Property Overview: 465 Grey Street, Winnipeg
Key Characteristics & Appeal
This home at 465 Grey Street in Munroe East presents a compelling case for value-focused buyers, with its standout feature being the generous lot. At nearly 6,600 square feet, the land size is well above average for both the immediate street and the broader neighbourhood, ranking in the top 5% of Munroe East. This offers significant outdoor space and potential for gardening, expansion, or simply enjoying a larger yard—a notable advantage in an established area.
The 948 sqft house itself, built in 1956, offers functional living space that is typical for the local area. Its assessed value is solid for the street, ranking above average among its closest neighbours. The property last sold between 2020 for an estimated $250k-$300k. Its appeal lies in this balance: a home with a manageable footprint on a lot with outsized potential. It would suit a first-time buyer, an investor, or a downsizer looking for a stable neighbourhood property where the true asset is the land itself. A thoughtful buyer might see the larger lot not just as yard space, but as a long-term hedge, providing options that smaller, modern lots simply cannot.
Frequently Asked Questions
1. Is the house small compared to others?
The living area is slightly below the city-wide average but is very much in line with the typical home size in the Munroe East neighbourhood. It represents a practical, efficient layout common for its era.
2. What does the "Elite" ranking for land area mean?
This indicates the property's lot size of 6,596 sqft is in the top 5% of all comparable properties in the Munroe East area. It's a significant asset, meaning you get more land than the vast majority of homes in the neighbourhood.
3. The home was built in 1956. Should I be concerned about its age?
The year of construction is around the local average. While this means prospective buyers should prioritize a thorough inspection for updates to major systems like plumbing, electrical, and the roof, it also reflects the character and established nature of the community.
4. How does the assessed value relate to the likely selling price?
The assessed value (currently $30,400) is for municipal tax purposes and is typically lower than market value. The previous 2020 sale price range ($250k-$300k) is a more relevant, though historical, indicator of market value. Always consult current market comparisons.
5. Why do I have to email to get the exact past sold price?
Sold price data is not always publicly available in Manitoba in a readily accessible format. The provider offers to manually retrieve and share the precise figure from their records upon request as a direct service, without automating the use of your contact information for marketing.