Property Overview
This 948 sqft bungalow, built in 1959, sits on a generous 5,824 sqft lot in Munroe East. Its appeal lies in its balance of a manageable home size with a larger-than-average lot for the immediate area, offering room for gardens, play, or expansion. The home is positioned as a solid, average-value proposition within its street and neighborhood, suggesting it’s a stable and predictable entry point into the market. It would particularly suit first-time buyers or practical investors looking for a land-strong property with classic bungalow layout potential. A thoughtful perspective is that, while the living space is modest city-wide, its above-average land footprint in the neighborhood presents a key value driver that isn't immediately obvious from the square footage alone.
Frequently Asked Questions
What does the "above average" land area ranking mean for this property?
Within the Munroe East area, this property's lot size ranks in the top 15%, meaning it is larger than most comparable lots nearby. This offers more outdoor space or future potential relative to other homes in the same community.
How should I interpret the assessed value compared to the last sold price?
The current assessed value is approximately $30,900. It last sold for an estimated $250k-$300k in 2020. The assessed value is for municipal tax purposes and is typically much lower than market value; the prior sale price gives a more relevant, though dated, benchmark for actual market value.
Is the age of the home (1959) a concern?
The home is older than most on its specific street (ranking in the top 19%, meaning it's one of the older homes there). This typically indicates potential for original features but also suggests buyers should budget for updates to major aging components like roofing, windows, or plumbing.
How does the living space compare to typical Winnipeg homes?
At 948 sqft, the living area is below the Winnipeg city-wide average. This confirms the property is a compact bungalow, best suited for smaller households or those comfortable with efficient use of space, with the lot size being a compensating feature.
Why is the "exact sold price" not publicly listed?
The precise sale price is not always publicly available in Manitoba records. The provided range is estimated from public data. You can request the exact price via email from the listing service, which manually retrieves the data from proprietary sources.