Property Overview: 102 Monck Avenue, Norwood West, Winnipeg
Key Characteristics & Appeal
This home at 102 Monck Avenue is a classic 1913-built residence in Winnipeg's Norwood West neighbourhood. With 1,396 square feet of living space, it offers a comfortable size that is quite typical for the city overall, though it is somewhat more compact than many homes on its own street and in the immediate area. The assessed value of $375,000 positions it as a more accessible entry point on Monck Avenue, where average values are higher, while being squarely in line with broader city averages.
The appeal lies in its established location and its value proposition within a desirable neighbourhood. The lot, at just under 4,000 square feet, is smaller than most in the area, which could mean less maintenance—a potential plus for downsizers or those seeking a lower-maintenance yard without sacrificing location. This property would likely suit first-time buyers looking for a character home in a mature neighbourhood, or practical buyers who prioritize location over square footage and are comfortable with a home that requires the care typical of its age. It represents an opportunity to enter a well-regarded area at a assessed value that is competitive on a city-wide scale.
Frequently Asked Questions
1. How does the home’s age affect potential renovations or maintenance?
Built in 1913, this home is older than most in Winnipeg. Prospective buyers should budget for and investigate the condition of major aging components, such as the roof, plumbing, and electrical systems, which may need updating or special attention.
2. The lot size is noted as smaller than average. What are the implications?
The 3,957 sqft lot is significantly smaller than most in Norwood West. This typically means less outdoor maintenance and lower landscaping costs, but also limited space for expansions, large decks, or extensive gardening. It’s a practical choice for those who want a yard but not the workload of a larger plot.
3. The assessed value is below the street average. Is this a positive sign?
It can be. While it may reflect the home’s smaller size and lot, it also suggests a potentially lower property tax burden compared to immediate neighbours and could represent a value opportunity for buying into the neighbourhood.
4. What is the historical sale context for this property?
Records show it last sold between $300,000-$350,000 in August 2016. This provides a benchmark for past market value, though current conditions and any changes to the property since then must be considered.
5. How does the living space compare practically for daily life?
At 1,396 sqft, the home is slightly below the neighbourhood average but close to the city average. It likely offers five to six main rooms, suitable for a small family, a couple, or an individual. Buyers should consider if the layout and room sizes meet their specific needs, as older homes can sometimes have less open floor plans.