Property Overview: 467 Grey Street, Winnipeg
Key Characteristics & Appeal
This 1956-built home in Munroe East presents a compelling case for value-focused buyers, with its standout feature being an exceptionally large lot. At nearly 6,600 square feet, the land size ranks in the top 5% of the local area, offering rare potential for expansion, gardening, or outdoor living that is hard to find in the city. The house itself, at just over 1,050 square feet of living space, is modest and typical for the neighbourhood, suggesting a home that may require updates but sits on a premium parcel of land.
Its appeal lies in this land-to-building ratio. The assessed value is strong for its immediate street, ranking in the top 9%, which indicates the municipal assessment recognizes the underlying property value. This combination suits a practical buyer—perhaps a first-time homeowner willing to renovate over time, a family looking for a spacious yard, or an investor who recognizes the long-term value of land. It’s a property where the true asset is the ground it sits on, offering a blank canvas relative to the lot's size.
Frequently Asked Questions
1. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size of 6,596 sqft is larger than 95% of comparable homes in the Munroe East area. It's a notably spacious plot for this neighbourhood.
2. The home was last sold between 2021-2025 for an estimated $250k-$300k. How can I get the exact price?
The exact sale price is not publicly listed online. You can request it directly via the form on this page. The service manually provides the accurate figure by email, typically by the end of the same day, with no marketing spam.
3. The assessed value seems low compared to the city-wide average. Why?
The city-wide average assessed value (shown as $390k) is skewed by much newer or larger homes across all of Winnipeg. A more relevant comparison is the Munroe East area average of $29.4k; this property's assessment of $31.4k is slightly above that local benchmark.
4. Is the 1956 build date a concern?
The year is typical for the street but older than many in the broader Munroe East area. This suggests that while the structure is not new, it fits the character of Grey Street. A pre-purchase inspection would be advisable to understand the condition of major systems like plumbing, electrical, and the roof.
5. How can I visually compare this property to its neighbours?
Use the "Open neighbourhood map analysis" link provided. This tool lets you see nearby houses on a map and directly compare details like year built, lot size, and assessed value.