Property Overview: 828 Moncton Avenue, Winnipeg
Key Characteristics & Appeal
This home at 828 Moncton Avenue is a compact, 699 sqft bungalow built in 1946, situated on a 3,498 sqft lot in the Munroe East neighbourhood. Its key characteristic is its position as an accessible entry point into the Winnipeg market. The appeal lies in its low financial barriers, evidenced by an assessed value significantly below area and city averages. This isn't a large or modernized property; its living space, lot size, and age all rank in the bottom tiers compared to immediate neighbours and the wider city. However, that translates to a very specific opportunity: it represents one of the most affordable options on its street and in its area.
This property would suit a pragmatic first-time buyer, an investor looking for a rental property with lower upfront costs, or someone seeking a minimalist footprint. Its value proposition is straightforward—ownership in a established neighbourhood without a premium price tag. A thoughtful perspective is that a home of this age and scale offers a manageable project for gradual, budget-conscious updates. Its below-average metrics across the board suggest it’s not a candidate for those seeking move-in-ready perfection or above-average size, but rather a practical foundation.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value of $18,800 is based on municipal valuation, which considers factors like the home's smaller size, older age, and specific location. It consistently ranks in the bottom 5-10% of homes on its street, in Munroe East, and across Winnipeg, indicating it is priced for its niche as a highly affordable property.
2. What should I know about a house built in 1946?
Built 80 years ago, this home is older than most in its immediate area. Prospective buyers should budget for and prioritize a thorough inspection. While it offers charm, systems like wiring, plumbing, and the foundation may require attention or updating to meet modern standards.
3. The home sold between $100k-$150k in 2016. How do I find the exact price?
The exact sold price history is not publicly displayed. You can request the precise figure by emailing via the "Get exact sold price history" button on the listing page. The service is manual but straightforward, with a promise of no marketing spam.
4. How does the lot size impact potential?
At 3,498 sqft, the lot is smaller than most in the area. This limits possibilities for large additions or detached structures but could mean less maintenance. The potential for a small garden or patio remains, but expansion options are constrained.
5. Who are the most likely neighbours or comparable buyers?
Given its profile, neighbours likely include a mix of long-term residents and other value-seeking owners. The most similar properties in assessed value are a mix of small single-family homes and condominium units across various neighbourhoods, suggesting your fellow interested buyers will be those for whom low cost is a primary driver.