Property Overview: 619 Munroe Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct profile defined by its contrasts. Built in 1913, it is a century-old property in the Munroe East neighbourhood, offering above-average interior space (1,137 sq ft) on a roughly average-sized lot (4,996 sq ft) for the immediate area. Its primary appeal lies in this spaciousness relative to nearby homes, providing more room than most on the street and in the neighbourhood.
The property’s significantly below-average assessed value signals a major opportunity for value-conscious buyers, such as investors, renovators, or first-time buyers comfortable with a project. It suits someone looking for a footprint with potential, rather than a move-in-ready home. A thoughtful perspective is that the older vintage and low assessment may allow for creative equity building through strategic updates, but this comes with the inherent responsibilities and potential costs of maintaining a 113-year-old structure. It’s a property that prioritizes lot and interior space over modern systems or finishes.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's current state and market position. For a home of this age, factors like the need for updates, older mechanical systems, or specific market conditions in Munroe East contribute to a lower valuation compared to the Winnipeg average.
2. What does the "Top 13%" ranking for Living Area mean?
It means this home has more living space than 87% of comparable properties on Munroe Avenue. Essentially, it is among the larger homes on the street, which is a key advantage in this location.
3. How recent is the sale history, and what did it sell for?
The most recent recorded sale was in 2020, with a public price range of $200,000 to $250,000. Exact sale prices are not publicly disclosed in Manitoba, but can be requested from the listing service.
4. What are the main considerations with a home built in 1913?
Buyers should budget for and investigate the condition of major aging components, such as the foundation, plumbing, electrical wiring, and roof. While offering classic charm, older homes often require more maintenance and updates to meet modern efficiency and safety standards.
5. Is the lot size a good feature?
At nearly 5,000 sq ft, the lot is slightly larger than the average for both the street and the Munroe East area. This provides a decent outdoor space for a city property, offering potential for gardening, expansion, or outdoor living, which is a valuable asset.