Property Overview: 689 Munroe Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile defined by its balance of space and value. Its most notable feature is the generous 5,001 sqft lot, which is larger than most on Munroe Avenue. This offers significant outdoor potential in a city where land is a premium asset. The house itself is compact at 648 sqft, indicating a cozy, efficient layout typical of its 1955 construction era. With an assessed value of $250,000, it sits at a moderate point compared to immediate neighbors but represents a notably accessible price point within the wider Winnipeg market.
The primary appeal lies in its value proposition as a land-owning opportunity. It suits a specific buyer: a first-time homeowner, downsizer, or investor looking for a manageable footprint without sacrificing yard space. It’s a property where the value is grounded more in the land and location than in the size of the dwelling, appealing to those with a vision for gardens, expansions, or future development. A thoughtful perspective is that its below-average living area, while a limitation for some, translates to lower utility costs and minimal upkeep, aligning with a simpler, more sustainable lifestyle.
Frequently Asked Questions
1. Is the house in need of major updates?
Built in 1955, the home is of an age where core systems (like plumbing, electrical, roof) may require evaluation or updating. Its compact size could make renovations more feasible than in a larger home, but a thorough inspection is advised.
2. How does the sold price history inform the current value?
The home sold between $200k-$250k in 2024. This recent sale, close to its $250k assessment, suggests the current market price is likely anchored in this range, providing a clear benchmark for buyers.
3. What are the implications of having a lot that's larger than the house?
The large lot is a key asset. It provides space for gardening, recreation, or storage. Importantly, it may offer future potential for additions, a garage, or even subdivision, subject to local zoning regulations.
4. The living area is noted as "below average." How significant is this?
At 648 sqft, the living space is significantly smaller than the Winnipeg average. This suits a single person, a couple, or someone comfortable with efficient, minimalist living. It is not suited for a growing family or those needing multiple dedicated rooms.
5. How can I get the exact historical sold prices?
The exact sold prices are not publicly listed. You can request them directly via the email form provided on the listing page. The service promises to provide the accurate figures manually, typically by the end of the same business day.