Property Overview
532 Kimberly Avenue is a well-established home in Winnipeg's Munroe West neighbourhood. Built in 1955, it offers 1,006 sqft of living space on a generous 5,575 sqft lot, with a current assessed value of $311,000. The data presents a home that is consistently above average for its immediate area, offering a solid value proposition within a mature community.
Key Characteristics & Appeal
This property’s primary appeal lies in its strong positioning within the local market. While its size is modest compared to the city-wide average, it stands out in Munroe West, ranking in the top 25% for lot size and the top 19% for assessed value among area peers. This suggests you get more land and perceived value than many neighbouring homes. Its 1955 build date is also newer than most in the area, which can be an advantage for systems and infrastructure.
It would suit practical buyers looking for a grounded investment in a stable neighbourhood—perhaps first-time homeowners or downsizers who value a larger yard over excessive square footage. The numbers indicate a property that isn’t the newest or largest on the city scale, but one that offers relative premium within its own community. This makes it a sensible choice for someone prioritizing location, lot size, and value retention in a specific area over competing for a similarly priced home in a broader, more competitive market.
Frequently Asked Questions
How does this home’s value compare to recent sales on the street?
Based on available data, the last sold price range (2021) was between $300,000 and $350,000, which placed it in the top 28% for Kimberly Avenue at that time. The current assessment of $311,000 is slightly above the street average, indicating stable value.
Is the living space small for a home at this price?
While the living area is below the Winnipeg average, it is very close to the typical size for Munroe West. The appeal here is balanced toward the larger-than-average lot size for the area, which may offer potential for outdoor space, gardening, or expansion.
What does it mean that the year built is "above average" for the area?
Built in 1955, this home is newer than about 89% of comparable homes in Munroe West. In a neighbourhood with many homes built in the 1940s and early 1950s, this can sometimes mean updates to foundational building codes or materials, though a specific inspection is always recommended.
How reliable is the sold price data provided?
The site notes that sold prices are based on publicly available internet data, not the MLS, and are presented in ranges for non-members. For fully verified figures and exact transaction history, you must request a manual lookup via email from the service.
Are the nearby and similarly valued properties good indicators for comparison?
The listed nearby properties (e.g., 536 Kimberly Ave) help gauge the immediate streetscape, while homes with a similar assessed value from other neighbourhoods (like Varsity View or Roblin Park) provide context for what this price point can buy across Winnipeg, highlighting this property’s lot-size advantage in its own area.