Property Overview
This home at 795 Moncton Avenue presents a distinct profile defined by its modest scale and significant value proposition. Built in 1947, its key characteristic is a 600 sqft living area, which is notably compact compared to most homes on its street, in the Munroe East area, and across Winnipeg. This is balanced by a nearly 5,000 sqft lot that is average for the neighbourhood. The property's assessed value is significantly below local and city-wide averages.
Its primary appeal lies in its accessibility. With a historically low sold price range and a very low assessed value, it represents one of the most entry-level opportunities in the market. This isn't a move-in-ready showcase home; its appeal is for the value-driven buyer or investor who sees potential in the generous lot size and is prepared for a renovation or simplification project. It would suit a first-time buyer with renovation skills, an investor looking for a hold property with a low tax base, or someone seeking the absolute minimum footprint and carrying costs. A less obvious perspective is that such a modest structure on a standard lot offers flexibility—whether for expansion, gardening, or simply having more outdoor space than is typical for such an affordable price point.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is based on factors like living area, age, condition, and recent sales. This home's very small size (600 sqft) and age are the primary drivers of its low assessment, placing it in the bottom tier of properties city-wide for value.
2. What does the "Top 99%" ranking for living area mean?
This statistic means the home's living area is smaller than approximately 99% of comparable homes in each grouping (street, area, city). It is a quantitative confirmation that this is an exceptionally compact property.
3. Is the large lot size a redeeming feature?
Yes. While the house is small, the 4,996 sqft lot is average for the neighbourhood and provides valuable outdoor space. This discrepancy between building size and land size is a key feature, offering potential for future expansion, gardening, or simply more privacy.
4. Who would this property not be suitable for?
It would not suit buyers looking for a turn-key home, those who need multiple bedrooms or ample indoor living space, or anyone unwilling to take on a potential renovation or update project given the home's age and condition implied by its metrics.
5. How can I find out the exact past sold price?
The exact sold price is not publicly displayed. The listing service provides the sold price range based on public data and offers to manually send the exact figure by email upon request, typically by the end of the same business day.