Property Overview: 495 Besant Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1959, presents a compelling mix of space and value within Winnipeg's Munroe East neighbourhood. Its primary appeal lies in its above-average living area of 1,170 sq ft, which ranks in the top 10% for both its immediate street and the broader area, offering more interior space than most comparable local homes. This makes it a practical choice for small families, first-time buyers needing room to grow, or anyone seeking a comfortable footprint without a premium price tag.
The property’s assessed value of $240,000 is notably below average for the city, indicating a potentially accessible entry point into the market. The lot size of 4,760 sq ft is fairly standard citywide but is smaller than others on Besant Street, which could mean less yard maintenance—a plus for some. A thoughtful perspective is that this combination—generous interior space on a manageable lot with a lower assessed value—suggests the value is in the home itself rather than the land. It would suit value-conscious buyers who prioritize indoor living space over extensive outdoor areas and are comfortable with a home from the late 1950s, likely appreciating its established neighbourhood character.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home sold in the $200k-$250k range in 2019. Its current assessed value of $240k is below the city-wide average for homes, but consistent with that recent sale price, suggesting a stable valuation in its market segment.
2. Is the living space larger than most homes nearby?
Yes. With 1,170 sq ft, this home offers more living area than approximately 90% of similar homes on its street and in the Munroe East area, which is a significant advantage for the neighbourhood.
3. What does the lot size mean for me?
At 4,760 sq ft, the lot is slightly smaller than direct neighbours but close to the average for Munroe East. It provides a decent outdoor space while potentially requiring less upkeep and lower landscaping costs than larger lots.
4. The home was built in 1959. What should I consider?
While the building age is typical for the area, a home of this vintage will likely have had updates over time. A thorough inspection is recommended to understand the condition of major systems like plumbing, electrical, and the roof, and to identify any modernizations.
5. How can I get the exact historical sale price?
The provider offers a manual service to share the precise sale price history. You can submit your email request directly on the listing page, with a promise of a reply by the end of the same day and no unsolicited marketing.