Property Overview: 55 Monck Avenue, Norwood West, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 55 Monck Avenue presents a distinct profile within the desirable Norwood West neighborhood. Its key characteristic is a compact 816 sqft living area, which is notably smaller than most homes on its street and in the wider area. However, this is balanced by a generous 5,992 sqft lot, offering ample outdoor space relative to the home's footprint. Built in 1949, it is a significantly newer construction compared to many of its century-old neighbors on Monck Avenue, which may appeal to those seeking a post-war build.
The appeal lies in its potential as a strategic entry point into a well-established neighborhood. The assessed value of $397k is competitive, sitting around the average for the street and city. It suits a specific type of buyer: those who prioritize land size and location over interior square footage, such as first-time buyers, downsizers, or investors. It could be an ideal canvas for someone looking to add value through a thoughtful renovation or expansion, leveraging the larger lot. A less obvious perspective is that its smaller size and newer vintage (for the area) might translate to relatively lower maintenance costs compared to the much older, larger homes surrounding it.
Section 2: Frequently Asked Questions
1. Is the house unusually small for the area?
Yes. The living area is in the bottom 10% for the street, neighborhood, and city, making it a compact home compared to its peers.
2. What is the advantage of the lot size?
At nearly 6,000 sqft, the lot is larger than the street and neighborhood average. This provides valuable outdoor space and potential for gardening, recreation, or future additions, subject to zoning.
3. How does the 1949 build date compare?
It's a newer home on a street of mostly pre-1926 houses. This could mean differences in architectural style, building materials, and potentially fewer major age-related updates needed in the near term.
4. Is the assessed value in line with recent sales?
The assessed value is around area averages. A similar home at 115 Monck Ave (944 sqft) was assessed at $323k, while larger homes on the street have sold for up to $400k-$450k recently, suggesting the assessment is reflective of the market.
5. How can I get the exact historical sale price for this property?
The site provides sold price ranges for context. Due to data licensing rules, exact sale figures are not displayed publicly but can be requested directly via email from the site provider for verified accuracy.