Property Overview: 928 Moncton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,044 sqft bungalow, built in 1958, presents a solid and straightforward home in Winnipeg's Munroe East neighbourhood. Its primary appeal lies in its strong assessed value of $340,000, which ranks well above average for both its immediate street and local area, suggesting a perception of good value or desirability within its micro-market. The living space is typical for the area, making it a practical, no-surprises floor plan.
A thoughtful perspective is that this home represents a balance. While the lot size is smaller than most on the street, this can translate to lower maintenance—a potential draw for downsizers or those seeking a manageable yard. Its value ranking significantly outpacing its size and lot rankings indicates that factors like condition, updates, or location on the block are likely contributing positively.
This property would best suit a value-conscious buyer looking for an established neighbourhood character. It's a fit for first-time homeowners wanting a manageable footprint, or perhaps an investor seeking a stable rental property in a community with consistent demand. It may not suit those prioritizing a large, private yard or the very latest in home design.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home was last sold between $350,000-$400,000 in 2021. The current assessed value of $340,000 is close to the lower end of that range, which can be a useful benchmark for market trends and municipal valuation.
2. Is the smaller lot size a major concern?
At 4,032 sqft, the lot is below average for the street and area. This means less space for expansions, large gardens, or extensive outdoor recreation. However, it also means less upkeep, which can be a positive for those seeking low-maintenance living.
3. What does the "above average" assessed value ranking mean for taxes?
A higher assessed value relative to neighbours typically leads to a proportionally higher property tax bill. It's advisable to estimate the annual tax cost based on the current assessment and Winnipeg's mill rate.
4. Are homes from this era expensive to maintain?
Built in 1958, this home is of an age where major components like the roof, windows, plumbing, or electrical systems may have been updated or could be nearing the end of their service life. A thorough inspection is recommended to budget for any necessary updates.
5. How does the living space compare to a modern home?
At just over 1,000 sqft, the living area is modest by current city-wide averages (around 1,342 sqft). This indicates efficient, compact living spaces typical of the era, which work well for smaller households but may feel tight for those needing multiple dedicated rooms or ample storage.