Property Overview: 830 Prince Rupert Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile centered on land value and affordability. Its primary characteristic is a significant lot size of just over 5,000 sqft, which is notably larger than most lots on its street and in the Munroe East area. This is contrasted by a very compact living space of 594 sqft in a structure built in 1913, placing it among the oldest and smallest homes in all comparison groups.
The appeal lies squarely in opportunity. The low assessed value and historically modest sale price point to an accessible entry into the Winnipeg market, primarily for the value of the land itself. It is a clear candidate for a major renovation, a complete rebuild, or a long-term hold as a land investment. This property would suit a practical, value-oriented buyer such as a contractor, an investor looking for a lot with existing income potential, or a first-time buyer willing to live minimally while planning a future expansion. A less obvious perspective is its potential for multi-generational planning; the large lot could eventually accommodate a new, larger home while the existing structure provides interim housing.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the current state of the property, which is an older, very small home. Value is driven more by the land size and location than by the existing living space.
2. What does the "ranking" data for living area and year built mean?
The rankings show this home is consistently in the bottom percentiles for both size and age compared to homes on its street, in the area, and across Winnipeg. This quantitatively confirms it is a smaller, older property, highlighting its redevelopment or renovation potential rather than move-in readiness.
3. Is the large lot size a major advantage?
Yes. The 5,007 sqft lot is a key asset. It is above average for the immediate street and neighborhood, providing rare space for additions, landscaping, gardening, or future construction that newer, denser subdivisions typically don't offer.
4. What might be important to investigate given the home's age?
A thorough inspection is crucial. For a 1913 build, focus should be on the foundation, structural integrity, roof, wiring, plumbing, and insulation. Understanding the current condition and update costs is essential for any realistic budget.
5. How reliable is the sold price range shown, and why is it a range?
The sold price is an estimate based on publicly available data. To obtain the exact historical sale price, you must request it directly from the provided service, which manually verifies and discloses the figure.