Property Overview
This 1950s one-and-a-half storey home on a generous 4,597 sqft lot in Chalmers presents a practical opportunity. Its key appeal lies in a well-proportioned package: the living area of 1,066 sqft is notably above average for both the street and neighbourhood, offering more interior space than many nearby homes, while the lot size provides ample outdoor potential. A recently renovated basement and a detached garage add functional value. The home’s assessed value sits comfortably above the neighbourhood average, suggesting solid fundamentals for the area, yet the last sale price indicates it may represent an accessible entry point into the market.
It’s a property that suits a first-time buyer or practical investor looking for a home with clear, move-in-ready basics and the space to grow or add value over time. Its above-average specs for the immediate area, paired with a below-average price point citywide, highlight its role as a sensible, grounded choice rather than a luxury offering. A thoughtful perspective is recognizing that its "around average" metrics on its own street signal a stable, established setting without extreme outliers, which can mean predictable long-term value and a lower risk of over-improvement for the area.
Frequently Asked Questions
1. How does the lot size compare?
The lot is just above average for Munroe Avenue and notably larger than the typical Chalmers neighbourhood lot, offering more private outdoor space than many nearby properties.
2. Is the home newer or older than surrounding houses?
Built in 1950, it is almost exactly the average age for homes on Munroe Avenue and is newer than the typical Chalmers neighbourhood home, but is older than the citywide average.
3. What is the significance of the living area being "above average"?
With 1,066 sqft, the home provides more interior space than roughly 84% of comparable homes on its street and 71% in the Chalmers area, meaning you likely get more room than most immediate neighbours.
4. Why was the last sale price significantly lower than the current assessed value?
The last recorded sale was in January 2023 for $22,900. This is not a typical market sale and likely represents a transfer between family members, a lot value transaction, or a sale of the property in need of significant renovation prior to the noted basement renovation.
5. What does the assessed value tell me about this property?
The $260,000 assessment is above the neighbourhood average, indicating the city sees solid value here. However, it remains well below the Winnipeg city average, reinforcing that this is a competitively priced home within its specific, more affordable market segment.