Property Overview
1042 Prince Rupert Avenue is a well-situated home in Winnipeg's Munroe East neighbourhood. Built in 1967, it offers 1,073 sqft of living space on a 4,999 sqft lot, with an assessed value of $34,200. The data suggests this is a property that stands out within its immediate context, offering a blend of space and value that is above average for its street and local area.
Key Characteristics & Appeal
The primary appeal of this home lies in its strong relative value within the Munroe East area. Its living space is notably above average for both the street and the neighbourhood, ranking in the top 26%. More significantly, its assessed value ranks in the top 10% for the area and top 14% on its street, indicating it is considered a higher-value property compared to its closest peers. This suggests a solid investment in a stable setting.
The home is newer than many on its street (built in 1967, ranking top 13%), which may imply updates or a construction era with modern amenities. The lot size is average for the area, providing a balanced outdoor space without excessive maintenance.
This property would suit a pragmatic buyer looking for a home that offers more space and perceived value than its immediate neighbours, potentially a first-time homeowner or an investor seeking a property with strong fundamentals in a mature neighbourhood. Its appeal is less about flashy city-wide rankings and more about being a standout option on its own block and in its community.
Frequently Asked Questions
1. What does the assessed value ranking actually mean?
The assessed value of $34,200 places this home in the top 10-14% of comparable properties in Munroe East and on Prince Rupert Avenue. This means the municipal assessment is higher relative to most homes around it, which can be a marker of the property's condition, features, or desirability within its specific locale.
2. Is a 1967-built home considered old?
While 59 years old, this home is actually newer than the average house on its street. For the area, its build year is around average. This position suggests it may have benefited from building standards or layouts that are somewhat more contemporary than many of its neighbours.
3. How does the living space compare to a typical Winnipeg home?
At 1,073 sqft, the living area is above average for Munroe East but slightly below the city-wide average. This highlights a key point: the home offers ample space for its neighbourhood, making it a comfortable choice for the area, even if newer suburban homes city-wide are larger.
4. Why is the city-wide assessed value average so much higher?
The city-wide average assessed value (listed as $390k) includes a vast range of properties, from new suburban builds to luxury homes. The more relevant comparison is the local average of about $29,400, against which this property's $34,200 assessment stands out positively.
5. How can I find out the exact past sale price?
The listed sale history shows a range (e.g., CA$250k–300k in 2016). To obtain the precise sale price, you can use the email request feature provided. The service manually retrieves this data from official records and will provide the exact figure directly.