Property Overview: 270 Munroe Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1941 on a standard city lot in the Chalmers neighbourhood. Its key characteristic is its modest scale, with a living area of 616 sqft, which is notably smaller than most homes in the area. The property features a renovated basement and a detached garage. The assessed value is significantly below the Winnipeg city average, reflecting its size and simpler nature.
The appeal lies in its affordability and practicality. It represents a genuine entry point into homeownership or a low-maintenance holding property. The renovated basement adds functional space, making the home feel larger than the main floor square footage suggests. It would suit a first-time buyer on a tight budget, an investor looking for a straightforward rental property, or someone seeking a minimalist, easy-to-maintain home without the upkeep of a larger house. A thoughtful perspective is that its smaller size and lower taxes could free up finances for personalization or savings, offering a different kind of value beyond sheer space.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 616 sqft of living area, it is significantly smaller than the average Winnipeg home. The renovated basement provides crucial additional space, but buyers should be comfortable with a compact main living footprint.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller size, age, and simpler characteristics compared to the broader market. It is more in line with average values within the immediate Chalmers neighbourhood.
3. What is the neighbourhood like?
The home is in Chalmers. The data shows that for metrics like land size and year built, the property is fairly typical for this specific area, suggesting a neighbourhood of older, modestly sized homes.
4. What are the potential uses for the detached garage?
Beyond vehicle storage, the detached garage offers potential for a workshop, additional storage, or could be a feature for a tenant if used as a rental property.
5. How does the last sale price compare?
The home sold for $17,500 in March 2016. This historical price underscores the property's long-standing position as an affordable option, and any current listing price would reflect market changes since that time.