Property Overview: 649 Moncton Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, post-war bungalow built in 1947, situated on a standard-sized lot in the Munroe East neighbourhood. Its key characteristic is its affordability, underscored by a notably low municipal assessed value that places it in the bottom 10% of homes both locally and city-wide. The living space of 700 sq. ft. is compact, ranking well below the average for the area, indicating a home suited for essential living rather than spaciousness.
The primary appeal lies in its position as a genuine entry-point into homeownership. It represents a low-barrier financial commitment, potentially appealing to first-time buyers, investors seeking a rental property, or those looking to downsize with minimal overhead. The lot size is average for the street, offering standard outdoor space for its setting. A thoughtful perspective is that a home of this vintage and scale often presents an opportunity for gradual, sweat-equity improvements. Its recent sale history suggests it has been transacted as a value-driven asset rather than a renovated showcase, making it a canvas for a buyer's own vision, provided they are prepared for the realities of maintaining a nearly 80-year-old structure.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific attributes—its smaller size, age, and likely its condition and features relative to the broader market. It reflects its value for municipal tax purposes, not necessarily its potential market sale price, though the two are often correlated.
2. Is the 700 sq. ft. living area workable for a small family?
It is very compact. While it may function for a single person or a couple, a small family would find the space limiting. It would require efficient use of space and likely lacks the multiple bedrooms and separate living areas common in larger homes.
3. What should I consider about a house built in 1947?
Homes from this era may have older electrical systems, plumbing, insulation, and windows. A thorough home inspection is crucial to understand the condition and anticipate potential maintenance or upgrade costs, which can be significant.
4. The sold price history shows a range of $150k-$200k. Why such a broad estimate?
Public records often provide price ranges to protect precise transaction details. The range indicates the general market bracket the home has sold within. For the exact historical sale price, you would need to request that information directly from the listing service.
5. How does this property compare to its immediate neighbours?
The data shows it is very consistent with the street in terms of lot size and age. However, its living area is smaller than the street average, and its assessed value is among the lowest on the block, suggesting it may be more modest in scale or finish than surrounding homes.