Property Overview: 488 Trent Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, historically grounded home built in 1930, offering a practical entry point into Winnipeg’s Munroe West neighborhood. Its key characteristic is its modest scale: with 602 sqft of living space and a 2,473 sqft lot, it sits well below average size for the street, area, and city. This translates to a correspondingly lower assessed value of $198k, which is notably more affordable than local and city-wide averages.
The appeal lies in its efficiency and opportunity. It suits first-time buyers, downsizers, or investors seeking a lower-cost foothold in a mature neighborhood without the maintenance of a larger property. The lot, while smaller than most, still provides outdoor space and represents a chance for creative landscaping or potential future expansion, subject to approvals. A thoughtful perspective is that its age and size position it as a "blank canvas" property in an established area, appealing to those who value location over square footage and see potential in adding value through thoughtful updates.
Frequently Asked Questions
1. Is this a small house compared to others in the area?
Yes, significantly. Its living area is in the bottom 7% on its own street and bottom 2% in the Munroe West area, making it one of the more compact homes available.
2. What does the assessed value tell me about the price?
The $198k assessment is below the street average of $246k, suggesting a potentially lower purchase price point. It indicates this property is valued for its land and location more than its current improvements.
3. How old is the house, and what does that mean for maintenance?
Built in 1930, it is 96 years old. While its age is around average for Trent Avenue, buyers should budget for updates to older mechanical systems, windows, and insulation, and consider a thorough inspection.
4. The lot seems smaller than others. Is it still usable?
At 2,473 sqft, the lot is functional but smaller than most in Winnipeg. It will accommodate a yard and garden but offers less privacy and space than larger, standard city lots. This can be a trade-off for lower maintenance.
5. Can I find out the exact price it last sold for?
The site provides a sold price range (CA$200k–250k in September 2023). Due to data rules, exact sold prices are not displayed publicly here but can be requested directly from the site via email for verified figures.