Property Overview: 1138 Moncton Avenue, Winnipeg
Key Characteristics & Appeal
This home at 1138 Moncton Avenue is a compact, modestly assessed property in Winnipeg's Munroe East neighbourhood. Built in 1968, it is notably newer than many homes on its street and in the immediate area. The 696 sqft living area is smaller than most comparable properties, ranking in the bottom 11% on its street. The lot size of 4,339 sqft is also below the local average. The home’s assessed value is well below averages at every geographic level, from the street to the entire city.
Its primary appeal lies in its affordability and entry-level positioning within the market. The data suggests it is one of the more recently built homes in its specific locale, which could imply newer core systems compared to neighbours. It last sold for an estimated $150k–$200k in 2016. This property would suit first-time buyers, investors looking for a lower-cost rental property, or those seeking a minimalist footprint with land potential. Its below-average metrics across size and value highlight it as a practical, no-frills option rather than a premium home.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's relatively small size, older age bracket, and its specific market area. It is consistently valued below averages for its street, neighbourhood, and city, indicating it is priced for an affordable, entry-level segment.
2. The house is smaller than average. Is there room to expand?
The lot, while below the street average, is over 4,300 sqft. This provides a meaningful outdoor space and may offer potential for future additions or renovations, subject to local zoning and permit approvals.
3. It was built in 1968. Does that mean it’s newer than surrounding homes?
Yes. The data shows it ranks in the top 12% for year built on Moncton Avenue, meaning it is newer than 88% of its direct neighbours. This could be an advantage regarding the age of the roof, wiring, or plumbing compared to nearby houses.
4. What does the sold price history tell me?
The home sold between $150,000 and $200,000 in 2016. This historical price, combined with its current low assessed value, reinforces its position as an affordable property. For the exact sale price, you can request details via email from the listing source.
5. How does this property truly compare to others in Winnipeg?
City-wide, its living area is in the bottom 4% of homes, but its lot size is closer to the city median. This creates a unique profile: a very compact house on a reasonably sized lot in an established neighbourhood, offered at a value-oriented price point.