Property Overview
This 1,166 sqft bungalow at 1097 Moncton Avenue, built in 1967, presents a compelling opportunity in Winnipeg's Munroe East neighbourhood. Its primary appeal lies in its strong relative value and above-average positioning within its immediate area. The home sits on a 5,000 sqft lot, which is notably larger than many on its street. The standout characteristic is its assessed value of $350k, which ranks in the elite top 4% on Moncton Avenue and the top 7% in Munroe East, suggesting it is perceived as a higher-value asset compared to its close neighbours. This indicates a property that may offer more modern updates, better condition, or a more desirable configuration than others nearby.
The home would suit practical buyers looking for a solid, established property in a mature neighbourhood. It's ideal for someone who values space and a sense of relative luxury on their street without a city-wide premium price tag. First-time buyers or downsizers seeking a manageable bungalow layout with a generous yard will find the metrics reassuring. A thoughtful perspective is that this property represents a "big fish in a small pond"—it offers standout features for the immediate locale, which can provide greater everyday satisfaction and potentially stronger resilience in local market fluctuations, compared to a similar-priced home in a more uniformly high-value district.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home sold between $350k-$400k in 2021 and currently holds an assessed value of $350k. This suggests the assessment is closely aligned with its recent market transaction.
2. Is the living space smaller than the Winnipeg average?
Yes. At 1,166 sqft, the living area is below the city-wide average of about 1,342 sqft. However, it is above average for both Munroe East and Moncton Avenue, indicating the home is spacier than most in its direct neighbourhood.
3. What does the "elite" ranking for assessed value on the street mean?
It means this home is among the top 4% (ranked 8th out of 220 homes) on Moncton Avenue by assessed value. This typically reflects a combination of factors like lot size, building size, condition, and improvements that make it a higher-value property compared to its immediate neighbours.
4. Is a 1967-built home likely to need major updates?
While the build year is newer than many on its street, a home from 1967 will be nearly 60 years old. Prospective buyers should budget for updates to major aging components like roofing, windows, plumbing, and electrical systems, and consider an inspection to assess current condition.
5. How can I get the exact historical sale price?
The exact sold price is not publicly displayed. You can request it by email via the button on the property page. The service is manual, with a promise of a reply by the end of the same day, and your email will not be used for unsolicited marketing.