Property Overview: 507 Trent Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old home (built 1925) in Winnipeg's Munroe West neighbourhood, defined by its modest scale and accessible price point. With 564 sqft of living space and a 3,149 sqft lot, it is notably smaller than most homes on its street, in the area, and across the city. Its assessed value of $155k follows this pattern, sitting well below local and citywide averages.
The primary appeal lies in its position as an entry point into the housing market. It suits buyers with minimal space needs, such as a first-time buyer, an investor looking for a rental property, or someone seeking a low-maintenance footprint. Its age suggests potential character, but also implies a need for careful inspection of its systems and structure. A thoughtful perspective is that its smaller size and lot represent lower utility costs and less upkeep, which can be a significant long-term advantage. However, the data clearly indicates it is an outlier in terms of size and value within its context, which could influence future resale appeal and should be considered.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to its neighbours?
It is significantly smaller. With 564 sqft, it ranks in the bottom 3% on Trent Avenue and bottom 1% in the Munroe West area for living area.
2. What does the assessed value tell me about this property?
The $155k assessment is well below the average for comparable homes on its street ($246k), in Munroe West ($273.5k), and citywide ($390.1k). This typically reflects its smaller size and age, and suggests a lower property tax burden.
3. Are sold prices available for this home?
A sale was recorded in January 2023, with the price falling within the $150,000 - $200,000 range. For verified, exact historical sale figures, you must request a manual lookup via email from the site.
4. What are the implications of the home being built in 1925?
At over 100 years old, it is older than most homes in the city. This can mean charming architectural details, but it also necessitates a thorough inspection for updates to wiring, plumbing, insulation, and the foundation. It ranks as newer than many on its street but older than most in the wider area.
5. Is the lot size a constraint?
The lot is under 3,150 sqft, which is smaller than most in the vicinity. This limits potential for large additions or extensive outdoor amenities but aligns with the home's low-maintenance profile.