Property Overview: 925 Munroe Avenue, Winnipeg
Key Characteristics & Appeal
This home at 925 Munroe Avenue presents a compelling opportunity in Winnipeg's Munroe East neighbourhood. Built in 1962, its key appeal lies in its strong relative value within its immediate area. The 1,040 sqft living space is notably above average for Munroe Avenue itself (ranking in the top 23%), offering more room than many direct neighbours. The assessed value of $32,900 is a standout feature, placing it in the top 8% on its street and top 16% in Munroe East, suggesting it may offer more house for the tax dollar compared to nearby properties. The lot size of 4,800 sqft is solid and typical for the local area.
The property suits practical, value-conscious buyers—perhaps first-time homeowners or investors—who prioritize the fundamentals of space and municipal valuation over a more modern build. A thoughtful perspective is that while the home is newer than many on its street, its city-wide rankings for size and value are average, indicating it’s a strong player in its specific micro-market rather than the broader city. Its last known sale was between $250k-$300k in 2020.
Frequently Asked Questions
1. What does the high assessed value ranking mean?
It means the municipal assessment for this home is higher relative to most of its immediate neighbours and area homes. This can indicate a better-than-average perceived value for property taxes but should be verified against the actual sale price and recent market conditions.
2. How does the living area compare practically?
At 1,040 sqft, it provides more living space than the average home on Munroe Avenue (~951 sqft). It is comfortably sized for a small family or couple compared to the local norm, though it is modest by wider Winnipeg standards.
3. Is the 1962 build date a concern?
While newer than many homes on the street (average build year 1949), a 64-year-old home will likely require attention to major systems like roof, plumbing, and wiring. Its above-average ranking for year built locally suggests potentially less immediate heritage-related upkeep than older neighbours.
4. How does the lot size affect potential?
The 4,800 sqft lot is very typical for the area. It provides a standard suburban yard space but is not unusually large. There is likely limited potential for subdivision, but ample room for gardening, play, or additions subject to zoning.
5. Where can I see precise historical sale data?
The exact sold price history is not publicly displayed. The site provides an estimated range based on public data and offers to send the precise figures manually via email upon request, at no cost and without marketing spam.