Property Overview
This 1952-built, one-storey home at 414 Munroe Avenue in Winnipeg's Chalmers neighbourhood presents a straightforward, renovated living space on a generous lot. Its key appeal lies in its balance: a manageable 936 sqft living area paired with a nearly 4,000 sqft lot that is notably larger than many in the immediate area. The home features a renovated basement, adding functional space. It last sold in 2017 for $200k, a price point that was below the citywide average at the time, and it carries a modest assessed value.
This property would suit first-time buyers or practical downsizers looking for a solid, no-frills home with room to breathe in a mature neighbourhood. It’s a home for those who value land size over square footage and see potential in a stable, updated structure. A less obvious perspective is that its "around average" metrics for the street and neighbourhood suggest a home that blends in rather than stands out, offering a sense of consistency and reducing the risk of being over-improved for the area.
Frequently Asked Questions
What does "renovated basement" typically include?
While specifics should be verified, a listing noting a renovated basement generally indicates finished living space, such as a rec room, additional bedroom, or laundry area. It's important to inquire about the scope, permits, and the quality of finishes.
How does the lot size compare to others?
The 3,996 sqft lot is a standout feature. It's larger than the average lot on Munroe Avenue and significantly larger than the typical Chalmers neighbourhood lot, offering more outdoor space than many nearby properties.
Is the assessed value a good indicator of the sale price?
Not directly. The assessed value ($24.7k) is for municipal tax purposes and is typically far below market value. The 2017 sale price of $200k is a more relevant historical data point, though current market conditions will determine today's value.
What are the implications of having no garage?
This means all parking will be on-street or via a driveway, if one exists. Buyers should consider vehicle storage, winter parking regulations, and their personal convenience.
How does the living area size affect livability?
At 936 sqft, the home is compact and efficient. It's average for the street but below the citywide average. This suits simpler lifestyles but requires thoughtful use of space, making the renovated basement a valuable asset for additional living or storage.