Property Overview: 489 Besant Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 489 Besant Street in Munroe East presents a solid, no-frills opportunity in Winnipeg’s housing market. Built in 1960, it is a slightly newer construction compared to its immediate neighbours, which may suggest updated infrastructure or materials for its era. With 1,013 sqft of living space and a 5,289 sqft lot, the property offers a practical footprint. Its appeal lies in its established neighbourhood setting and its strong positional value within the local context. The data indicates that for its area (Munroe East), the home sits above average in both assessed value and land area, suggesting it is a comparatively substantial property on its block. However, its living space is below the city-wide average, highlighting its place as a more modestly-sized urban home.
This property would suit a first-time homebuyer or a practical investor looking for a straightforward, entry-level house in a long-established neighbourhood. It’s also a fit for those who value a larger-than-average lot for the area, offering potential for outdoor space or future expansion. A thoughtful perspective is that this home represents the "bones" of a neighbourhood—a reliable, average-sized property in a community of similar homes, where value is derived more from stability and lot size than from square footage or modern luxury.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is above average for the Munroe East area and around average for its specific street. This indicates it is a competitively valued property within its immediate local market.
2. Is the house smaller than most in Winnipeg?
Yes, at 1,013 sqft, the living area is below the Winnipeg city-wide average. However, it is very close to the average size for both its street and the Munroe East neighbourhood, making it a typical home for this specific community.
3. What does the sold price history show?
Records indicate a sale between $300k and $350k in 2023. For the exact sale price, you can request details via email from the listing service.
4. How does the lot size compare?
The 5,289 sqft lot is above average for the Munroe East area, which is a notable advantage. It offers more outdoor space than many comparable properties in the neighbourhood.
5. The home was built in 1960. What should I consider?
While newer than many homes on its street, a 66-year-old home will likely require attention to major aging components like the roof, windows, plumbing, and electrical systems. A thorough inspection is essential.