Property Overview
912 Connery Avenue is a 1,140 sqft bungalow built in 1962, situated on a 3,078 sqft lot in Winnipeg's Munroe East neighbourhood. The data presents a property of contrasts: its living space is notably above average for its immediate area, while its assessed value and lot size are significantly below local and city-wide averages.
Key Characteristics & Appeal
The primary appeal of this home lies in its efficient use of space. With living area rankings in the top 13-19% for its street and neighbourhood, it offers more interior room than most comparable homes nearby, which is a distinct advantage for a buyer seeking a comfortable footprint in this area. However, this comes with a much smaller-than-average yard.
Its extremely low assessed value—ranking in the bottom 5-10% across all comparisons—is its most defining characteristic. This suggests a potential entry point into the market for budget-conscious buyers, investors looking for a rental property with a low tax base, or someone willing to undertake updates. The home is newer than most on its street but is still a 60-year-old property, so condition and updates will be crucial.
This property would best suit a pragmatic first-time buyer or an investor whose priority is minimizing carrying costs and who values interior space over outdoor land. It is less suited for buyers seeking a large yard or for those who view assessed value as a direct proxy for move-in readiness.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed values are based on market trends and property characteristics. A value this far below averages can be influenced by factors like the smaller lot size, the home's specific condition, interior finishes, and recent sales of similar properties in the area. It's a strong indicator of a lower property tax burden.
2. How does the smaller lot size affect the property?
The lot is approximately 40% smaller than the neighbourhood average. This means minimal exterior maintenance and a smaller yard, which could be a positive for those seeking a low-maintenance lifestyle but a limitation for gardening, expansive outdoor recreation, or future additions that require space.
3. The home sold between $150k-$200k in 2017. What does that tell us?
This historical price, combined with the current low assessed value, suggests the property has consistently been positioned at a more accessible price point in the market. It's important to obtain the exact sold price and compare it to any current listing price to understand appreciation and market context.
4. Is the above-average living area a sign of an addition or unique layout?
While the data shows the home has more living space than most peers, it does not specify the layout or if additions were made. This is a key question for a viewing, as the flow and functionality of that space are as important as the square footage itself.
5. What should I investigate given the home's age?
Built in 1962, the major systems (roof, wiring, plumbing, heating, insulation) are likely at or beyond their typical lifespan. A thorough inspection is essential to understand the condition and to budget for any necessary updates or repairs, which is typical for homes of this vintage.