Property Overview: 348 Kimberly Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1951, sits on a near 4,800 sqft lot in the Munroe West neighbourhood. Its core appeal lies in its strong positioning within its immediate area. The living space is notably above average for both the street and the neighbourhood, offering more room than many comparable local homes. Similarly, its assessed value of $313,000 ranks well above the Munroe West average, suggesting a perceived value that stands out in this specific community. This creates a practical advantage: you get more house for your money within this locale than you might elsewhere in the city.
The property suits buyers looking for a solid, established home in a neighbourhood context rather than a city-wide standout. It’s ideal for someone who values space and relative value within a specific community over a newer home or a massive lot. A thoughtful perspective is that while the home is older, its above-average size and value ranking in the area indicate it may have been well-maintained or updated relative to its peers. The recent sale in early 2023 also provides a clear, modern price benchmark, adding a layer of transparency for buyers.
Section 2: Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows this home is competitively sized, ranking in the top 23% for living area in Munroe West. Its assessed value is also in the top 17% for the neighbourhood, meaning it’s valued higher than most direct comparable properties nearby.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value ($313k) is for municipal tax purposes. Notably, the home sold in March 2023 for between $300,000 and $350,000, which aligns closely with the current assessment, providing a recent market reference point.
3. What does the "below average" city-wide ranking for year built mean?
Built in 1951, the home is older than about 71% of properties across Winnipeg. This is typical for established neighbourhoods but underscores the importance of considering the condition of major systems like roof, wiring, and plumbing.
4. How usable is the lot size?
At 4,796 sqft, the lot is very close to the average for both the neighbourhood and the city. It provides a standard outdoor space for a home of this era—sufficient for a garden, patio, and play area, but not an exceptionally large yard.
5. How can I find out the exact past sale price?
The site provides a sold price range. To obtain the exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.