Property Overview: 651 Prince Rupert Avenue, Winnipeg
Key Characteristics & Appeal
This home at 651 Prince Rupert Avenue is a classic post-war bungalow, built in 1955, situated in the Munroe East neighbourhood. Its key appeal lies in its position as a straightforward, modestly-sized property that represents a practical entry point into the Winnipeg market. With 933 square feet of living space and a 4,163 sqft lot, it is consistently below the average size for comparable homes on its street, in the area, and across the city. This isn't a sprawling property, but rather one that offers essential space without excess.
The assessed value of $290,000 is notably below the Winnipeg city-wide average for comparable homes, suggesting a potentially more accessible price point. A thoughtful perspective is that this property may appeal to those who prioritize land ownership and location over square footage, as the lot, while below area averages, still provides decent outdoor space for a home of this era. It would suit first-time buyers, downsizers, or practical investors looking for a manageable property without the premium for above-average size or recent renovations. Its value is rooted in fundamentals rather than luxury finishes.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 933 sqft, the living area is below the average for comparable homes on Prince Rupert Avenue (~1,016 sqft) and in the wider Munroe East area (~1,009 sqft).
2. What is the significance of the assessed value being below the city-wide average?
The city-wide average assessed value for comparable homes is about $390,000. This home's assessment of $290,000 indicates it may be valued lower due to factors like its smaller size or original condition, which can translate to a more affordable purchase price.
3. Is the lot size typical for the area?
The 4,163 sqft lot is below the average for the street (~4,779 sqft) and the Munroe East area (~4,958 sqft). It offers standard yard space for the neighbourhood but isn't considered a large lot.
4. The home was sold in 2016. Can I find out the exact sale price?
The provided data shows a sold price range of CA$200k–250k for 2016. The exact sale price is available by request via the email service listed on the property page.
5. What does the "below average" ranking for Year Built in Munroe East mean?
In Munroe East, this home (built 1955) is older than many comparable homes, ranking in the top 86% (where a higher percentage means older). The area average for comparable homes is about 1960, making this property slightly older than most in its immediate vicinity.