Property Overview
171 Monck Avenue is a character home in Winnipeg's Norwood West neighbourhood, built in 1914. Its primary appeal lies in its generous, above-average living space within a well-established area. The home presents a specific value proposition, balancing historic charm with practical considerations for the right buyer.
Key Characteristics & Appeal
The standout feature is the 2,118 sqft living area, which places it in the top 8-19% for size compared to both the local area and the wider city. This suggests a home with ample room for a family or those who value spacious interiors. With an assessed value of $476k, it sits above average for its neighbourhood and city, indicating a perception of solid worth.
The home suits buyers looking for a character property who prioritize interior space over a large yard, as the 3,991 sqft lot is smaller than most on the street and in the area. Its 1914 build date means it is older than many area homes, likely appealing to those who appreciate classic architecture but are prepared for the maintenance and potential updates that come with a century-old structure. Recent sale history shows significant value appreciation since 2017, pointing to a strong investment in a desirable locale.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the $476k assessment is a strong benchmark, selling prices are influenced by current market conditions, the home's specific state of renovation, and buyer demand. The assessed value being above area averages is a positive sign of its established worth.
2. What are the implications of the home being built in 1914?
This age offers classic charm but warrants a thorough inspection. Buyers should budget for potential updates to older systems like wiring or plumbing and consider the energy efficiency of the original structure. The character comes with a responsibility for ongoing maintenance.
3. The lot size is noted as "below average." How much of a drawback is this?
The yard is smaller than most in Norwood West. This is a trade-off: it means less outdoor maintenance and private space but could be a limiting factor for those wanting extensive gardens, play areas, or future additions. The appeal shifts focus to the interior living space.
4. The home sold recently in 2022. Why is it back on the market?
While the provided data doesn't state the home is currently for sale, the 2022 sale price range ($450k-$500k) shows rapid appreciation from its 2017 sale. This history can indicate a desirable, fast-moving market on Monck Avenue, but any buyer should inquire about the specific reasons for the current sale.
5. How does this home compare to its immediate neighbours?
The data shows direct neighbours, like 162 Monck Avenue, can have similar living area but a significantly higher assessed value ($577k). This variance suggests factors like renovation level, condition, or specific lot attributes greatly influence value, making a direct street comparison essential.