Property Overview: 1034 Prince Rupert Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a compelling opportunity in Winnipeg's Munroe East neighborhood. Built in 1967, it stands out locally for its above-average scale and lot size. With 1,360 sqft of living space, it ranks in the top 7% on its street and the top 4% within Munroe East, offering more interior room than most immediate comparables. The 5,641 sqft lot is similarly generous, placing it in the top 20% for the area. This combination suggests a home with a comfortable footprint and valuable outdoor space.
The appeal lies in its strong positional value within a established community. Its assessed value ranks in the elite top 4% for Munroe East, indicating it is viewed as a premium property for the locale. This isn't a downtown condo or a sprawling suburban estate; its strength is being a notably substantial and well-regarded home for this specific, in-demand area. It would suit buyers looking for a established neighborhood character, who prioritize more space—both inside and out—than is typically available, and who see value in a property that already sits at the higher end of its local market.
Frequently Asked Questions
1. How does the assessed value compare to the last known sale price?
The home sold for an estimated $300k-$350k in 2018. Its current assessed value is $36,100. It's important to understand that in Manitoba, assessed value is not market value; it is a figure used for calculating property taxes, often significantly lower than what the home would sell for on the open market.
2. Is the home newer or older than others nearby?
Built in 1967, the home is newer than the average house on Prince Rupert Avenue (avg. ~1955) and in Munroe East (avg. ~1960). This is a less obvious advantage, suggesting potentially fewer immediate concerns with aging infrastructure compared to some neighbors.
3. What does the "elite" ranking for assessed value in the area mean?
This ranking means the municipal assessment for this property is in the top 4% of all 2,226 homes in Munroe East. It generally reflects that the assessor views the property's attributes (size, lot, location) as superior to most in the neighborhood, which often correlates with a higher market value.
4. How can I get the exact historical sale price?
The provider offers a manual service to share the exact sold price. You can submit your email via the "Get exact sold price history" button, and they aim to reply by the end of the same day, stating they will not use your email for unsolicited marketing.
5. How does the lot size compare to the city average?
At 5,641 sqft, the lot is above average for its street and neighborhood. However, it is around average (top 40%) city-wide, where lots average about 6,570 sqft. This highlights the neighborhood's more compact, established nature compared to newer suburban developments.