Property Overview: 892 Consol Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 892 Consol Avenue in Munroe East is a classic 1959 bungalow that presents a clear value proposition centered on its land. The house itself is modest, with 979 sqft of living space and an assessed value that is average for its immediate area but below the wider Winnipeg average. The standout feature is the lot: at 6,308 sqft, it ranks in the top 4% on its street and top 7% in Munroe East for land area. This means you're acquiring significantly more outdoor space than most neighbours.
The appeal lies in this potential. It suits a practical buyer—perhaps a first-time homeowner, an investor, or a downsizer—who sees the property not just for its current condition but for its possibilities. The large lot offers room for expansion, gardening, or future development, subject to zoning. It’s a property where the land may hold more long-term value than the existing structure. Buyers should be prepared for a home that likely requires updates, given its age, but who are motivated by the upside of a sizable plot in an established neighbourhood.
Section 2: Frequently Asked Questions
1. Is the sold price shown the exact price?
No, the displayed sold price range (CA$300k–350k for 10/2024) is an estimate. To receive the verified, exact historical sold price, you must request it via email from the site.
2. How does the home’s size compare to others?
At 979 sqft, the living area is slightly below the average for similar homes on Consol Avenue (~1,050 sqft) and notably below the Winnipeg city-wide average (~1,342 sqft). This confirms the home is compact relative to many modern properties.
3. Why is the assessed value so much lower than the city-wide average?
The assessed value (~$29.60k) is a municipal assessment for tax purposes, not a market valuation. It is average for Munroe East but below the city average, reflecting the home's age, size, and the neighbourhood's property characteristics compared to newer or larger-home areas.
4. What does the "Elite" ranking for Land Area mean?
It means this property's lot size (6,308 sqft) is larger than 96% of comparable lots on Consol Avenue. This is its most distinguished feature, offering more private outdoor space than nearly all immediate neighbours.
5. Where can I see more context about the neighbourhood?
You can open the dedicated neighbourhood analysis page via the link provided on the detail page. This tool shows the property on a map alongside nearby homes, allowing you to visually compare year built, living area, assessed value, and lot size.