851 Munroe Avenue

Property Overview

This home at 851 Munroe Avenue presents a compelling mix of space and value within its established Munroe East neighbourhood. Built in 1956, it sits on a nearly 5,000 sqft lot, offering more outdoor space than most on its street. With 1,120 sqft of living area, it provides above-average interior space for both the immediate area and the wider Munroe East district. The data suggests its primary appeal is in its generous proportions relative to nearby homes, offering a sense of roominess that can be harder to find in this price segment.

The property would suit practical buyers looking for a solid, no-frills home with a good yard in a mature neighbourhood. It's ideal for first-time homeowners, small families, or investors seeking a property with strong fundamentals over modern finishes. A thoughtful perspective is that this home represents a "value play" within its own micro-market—while its assessed value is modest city-wide, you're acquiring more house and land per dollar here than you would with many comparable listings on the same block.

Frequently Asked Questions

1. How does the home’s size compare to others nearby?
The living area is notably larger than average for Munroe East, ranking in the top 15% for the area. The lot size is also above average for Munroe Avenue itself, offering a more generous outdoor space than many neighbours.

2. What does the sold price history indicate?
The home sold in 2023 for an estimated $300k–$350k and in 2020 for $200k–$250k. This indicates significant appreciation over that period, with the 2023 sale price performing well above average for the street.

3. Is the assessed value a reliable indicator of market price?
Not directly. The assessed value for municipal taxes is $26,900, which is below average for the wider city. Market value is determined by recent sales, location, and condition, and is typically much higher, as shown by the 2023 sale price.

4. What should I consider about a home built in 1956?
While the building is from a solid era of construction, a home of this age will likely need updates to major systems like plumbing, electrical, or windows. A thorough inspection is essential to understand any upcoming maintenance or renovation needs.

5. How can I get the exact past sale prices?
The provider offers to supply the exact sold prices via email upon request, as the figures shown are estimated ranges from public data. They state this is a manual process with a same-day turnaround and no marketing spam.