Property Overview: 905 Moncton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 905 Moncton Avenue in Munroe East is a practical and straightforward property that offers solid value within its immediate neighbourhood. Built in 1959, its 1,025 sqft living space is very typical for the area, making it a comfortable size for a small family, a couple, or a first-time buyer. The standout feature is its assessed value of $30.5k, which ranks above average for Moncton Avenue itself, suggesting it is viewed favorably compared to its closest peers.
The appeal lies in its established location and functional footprint. It’s a home that doesn’t stand out for size or lot (the 4,190 sqft land area is below the local average), but rather for being a well-positioned, no-surprises option in a mature neighbourhood. The sale history shows it last sold between $300k-$350k in 2020, performing well against area averages at the time.
This property would best suit value-conscious buyers seeking an entry into a stable neighbourhood without overpaying for extra space or land they may not need. It’s also a sensible fit for those who prefer a manageable yard and a home that aligns with the area's existing character, potentially offering a simpler renovation or maintenance project compared to much older or larger homes.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value ($30.5k) is for municipal tax purposes and is not a market valuation. Market price is determined by recent sales of similar homes, location, and condition. The last known sale was in the $300k-$350k range in 2020.
2. Is the lot size a significant drawback?
At 4,190 sqft, the lot is below the average for both the street and the wider city. This means less outdoor space but could also translate to lower maintenance—a potential plus for buyers seeking a manageable yard.
3. What does the "above average" assessed value ranking mean for me?
Ranking in the top 25% on its street for assessed value suggests the city views this property as having relatively higher worth than many neighbours. This can sometimes correlate with better upkeep or improvements, but it's important to verify this with a physical inspection.
4. The home is 67 years old. What should I be mindful of?
A home from this era may have original components like plumbing, electrical, or windows nearing the end of their service life. A thorough inspection is crucial to understand the condition of these major systems and plan for potential updates.
5. How can I find out the exact past sale price?
The provided sale price is a range from public data. The listing indicates you can request the exact sold price history by emailing the site directly, as they maintain more precise records.