Property Overview: 7 Munnion Road, Winnipeg
Key Characteristics & Appeal
This 2019-built home in Ridgewood South offers a compelling blend of modern living and established value. Its primary appeal lies in its above-average size and premium citywide standing, all within a newer, low-maintenance package. With 2,236 sqft of living space, the home is notably larger than both the neighborhood and city averages, providing ample room for families. Its assessed value of $654k places it within the top 5% citywide, indicating a strong market position, yet it remains around the average for its own street, suggesting it fits comfortably within its immediate surroundings without being overbuilt.
The home suits buyers looking for a turnkey, modern property who prioritize interior space over expansive land, as the lot is slightly smaller than others on Munnion Road. It’s an ideal match for growing families or professionals seeking a spacious, contemporary layout without the upkeep of an older home. A thoughtful perspective is that this property offers "move-in equity"; its elite citywide rankings for size, value, and age suggest it’s a competitively positioned asset that has likely kept pace with or exceeded broader market trends, offering both immediate livability and a solid foundation for long-term value.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold in late 2019 for between $550k-$600k. Its current assessed value is above that range and sits near the average for Munnion Road, indicating appreciation consistent with the street's trend.
2. Is the lot size a disadvantage?
The lot is smaller than others on the street but is close to the city average. This typically means less yard maintenance and a focus on the living space indoors, which is well above average. It’s a trade-off that suits those prioritizing the home itself over outdoor space.
3. What does its "elite" citywide ranking for year built mean?
Being in the top 4% citywide for age means it’s among the newest homes in Winnipeg. This translates to modern building standards, likely better energy efficiency, and fewer immediate repair concerns compared to the typical city home built in 1966.
4. Are the property taxes likely to be high?
Taxes are based on the assessed value. While the value is in the top 5% citywide, it is around the average for its own street. Taxes will be higher than for a typical Winnipeg home but proportionate to newer, well-appointed homes in the Ridgewood South area.
5. How can I verify the exact historical sale price?
The site provides estimated sale price ranges. Due to data licensing rules, exact sale prices are not published online. You can request the full transaction history via email from the site provider, who will manually look up and provide the verified figures.