641 Consol Avenue

Property Overview: 641 Consol Avenue, Winnipeg

Key Characteristics & Appeal

This home at 641 Consol Avenue is a compact, single-story property built in 1959, situated on a smaller lot within the Munroe East neighborhood. Its primary appeal lies in its position as an accessible entry point into the Winnipeg housing market. With a living area of 798 sq ft, it is notably smaller than most comparable homes on its street, in the area, and across the city. Similarly, the lot size of 2,473 sq ft is significantly below local averages. The assessed value is well below the norm for the area, which is reflected in its recent sold price history.

This property would best suit a first-time homebuyer, an investor looking for a rental property, or someone seeking a minimalist, low-maintenance footprint. Its value proposition is straightforward: it offers ownership in a stable, established neighborhood at a lower financial threshold. A thoughtful perspective for a buyer might be to see the smaller scale not just as a limitation, but as an opportunity for efficient living with reduced utility and upkeep costs. The fact that it is on a smaller lot also means less yard work, which can be a practical advantage.

Frequently Asked Questions

1. Why is the assessed value so much lower than the average for the area?
The assessed value is influenced by the home's smaller-than-average living space and lot size compared to neighboring properties, which typically have larger footprints.

2. How does the recent sale price compare to the assessed value?
The home sold in 2024 for an estimated $250k–$300k. This sale price range is significantly higher than the current assessed value of $25,600, which is common as assessed values for tax purposes often lag behind market sale prices.

3. Is the smaller lot size a major concern?
It depends on your needs. The lot is substantially smaller than others in Munroe East, limiting expansive outdoor space. However, it may be sufficient for a small patio or garden and translates to less maintenance.

4. What does the "Top 98%" ranking for living area mean?
This statistic means that 98% of comparable homes on Consol Avenue have a larger living area. In this case, only 4 out of 183 homes on the street are smaller, confirming this is one of the most compact properties available in this immediate location.

5. Are homes from 1959 likely to have significant issues?
The home's age is typical for the neighborhood. While the core structure is seasoned, the condition of major systems (like roof, plumbing, wiring) and any updates made over the years will be far more important than the build date alone. A thorough inspection is always recommended.