162 Monck Avenue

Property Overview & Appeal

This 1909 two-storey home on Monck Avenue is a classic Norwood West property that balances historic charm with modern updates. Its key characteristic is the generous 5,998 sqft lot, placing it in the top 15% for size on its street, offering ample outdoor space in a mature neighbourhood. The home itself provides a spacious 2,048 sqft of living area and features a renovated basement. While its age is notable—ranking it among the oldest 4% of homes in Winnipeg—this is offset by its significantly above-average assessed value for the area, suggesting substantial updates and solid condition. A detached garage completes the picture.

Its appeal lies in this blend of space, location, and value. It suits buyers looking for a character home with room to breathe, who appreciate a neighbourhood with established roots and are prepared for the realities and rewards of maintaining a century-old property. It’s particularly suited for those who prioritize lot size and interior space over a newer build, and who see the high assessed value relative to neighbours as a marker of investment and care.

Key Questions for Consideration

1. Given the home's age, what major systems (roof, wiring, plumbing, foundation) have been updated, and when? Understanding the modernization behind the renovated basement is crucial.
2. How does the property's $500k sale price from 2021 compare to its current assessed value, and what explains any difference? This can clarify market trends and the scope of improvements made in recent years.
3. What is the specific nature of the basement renovation? Is it a finished living space, a utility area, or a suite? This significantly impacts usable square footage.
4. How does the detached garage function? Is it a single or double car garage, and what is its condition? For older homes, a detached garage can be both an asset and a maintenance item.
5. The lot is large for the street. Are there any unique opportunities or restrictions? This could relate to gardening, expansions, heritage designations, or future development potential.