Property Overview: 815 Moncton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its historical roots and its position as a value-oriented entry point into the Winnipeg market. Built in 1913, it is notably older than most homes in its area and across the city. With 800 square feet of living space, the interior is compact, ranking below average for size both on its street and in the wider Munroe East neighborhood. However, it sits on a nearly 5,000 sqft lot, which is typical for the immediate area and offers potential for outdoor space or future expansion.
The primary appeal lies in its accessibility. The assessed value is significantly below local and city averages, indicating a lower property tax base and suggesting an affordable purchase price. This is a property for practical buyers: first-time homeowners seeking a foothold, investors looking for a rental property with a manageable entry cost, or downsizers comfortable with a smaller, efficient footprint. Its value isn't in luxury finishes or size, but in the opportunity it presents—a chance to own a character home with a solid lot in an established neighborhood without a premium price tag. A thoughtful buyer might see the older age not just as a maintenance consideration, but as a chance to own a piece of local history and gradually restore its charm.
Section 2: Frequently Asked Questions
1. What does the "below average" ranking for Year Built mean for me?
It confirms this is one of the older homes in the area, built in 1913. This typically means potential for character details but also necessitates a thorough inspection for updates to major systems like wiring, plumbing, and insulation that may be needed.
2. The living area is small, but the lot is average-sized. What are the implications?
This configuration suggests the existing house occupies a smaller portion of the property. For the right buyer, this presents a long-term opportunity: the lot could accommodate an addition, a garden, a garage, or simply provide more private outdoor space than is common with newer, larger homes built on smaller lots.
3. Why is the assessed value so much lower than the city-wide average?
Assessed value is used for calculating property taxes and is influenced by factors like home size, age, and condition. This home's compact size, older age, and potentially dated condition result in a lower assessment compared to the broader Winnipeg market, which includes many newer and larger homes.
4. How reliable are the past sold price ranges shown?
The ranges are based on publicly available data. For the exact sale prices, you must request them via email. This manual process ensures accuracy, as public records can sometimes be incomplete or categorized broadly.
5. Who would this property not be suitable for?
It would likely not suit buyers seeking a modern, move-in-ready home with ample interior space or those unwilling to undertake potential updates an older property may require. It's also less ideal for those prioritizing high immediate resale value over long-term equity building through renovation or holding.