42 Tudor Crescent

Property Overview

42 Tudor Crescent is a 1,053 sqft bungalow built in 1959, situated on a 5,495 sqft lot in Winnipeg's Munroe East neighbourhood. With an assessed value of $300k, it presents a specific value proposition shaped by its context.

Key Characteristics & Appeal

This home's primary appeal lies in its efficient size and its position within a mature, established neighbourhood. The living area is above average for Munroe East, offering comfortable space for its footprint, while the lot size is generous compared to other area homes, providing good outdoor space. Its assessed value is notably below average for its own street and the wider city, which can signal an entry point into a well-located area or indicate a property that may benefit from modernization.

The home suits practical buyers looking for a solid foundation. It would fit a first-time buyer comfortable with a home of this vintage, an investor seeking a rental property in a stable area, or a downsizer wanting a manageable single-level layout. A thoughtful perspective is that while the home ranks lower in value on its own street, it sits on a larger-than-average lot for the broader area—a potential long-term advantage if land values rise or if expansion is possible (subject to zoning).

Frequently Asked Questions

1. Why is the assessed value below average on the street?
This is common for older homes that haven't been extensively renovated or updated. The assessment is based on property characteristics and market values, and a lower assessment can sometimes reflect a home in original or simpler condition compared to upgraded neighbours.

2. How does the lot size compare practically?
At 5,495 sqft, the lot is smaller than others on Tudor Crescent but is actually above average for the Munroe East area. This means you likely have more usable yard space than many nearby homes, which is a plus for privacy or gardening.

3. What should I consider about the home's age (built 1959)?
Homes from this era are typically solidly built but may have original mechanical systems (like plumbing or electrical), windows, or insulation. A thorough inspection is advised to understand the condition and plan for any updates, which can be an opportunity to customize.

4. The last sale was in 2024. What does that mean for me?
A recent sale suggests the current market price was established fairly recently. It's important to find out the exact sold price (available by request) to understand current value trends and see if any improvements were made before that sale.

5. Is this a good investment for the area?
Its value ranks in the middle tier for the wider city, but it's in a neighbourhood where the living space is above average. This combination can represent a balance—getting more house for your dollar within a specific community, which often appeals to long-term residents.