Property Overview: 481 Monreith Street, Winnipeg
Key Characteristics & Appeal
This home at 481 Monreith Street presents a compelling opportunity in Winnipeg's Robertson neighborhood. Its primary appeal lies in its strong standing within its immediate community. The property boasts a living area of 1,071 sqft, which is notably above average for both its street and neighborhood. It sits on a generous 4,828 sqft lot, ranking elite on its street for land size. A key differentiator is its 1962 build year, making it significantly newer than most homes in the area, which average from 1949. The assessed value of $307k reflects its premium position locally, ranking in the top 6% on its street.
This property would suit a buyer looking for a well-sized home in an established neighborhood without the maintenance concerns that often come with much older housing stock. It’s ideal for someone who values space and modernity relative to the immediate area, and whose investment is anchored by strong local metrics rather than city-wide comparisons. A thoughtful perspective is that while the home is average in a city-wide context, its elite rankings on its own street suggest it is a standout property in a micro-market, offering a relative sanctuary of space and newer construction that may not be immediately apparent when looking at broader data.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,071 sqft, the living area is above average for both Monreith Street (avg. 922 sqft) and the wider Robertson neighborhood (avg. 977 sqft). It ranks in the top 16% on its street and top 26% in the area.
2. Why is the assessed value higher than the neighborhood average?
The assessed value of $307k is above the Robertson average of $269k. This is likely due to the combination of a larger-than-average lot, more recent build year (1962 vs. area avg. of 1949), and larger living area, making it a premium property within this specific locale.
3. Is the lot size typical for Winnipeg?
The 4,828 sqft lot is around the city-wide average but is considered elite for Monreith Street, where the average lot is 4,035 sqft. It offers more outdoor space than most direct neighbors.
4. The home sold recently. Where can I find the exact sale price?
The sold price is listed within a range. Due to data source rules, exact sold prices are not displayed publicly on the site. You can request the exact figure via email from the provider for a manually verified lookup.
5. What does the "1962" build year mean for this area?
A 1962 construction is a significant advantage here. It ranks #1 on Monreith Street and in the top 3% in Robertson, where the average home was built in 1949. This suggests potentially updated infrastructure and less immediate need for major system overhauls compared to neighboring houses.