Property Overview: 756 Prince Rupert Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Prince Rupert Avenue in Munroe East is defined by its historical roots and practical footprint. Built in 1913, it is notably older than most homes in its immediate area and across Winnipeg, offering classic character but also implying a need for careful maintenance and potential updates. With 980 sqft of living space, the house is compact and efficiently sized, closely matching the average for both its street and neighborhood, making it a manageable space for everyday living.
The property’s standout feature is its lot. At just over 5,000 sqft, the land area is generous for the area, providing above-average outdoor space compared to nearby homes. This presents a significant opportunity for gardening, expansion, or simply enjoying a larger yard—a valuable asset in a mature neighborhood.
Its appeal lies in its position as an affordable entry point into the market, underscored by a notably low assessed value compared to local and city-wide averages. This combination of a sizable lot with a modest, older home suits buyers looking for a project or a long-term hold, particularly first-time homeowners, downsizers seeking a manageable footprint with outdoor space, or investors interested in the value of the land itself. It’s a property where the value is anchored more in its location and land potential than in its current structure.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily based on the property’s specific characteristics—its older age, smaller living area, and the lower average values within its immediate neighborhood—rather than city-wide trends. It reflects the home’s current state and local market conditions.
2. What does the older construction year mean for me as a buyer?
A home built in 1913 will have a different maintenance profile than a modern build. While it offers charm, it’s wise to pay close attention to the condition of major systems (like wiring, plumbing, and the foundation) during an inspection, as updates may be needed or planned for.
3. The home last sold in 2021. Is the price history available?
Exact sold prices are not publicly listed in detail. The provided range from 2021 is based on available data, but you can request the precise historical sale figures directly via the email option on the listing page.
4. How does the lot size compare to nearby properties?
The lot is a key feature. At 5,006 sqft, it is larger than the average lot on Prince Rupert Avenue and in the Munroe East area, offering more private outdoor space than many neighboring homes.
5. What kind of neighborhood is Munroe East?
The listing shows comparisons to many similar homes in Munroe East, indicating a well-established, stable neighborhood. The close grouping of homes with comparable living areas and values suggests a community of primarily modest, single-family residences.