Property Overview: 345 Bronx Avenue, Winnipeg
Key Characteristics & Appeal
This 800 sqft bungalow, built in 1950, sits on a generous 4,916 sqft lot in the Munroe West neighbourhood. Its core appeal lies in its strong value proposition within its immediate area. While the living space is compact compared to many city homes, its assessed value of $305,000 is notably above the Munroe West average, suggesting the property is well-regarded in its local market. This creates an interesting dynamic: you’re acquiring a home that stands out positively against its nearest neighbours in terms of valuation, yet the smaller footprint presents an opportunity for a lower entry point or for a buyer comfortable with a more efficient layout.
The property would suit first-time buyers or downsizers looking for a manageable home with a sizable yard in a stable, established neighbourhood. It’s also a candidate for value-conscious investors or renovators who see potential in the ample lot size, which is above average for the area. A thoughtful perspective is that this home represents a "neighbourhood standout" in terms of official assessment, offering a sense of solidity and investment within the community context, even if the interior space requires creative use.
Frequently Asked Questions
1. Is the living area too small?
At 800 sqft, the home is below the city average for living space. However, it is quite close to the average for the Munroe West area (958 sqft), indicating it’s a typical size for this specific neighbourhood. It demands efficient use of space but may not be unusual for the locale.
2. Why is the assessed value higher than the area average?
An assessed value ($305k) above the Munroe West average ($273.5k) can reflect several factors, including the above-average lot size, specific improvements, or its particular positioning on the street. It suggests the municipality views this property as one of the higher-value homes in this part of the neighbourhood.
3. What does the sold price history indicate?
Records show it last sold between $300,000-$350,000 in June 2023, a price range that placed it in the top 13% for the area at that time. This recent sale supports the notion that the property commands a premium within its immediate market.
4. How does the lot size compare?
The 4,916 sqft lot is a key feature. It is larger than both the area and city-wide average lot sizes for comparable homes, offering more outdoor space than many properties in its class—a significant plus for gardening, expansion, or simply having more privacy.
5. How can I verify the exact historical sold prices?
The site provides sold price ranges for context. To obtain the exact, verified sale figures, you must request them directly via email from the service, as they manually compile this data from non-MLS sources to comply with industry regulations.