Property Overview: 38 Monarch Mews
Key Characteristics & Appeal
This is a spacious, well-established two-storey home in Winnipeg's Vialoux area, built in 1975. Its primary appeal lies in its generous 10,102 sqft lot and a home that ranks highly against city-wide benchmarks. With 1,914 sqft of living space, it surpasses 88% of Winnipeg homes in size, offering ample room for a family. The property features a finished basement, an in-ground pool, and an attached garage.
The home’s standout characteristic is its overall value proposition, as evidenced by its assessment and past sale price. It ranks in the top 7% of Winnipeg homes by assessed value ($605,000) and sits on a lot size that places it in the top 6% city-wide. This suggests a property that is both substantial and desirable within the broader market. While the home itself is over 50 years old, its construction year is newer than 93% of houses on its own street, indicating it's among the more modern homes in its immediate locale.
This property would best suit buyers looking for a established family home in a mature neighbourhood, who prioritize generous indoor and outdoor space over a brand-new build. It’s ideal for those who value a large, private yard for recreation or gardening and can see the potential in a solid, well-ranked home from the 1970s. The pool is a major bonus for family summers, but appeals to buyers ready for its maintenance.
Frequently Asked Questions
1. How does the age of the home affect its condition and potential costs?
Built in 1975, the home is now over 50 years old. While its systems and structure have proven durable, a thorough inspection is crucial to anticipate updates or maintenance common for homes of this era, such as roofing, windows, or major mechanical systems.
2. The home ranks very high for value in Winnipeg. What does that mean practically?
Ranking in the top 7% by assessed value means this property is considered more valuable than the vast majority of homes in the city. This often correlates with desirable location, lot size, and property features, and can indicate stronger long-term value retention, though property taxes will reflect this higher assessment.
3. Is the pool a liability or an asset?
This depends entirely on the buyer. The in-ground pool is a significant recreational asset for a family and enhances summer living. However, it requires dedicated seasonal maintenance, insurance considerations, and safety measures, which represent an ongoing commitment and cost.
4. The lot is large, but what is the neighbourhood context?
With a lot size over 10,000 sqft, the property offers exceptional outdoor space, ranking in the top 6% in Winnipeg. This is rare in newer subdivisions. It suggests a less crowded, more private setting in a mature neighbourhood where homes have room to breathe.
5. How does its past sale price in 2016 relate to the current asking price?
The home sold for $545,000 in July 2016. The current assessed value of $605,000 reflects market appreciation and improvements over eight years. This history provides a benchmark for understanding the property's market trajectory and can be a point of reference for current value discussions.