Property Overview: 19 Price Drive, Winnipeg
Key Characteristics & Appeal
This 952 sqft bungalow, built in 1978, presents a practical and straightforward opportunity in the Munroe East neighbourhood. Its primary appeal lies in its efficiency and established location. The home sits on a manageable 2,599 sqft lot, offering low-maintenance outdoor space. A standout characteristic is its assessed value, which ranks in the top 4% on its own street, suggesting it may be viewed favorably relative to its immediate neighbours for municipal tax purposes.
The property suits first-time buyers seeking an affordable entry into the Winnipeg market or investors looking for a stable, no-fuss rental property. Its size and layout are ideal for small households or those looking to downsize. A less obvious perspective is that its "average" size for the area and newer build year compared to many city homes could mean fewer surprises common in much older properties, while still offering the character of an established community. Recent sale history indicates steady appreciation, pointing to a reliable, if not explosive, growth trajectory.
Frequently Asked Questions
1. How does the assessed value impact property taxes?
While the assessed value is used to calculate your share of municipal taxes, it is not the market value. This home's assessment is strong for its street, but your actual taxes will be determined by the city's mill rate. It's wise to inquire about recent annual tax amounts.
2. Is the living space sufficient for a growing family?
At 952 sqft, the living area is typical for the immediate area but below the city-wide average. It would comfortably suit a couple, a small family, or someone looking for a cozy, efficient layout rather than ample room for expansion.
3. What does the sale history tell us?
The home sold between $300k-$350k in 2023 and $150k-$200k in 2019. This indicates significant appreciation over that period, aligning with broader market trends. For the most precise sale price, you can request the exact figure via email from the listing service.
4. How does the lot size compare, and what does it mean for me?
The lot is smaller than most in both Munroe East and Winnipeg overall. This translates to less yard maintenance, which can be a benefit for those seeking simplicity, but offers limited space for large additions, pools, or extensive gardening.
5. What are the implications of the 1978 build year?
Built in 1978, this home is newer than many in Winnipeg. This can be an advantage, potentially meaning updates to building materials and standards. However, homes of this age will likely have had several major components (like roof, windows, furnace) replaced or nearing their lifespan, so a thorough inspection is crucial.