Property Overview & Key Characteristics
This 1,080 sqft bungalow on a 3,352 sqft lot at 25 Price Drive in Winnipeg's Munroe East neighbourhood presents a specific and compelling value proposition. Built in 1978, its primary appeal lies in its strong relative standing within its immediate locale. The home offers above-average living space for its street and neighbourhood, ranking in the top quarter of similar Munroe East homes. Its lot size is also generous compared to others on Price Drive. This creates a scenario of a well-sized home on a good lot for the area, which is further underscored by a recent sale between $250k-$300k in 2023 and a current assessed value that is modest relative to the wider city.
The property would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize space and lot size within a specific community over a premium city-wide location. It’s a home that makes sense within the context of its own street and neighbourhood, offering more interior room than many nearby comparables. A thoughtful perspective is that this could represent a "best-in-class" option for Munroe East itself, providing a comfortable footprint without the price tag of newer or more centrally located suburbs. Buyers should be prepared for a home of its era, but one that holds its own very well in its direct surroundings.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it compares very favourably on its own street and in Munroe East. It has more living area than most direct neighbours and a larger-than-average lot for Price Drive. Its 1978 build date is also newer than most in the immediate area.
2. Why is the assessed value so much lower than the city-wide average?
The city-wide average assessed value is skewed by newer, larger homes in different market segments and more expensive neighbourhoods. The assessment reflects the property's value within its specific market context in Munroe East, which is more accurately compared to the "Same area" average of $29.4k.
3. What might the 2023 sale price indicate?
The sale in the $250k-$300k range suggests the market recently valued it significantly above its assessed value for taxation purposes. This is common and indicates strong buyer interest at that time. It provides a concrete, recent benchmark for potential value.
4. Is the lot size a pro or a con?
This depends on your priorities. The lot is spacious for the street (top 9%), offering good outdoor space for the area. However, it is below the average lot size for both Munroe East and Winnipeg overall, so it shouldn’t be considered an exceptionally large yard by broader standards.
5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed due to data licensing. You can request it by email using the form on the property page. The service states they will provide the accurate figure manually, typically by the end of the same day, without using your email for unsolicited marketing.