Property Overview: 517 Weedon Street, Winnipeg
Key Characteristics & Appeal
This 1,240 sqft bungalow, built in 1977, presents a solid, mid-century home on a 4,998 sqft lot in Munroe East. Its core appeal lies in its strong positional value within the neighborhood. While the home itself is fairly typical for its street in terms of size, age, and assessed value, it stands out significantly within the wider Munroe East area. The property ranks in the top 3% for assessed value locally, suggesting it is perceived as a higher-quality asset compared to most nearby homes. This creates an interesting dynamic: it's a comfortably average house on its block but sits in a premium position within the community.
The home would suit practical buyers looking for a well-established neighborhood with a mix of older and newer homes. It’s ideal for someone who values a stable, long-term investment in a house that has maintained its relative worth over time. The lot size, while smaller than others on Weedon Street, is very typical for the area, making it manageable without sacrificing outdoor space. A thoughtful perspective for buyers is to consider the balance between street-level uniformity and neighborhood-level prestige; this property offers a low-profile presence on its block while holding a strong standing in the broader market.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
The home’s assessed value is around average for Weedon Street but ranks in the elite top 3% within the larger Munroe East area. This indicates it is considered a higher-value property compared to the majority of homes in the neighborhood.
2. Is the lot size a disadvantage?
At just under 5,000 sqft, the lot is smaller than most on Weedon Street but is very typical (around average) for Munroe East as a whole. It provides a manageable yard space consistent with the local area.
3. What is the home’s likely condition given its age and value?
Built in 1977, the home is newer than many in Munroe East (ranking above average). Its high assessed value relative to the area suggests it may have been well-maintained or updated, but a thorough inspection is always recommended.
4. What was the previous sale price?
Public records show it sold between $300,000 and $350,000 in 2019. For the exact sale price, you can request the information directly via the provided email service.
5. How does the living space compare to typical Winnipeg homes?
At 1,240 sqft, the living area is slightly above average for Munroe East but somewhat below the city-wide average. It offers a comfortable size for the immediate neighborhood.