Property Overview
This 912 sqft bungalow, built in 1956, sits on a notably generous 5,502 sqft lot in Munroe East. Its appeal is rooted in its position as a solid, value-oriented home within its immediate context. While the living space is modest compared to broader city averages, the property stands out on its own street and neighbourhood for its above-average assessed value and larger-than-typical lot. This suggests a well-maintained home or one with desirable attributes not fully captured by square footage alone. The recent 2024 sale in the $350k-$400k range indicates strong market interest.
Key Characteristics & Ideal Buyer
The home’s key characteristic is its balance: it offers a manageable footprint with the benefit of a spacious yard. Its appeal lies in being a prudent investment within its community, often outperforming direct neighbours in value. It suits first-time buyers seeking an entry point into homeownership without a massive upkeep burden, or practical downsizers looking for a single-level layout and room for a garden. A less obvious perspective is its potential for a buyer who values outdoor space over interior size, seeing the lot as room for future expansion, a garage, or simply private green space—a rarity in this price segment.
Frequently Asked Questions
1. Is the house smaller than average?
Yes, at 912 sqft, the living area is below the average for both the Munroe East area and Winnipeg overall. However, it is closer to the average for homes directly on Nottingham Avenue.
2. What does the "above average" assessed value mean?
The assessed value of $331,000 is in the top 10-16% for its street and neighbourhood. This typically indicates the municipal assessment views the property favorably compared to similar nearby homes, possibly due to condition, improvements, or its desirable lot size.
3. How old is the home, and what does that imply?
Built in 1956, the home is 70 years old. It is older than most on its street. Buyers should budget for maintenance consistent with a home of this age and consider the potential for older mechanical systems, though many homes from this era were built with durable materials.
4. How does the lot size compare?
The 5,502 sqft lot is a standout feature. It is larger than about 84% of lots on Nottingham Avenue and 78% in Munroe East, offering more outdoor space than is typical for the area.
5. What is indicated by the 2024 sale price range?
The sale in the $350k-$400k range placed the property in the top 4-6% for sale prices on its street and in Munroe East at that time. This suggests it attracted premium interest relative to its immediate peers, aligning with its higher assessed value.