Property Summary: 749 Prince Rupert Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 936 sqft bungalow, built in 1955, sits on a 4,143 sqft lot in Munroe East. Its core appeal lies in its strong assessed value relative to its immediate area, suggesting it is a well-maintained or updated home in its neighbourhood context. While the living space is slightly below average for the street and area, the property’s assessed value ranks in the top 22% on Prince Rupert Avenue and top 20% in Munroe East, indicating it likely offers good quality or desirable features for its locale.
The lot size is compact compared to area averages, which translates to less yard maintenance—a practical perk for many. The home last sold between $250k-$300k in 2019, providing a recent benchmark. This property would suit first-time buyers or downsizers looking for a manageable, single-level home in an established neighbourhood. It’s also a candidate for a value-conscious buyer who prioritizes a home with above-average valuation metrics for its micro-area over sheer size, potentially seeing it as a stable investment within that community.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking for the street actually mean?
It means that compared to other homes on Prince Rupert Avenue, this property’s official assessed value is higher than 78% of them. This often reflects factors like renovations, additions, or superior condition relative to neighbouring houses.
2. Is the smaller lot size a significant drawback?
It depends on your priorities. The lot is smaller than most on the street and in the area, which limits expansive gardening or large outdoor projects. However, it also means less time and money spent on yard upkeep, which can be a welcome advantage.
3. How does the 2019 sale price relate to today’s value?
The $250k-$300k sale price from 2019 is a historical data point. Current value will be influenced by market conditions since then, any changes made to the home, and recent sales of comparable properties. It serves as a useful reference, but not a current appraisal.
4. The living area is ranked below average. How noticeable is that?
At 936 sqft, the home is about 80 sqft smaller than the street average. This could mean cozier living spaces or one less room. Buyers should consider if the layout uses space efficiently to meet their needs, as the overall condition and value metrics may offset the slightly smaller square footage.
5. Are homes from 1955 likely to have major issues?
A home of this age will likely have had many systems updated over time. Key points to investigate would be the age of the roof, wiring, plumbing, and foundation. A well-maintained 1950s home can be very solid, but a thorough inspection is essential to understand the state of these core components.