Property Overview & Key Characteristics
This two-storey home at 18 Monarch Mews offers a well-established presence in a mature Winnipeg neighbourhood. Built in 1975, it sits on a generous 6,873 sqft lot and provides 2,070 sqft of living space, including a finished basement. The property features an attached garage and no pool.
Its appeal lies in its above-average space and lot size relative to most of Winnipeg, offering room to breathe and potential for outdoor enjoyment or expansion. The home’s age is balanced by its evident longevity and the character of a settled area. The data suggests it’s a solid, spacious property that has been well-maintained over the decades.
This home would suit buyers looking for a established family home with ample indoor and outdoor space, who value neighbourhood character over new construction. It’s ideal for those comfortable with a home of this vintage and who may see potential in its good bones and large lot. It’s less suited for those seeking a modern, turn-key property or requiring extensive, brand-new amenities.
Frequently Asked Questions
1. What do the ranking percentages actually mean for this home?
They show the home's position relative to others. For example, ranking "better than 92% of Winnipeg" for living area means it's notably more spacious than most local homes. However, being newer than only 55% of Winnipeg homes confirms its status as a mature property.
2. The home is over 50 years old. What should I anticipate?
While the rankings indicate it's in good company for its age on its street, a home of this vintage will likely have original or older major systems (like roof, windows, plumbing, or electrical). A thorough inspection is crucial to understand the condition and any upcoming maintenance.
3. How does the finished basement factor into the 2,070 sqft living area?
In Winnipeg, finished basements are typically included in the total living area calculation. This means the above-ground square footage may be less than the total listed, and the layout and quality of the basement finish are important to assess.
4. The lot is large. What are the implications?
A nearly 7,000 sqft lot provides excellent private outdoor space, garden potential, and room for additions like a deck or shed. It also means higher property taxes relative to smaller lots and more yard maintenance responsibility.
5. The assessed value is $542,000. How should I use this figure?
Municipal assessments are for tax purposes and often lag behind the current market. Use it as one data point to understand the city's valuation, but the listing price and recent sales of comparable homes (comps) are more critical for determining fair market value.