624 Prince Rupert Avenue

Property Overview: 624 Prince Rupert Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a distinct profile defined by its contrasts. Its key characteristic is an exceptionally large lot of 5,863 sqft, which ranks in the top 4% on its street and top 14% in the Munroe East area. This generous outdoor space is the property's primary asset, offering significant potential for gardening, expansion, or simply enjoying a rare amount of private land for the neighbourhood.

The appeal lies in this land value proposition and the opportunity it represents. The house itself is modest, with a living area of 762 sqft that is below average for its street, area, and the city. It is also a century home, built in 1913, which suggests a need for thoughtful evaluation of its condition and updates. The assessed value is notably low compared to city-wide averages, reflecting these factors.

This property would best suit a specific type of buyer: a hands-on individual, investor, or builder who sees value primarily in the land. It’s a candidate for a renovation project, a potential teardown and rebuild, or for someone who prioritizes expansive outdoor space over interior square footage. It is less suited for buyers seeking a move-in-ready home or above-average interior space without a major project.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics: a smaller, older home on a valuable lot. Assessments typically weigh the current state and size of the building heavily, so the lower value aligns with the modest living area and age of the structure, not necessarily the future potential of the land.

2. What does the "Elite" ranking for Land Area mean?
This statistical ranking means this property's lot size is larger than approximately 96% of the comparable homes on Prince Rupert Avenue. It highlights that the land parcel is a standout feature in its immediate context.

3. As a 1913 home, what should I be most concerned about?
Prospective buyers should prioritize inspections for foundational integrity, wiring, plumbing, and insulation. Century homes can be charming and solidly built, but their systems are often outdated and may not meet modern efficiency or safety standards without updates.

4. The home last sold between 2019-2025. Can I get the exact price?
The exact sold price is not publicly available in Manitoba. The listing indicates you can request this information directly from the service by email, and they provide it manually without marketing spam.

5. Is this a good option for adding an addition or rebuilding?
The lot size certainly provides the physical space for an addition or new build, making it a strong candidate. However, success depends entirely on the City of Winnipeg's zoning bylaws, heritage designations (if any), and the specific costs of construction or major renovation, which should be investigated thoroughly before purchase.