Property Overview: 825 Munroe Avenue, Winnipeg
Key Characteristics & Appeal
This home at 825 Munroe Avenue is a practical and well-situated property in the Munroe East neighbourhood. Built in 1959, it is notably newer than many homes on its own street, offering a potential advantage in terms of foundational wear and systems. With 975 square feet of living space and a 4,698 square foot lot, the property provides a comfortable footprint that is very typical for the immediate area, suggesting it fits right into the established character of the street.
Its primary appeal lies in its solid, middle-of-the-road positioning within a stable context. The assessed value and living area consistently rank as "around average" compared to its direct neighbours, indicating a home that is neither over-improved nor under-improved for its setting. This makes it a straightforward, predictable option in the market. The lot size offers good outdoor space relative to the neighbourhood, though it is slightly below the average for the wider Munroe East area.
This property would suit a first-time homebuyer or a practical downsizer looking for a manageable home without unexpected extremes. It’s ideal for someone who values neighbourhood consistency over standout features, and who appreciates a home that is newer than many on its block. Investors may also see it as a stable rental property given its typical dimensions and assessed value alignment.
Frequently Asked Questions
1. How does the 1959 build year compare, and what does it imply?
While around average for the city, this home is newer than most on Munroe Avenue. This can suggest updated infrastructure compared to pre-1950s homes, but a professional inspection is still crucial to determine the condition of the roof, wiring, and plumbing.
2. The assessed value seems low compared to the city-wide average. Why?
The city-wide average includes all property types and neighbourhoods. The assessed value here is closely aligned with values on Munroe Avenue and in Munroe East, reflecting the local market conditions rather than city-wide highs. This is typical for the area.
3. Is the lot size a disadvantage?
At just under 4,700 sq ft, the lot is standard for the street but below the Munroe East average. This means smaller yards than some nearby areas, but it also translates to less maintenance. For buyers seeking a generous yard, it's a consideration; for those wanting less upkeep, it's a benefit.
4. What can the past sale price range (2019: $200k-$250k) tell me?
It provides a historical benchmark, showing the home’s market position several years ago. However, market conditions have likely changed. For a precise price to inform an offer, you should request the exact sold price history via the provided email service.
5. Who are the most likely competing buyers for this property?
Given its profile, competition is most likely to come from other first-time buyers or local investors. It’s less likely to attract buyers looking for a large-scale renovation project or a premium, above-average lot, as the home presents as a settled, standard offering for the street.