Property Overview: 711 Henderson Highway
This home on Henderson Highway presents a solid, mid-century property in Winnipeg's Munroe West neighbourhood. Built in 1946, its key appeal lies in its strong positional value within its immediate area. The 1,248 sqft living space is notably above average for Munroe West, offering more interior room than most local homes. With an assessed value of $345,000, it ranks well above average for the neighbourhood and slightly above average for the street itself, suggesting it is a premium property within its local context. The lot size of just over 5,000 sqft is typical for the area. Recent sale data indicates it sold for between $400,000-$450,000 in July 2023.
This property would suit a buyer looking for a established home in a mature neighbourhood, who values space and sees the merit in a home that stands out positively in its immediate community. It’s a practical choice for someone who prioritizes a larger living area over a newer build date, and who understands that a home's value is often most meaningfully measured against its closest neighbours.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it's a standout in Munroe West. Its living area is in the top 10% for the neighbourhood, and its assessed value is in the top 6%. This means you're getting more space and a higher-valued property than most homes in the immediate area.
2. The home was built in 1946. What should I consider?
While its age is typical for the street and area, it is older than the Winnipeg city average. This typically means potential future investments in maintenance, updates, or systems upgrades (like plumbing, wiring, or windows) should be factored into your planning and budget.
3. The lot seems smaller than others on Henderson Highway. Is that a concern?
The lot is about average for the city and neighbourhood, but smaller than the average lot on Henderson Highway itself. This suggests the street has a mix of lot sizes, and this property sits on one of the more modest parcels. It offers standard outdoor space for the area but may not be the lot for extensive landscaping or expansion dreams.
4. The home sold for significantly more than its assessed value in 2023. Why?
Assessed value is for municipal tax purposes and often lags behind the market. The sale price reflects what a buyer was willing to pay at that time, likely driven by factors like condition, updates, and market demand. It indicates the property can command a premium over its tax assessment.
5. What is the main takeaway from all this comparison data?
The core insight is that this property is a strong performer within its specific neighbourhood of Munroe West. Its appeal is less about being exceptional city-wide and more about offering above-average space and value in its local context, making it a sensible and competitive option within this community.