Property Overview: 460 Monreith Street, Winnipeg
Key Characteristics & Appeal
This 877 sqft bungalow, built in 1947, presents a practical and affordable entry point into Winnipeg’s Robertson neighborhood. Its primary appeal lies in its value proposition: with an assessed value of $201k, it sits significantly below average for the street, area, and city, offering a lower property tax base. The lot size of 4,128 sqft is typical for the immediate street, providing standard outdoor space.
The home suits first-time buyers or investors seeking a straightforward, lower-maintenance property without a premium price tag. Its size is manageable, and its value rankings suggest it’s priced accessibly within its context. A thoughtful perspective is that while the living area is modest compared to city averages, it ranks more competitively on its own street, indicating it fits the local scale. The below-average assessment, while attractive for taxes, also suggests potential for value growth through updates, making it a candidate for buyers comfortable with gradual improvement.
Frequently Asked Questions
1. Is the sold price history available?
Exact sold prices are not displayed publicly on the site due to data sourcing rules. However, the last sale (June 2021) is shown in a broad range of $200k-$250k. You can request the exact historical figures via email for a manual lookup.
2. How does this home compare to others on the street?
Its living area (877 sqft) is close to the street average (922 sqft). Its key differentiator is the assessed value ($201k), which is notably below the street average ($251.9k), ranking it in the top 92% for affordability on Monreith Street.
3. What does the "Below Average" ranking for assessed value mean?
This means the home’s official assessed value for tax purposes is lower than most comparable homes in the area. This typically results in lower annual property taxes, which is a financial advantage, though it may also reflect the home’s condition, size, or features relative to peers.
4. Are the sold prices and comparisons from the MLS?
No. The sold price data and comparative analytics are based on publicly available information, not the MLS. The site states the figures are reasonably reliable but should be verified for absolute accuracy.
5. What are the nearby properties like?
The immediate neighbors on Monreith Street are homes of very similar vintage (1940s-1950s). The provided comparisons show nearby homes with similar living areas but often with higher assessed values, reinforcing this property’s position as a value-oriented option in the cluster.