Property Summary: 470 London Street, Winnipeg
Key Characteristics & Appeal
This 1959-built home in Munroe East presents a classic Winnipeg profile with distinct advantages. Its primary appeal lies in its generous 6,045 sqft lot, which is notably larger than most in the immediate area and neighbourhood, ranking in the top 10-30%. This offers significant potential for gardening, expansion, or simply more private outdoor space compared to neighbouring properties. The living area is a practical 948 sqft, which is fairly typical for the Munroe East area but smaller than the citywide average, suggesting a cozy, efficient layout.
The home’s assessed value is above average for Munroe East, indicating it is viewed favourably relative to its local market. A key, less obvious perspective is that while the house itself is older than most on its specific street, its lot size and assessed value performance suggest the land itself is a strong contributor to its worth. This property would suit a first-time buyer or downsizer looking for a manageable home with a standout yard in a stable neighbourhood, or an investor/owner who sees value in land and is comfortable with a vintage home that may require updates.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The lot is substantially larger than the average for both London Street and the broader Munroe East area. This is a key differentiator, offering more space than you’d typically find in this location.
2. The home is older than most on the street. Should I be concerned?
The 1959 build date means it’s older than about 90% of homes on London Street. This typically suggests potential for older building materials and systems. However, its above-average assessment for the neighbourhood implies it has been maintained or valued in line with market standards. A thorough inspection is always advised.
3. How does the 2021 sale price help determine current value?
The prior sale in the $300k-$350k range provides a recent benchmark. Given the home’s assessed value remains strong for the area, it indicates the property has likely held its value. Market conditions and any updates since 2021 will influence the current price.
4. What does "above average assessed value for the area" mean?
It means the municipal property assessment for this home is higher than most (top 28%) of comparable homes in Munroe East. This can reflect the desirable lot size, condition, or improvements, and often correlates with market value, though not perfectly.
5. How can I get the exact historical sold price?
The exact sold price is not publicly listed. You can request it directly via the form on this page. The service provides the accurate figure manually via email, typically by the end of the same business day, with no marketing spam.