Property Overview: 505 Marsden Street, Winnipeg
Key Characteristics & Appeal
This 948 sqft bungalow, built in 1959, sits on a notably generous 5,824 sqft lot in the Munroe East neighbourhood. Its primary appeal lies in a combination of solid value and above-average land size for the immediate area. While the living space is modest and slightly below the citywide average, the property holds a strong assessed value position within its own street and neighbourhood, ranking in the top 22%. This suggests it is a well-regarded home in its local context.
The home would suit first-time buyers or downsizers looking for a manageable footprint with the bonus of a larger yard for gardening, pets, or future expansion. It also represents a practical entry point into a stable neighbourhood. A thoughtful perspective is that this property offers more outdoor space than many in Munroe East, providing a relative rarity—room to breathe—without a premium typically attached to larger lots in other areas. Its consistent assessment history indicates a stable, predictable investment rather than a speculative play.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot of 5,824 sqft is above average for the Munroe East area, ranking in the top 15% locally. This is one of the property's standout features compared to its immediate neighbours.
2. Is the assessed value high for the area?
Yes. With an assessed value of $32.30k, this home ranks in the top 19% on its street and top 22% in the Munroe East area, indicating it is assessed more highly than many comparable local properties.
3. What is the recent sales history?
The property was last sold between 2019 and 2025, with a recorded price range of CA$250k–300k. For the exact sale price and date, you can request the information directly via the provided email service.
4. How does the living space compare to a typical Winnipeg home?
At 948 sqft, the living area is below the Winnipeg citywide average of approximately 1,342 sqft for comparable homes. It is more in line with the averages for Munroe East and the immediate street.
5. What does the "ranking" data mean for future value?
The rankings show how this property compares to peers on specific metrics. Its strong assessment and lot size rankings within the neighbourhood suggest underlying value drivers, while the modest living area ranking highlights a potential area for modernization or an addition to align with broader market expectations.