Property Overview: 940 Moncton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a compact, historically grounded property built in 1937, situated on a modest 2,520 sqft lot in Munroe East. Its key characteristic is its notably small scale: with 660 sqft of living area, it is significantly smaller than most homes on its street, in the area, and across Winnipeg. This is reflected in its assessed value of $17,200, which is the lowest on Moncton Avenue and well below city averages.
The appeal lies primarily in its position as an accessible entry point into the Winnipeg market. It represents a low-barrier ownership option for those prioritizing location and affordability over space. The low property taxes, a direct result of the low assessment, are a significant financial consideration. This property would suit a very specific buyer: a minimalist, a first-time investor looking for a hold property with minimal carrying costs, or someone seeking a small footprint with the potential to renovate or rebuild on an established lot. A less obvious perspective is that its status as an outlier in every metric (size, value, age) could present a unique opportunity in a neighbourhood of more uniform, mid-century homes, either as a tear-down or a highly efficient living project.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is directly tied to the home's characteristics. Its very small living area (660 sqft), older age (1937), and modest lot size result in a valuation that ranks in the bottom 5% city-wide.
2. What does the "Top 97%" ranking for Living Area mean?
It means this home's living area is smaller than approximately 97% of comparable homes on its street. In simpler terms, it is among the very smallest houses in its immediate vicinity.
3. Who would this property be best suited for?
It is best suited for buyers with minimal space needs, investors seeking a property with very low annual tax liability, or those viewing the land as the primary asset for future redevelopment.
4. How can I find out the exact historical sale prices?
The provided sold price ranges are based on public data. To receive the exact sale prices, you must request them via the email function on the listing page. The service is manual but provided without marketing spam.
5. The home is much older than others on the street. Should I be concerned?
Built in 1937, it is notably older than the neighbourhood averages (1955-1966). This necessitates a particularly thorough inspection focusing on foundational integrity, wiring, plumbing, and insulation to understand the current condition and any needed updates.