator of market value. The home last sold in the $200k-$250k range in 2017. Market price is determined by current conditions and must be established by a professional appraisal or recent comparable sales.
4. What does the "Top 94%" ranking for living area in Munroe East mean?
This means the home's living area is smaller than 94% of comparable homes in the broader Munroe East area. In other words, it is in the smaller 6% of homes for that metric locally, highlighting its compact nature.
5. The home was built in 1969. What should I consider?
As a home from the late 1960s, a thorough inspection of major systems (roof, wiring, plumbing, foundation) and updates (windows, insulation, HVAC) is essential. Its age is typical for the street but is newer than many homes in the wider Munroe East area.