Property Overview: 549 Marsden Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 948 sqft bungalow, built in 1959, presents a practical and grounded opportunity in the Munroe East neighbourhood. Its core appeal lies in its balance of space and value, highlighted by a land area of 5,825 sqft that is notably larger than most lots in the immediate area and neighbourhood. This generous lot size is the property's standout feature, offering above-average outdoor space for gardening, expansion, or simply more privacy than is typical for the locale.
The home itself is modest in size compared to the Winnipeg city average, but is very much in line with the scale of homes in Munroe East. Its assessed value is consistently average for its street and neighbourhood, suggesting it is priced appropriately within its market context. A recent sale in the $300k-$350k range places it as a mid-tier option citywide.
This property would suit first-time buyers or practical downsizers looking for a manageable home with a valuable, sizeable lot in an established community. It’s for a buyer who sees potential in the land itself and is comfortable with a home that may require updates, given its age. The value proposition is less about immediate luxury and more about securing a solid footprint in a neighbourhood where the lot itself is a appreciating asset.
Section 2: Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The lot is over 5,800 sqft, which ranks in the top 15% on its street and top 14% in Munroe East. This is a significant asset, offering more yard space than many neighbouring properties.
2. How does the home's size compare to others?
At 948 sqft, the living area is slightly below the average for its immediate street and very close to the average for the Munroe East area. It is, however, notably smaller than the city-wide average for homes.
3. What does the assessed value indicate?
The assessed value of $29,800 is consistently around the average for both Marsden Street and the broader Munroe East area. This indicates the property is not an outlier in terms of municipal valuation for its location.
4. The home was built in 1959. What should I consider?
While the building is older, it is actually newer than many on its street (ranking in the top 19%). Buyers should budget for potential updates to major aging components like the roof, windows, and mechanical systems, which is typical for homes of this era.
5. Where can I get precise historical sale prices?
The provided sale price ranges are based on public data. To obtain the exact sold price history, you must request it via email from the listing service, as this information is verified and shared manually.