Property Overview: 816 Moncton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1947, presents a practical opportunity in Winnipeg's Munroe East neighbourhood. Its key appeal lies in its efficient use of space and lot size relative to its immediate area. With 1,087 square feet of living space, it ranks above average for both its street and neighbourhood, offering more room than many comparable local homes. The lot is a generous 4,997 sqft, providing ample outdoor space for gardening, play, or expansion.
The home’s assessed value is notably below the city-wide average, which can signal a more accessible entry point into the market. A sale in the $250k-$300k range occurred in 2023. This profile suggests a property that is competitively sized within its community but may benefit from updates, suiting buyers comfortable with a home of this vintage.
This property would best suit a first-time buyer, an investor, or a practical homeowner looking for a solid foundation in a established neighbourhood. It’s for those who value interior space and yard size over a modern build date and see potential in a character home. A thoughtful perspective is that while its age ranks it among the older homes in the wider area, this often correlates with mature landscaping, well-established communities, and larger lot sizes—factors not captured by the year-built metric alone.
Section 2: Frequently Asked Questions
1. How does this home’s size really compare?
While the living area is around the city-wide average, it ranks in the top 30% on its own street and top 22% in the Munroe East area. This means it offers more interior space than most direct neighbours, which can be a significant advantage.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value is a municipal valuation for tax purposes, not market value. Its lower ranking city-wide reflects the home’s age, likely condition, and the generally more affordable nature of the area compared to newer or more centrally located Winnipeg neighbourhoods.
3. What does the 2023 sale price tell us?
The prior sale in the $250k-$300k range provides a recent market benchmark. It places the home’s past market value in the top 40% for the area, suggesting it was competitively priced for Munroe East at that time.
4. Are there any concerns with a house built in 1947?
As with any home of this age, prospective buyers should budget for potential updates to major systems like wiring, plumbing, and insulation. A thorough inspection is essential. The upside is the potential for solid construction and character often found in homes of this era.
5. How useful are the lot size rankings?
The nearly 5,000 sqft lot is consistently above average for both the street and neighbourhood. This is a less obvious but valuable asset, providing more private outdoor space and potential for additions than many nearby properties, which adds long-term value and flexibility.