Property Overview & Key Characteristics
266 Bronx Avenue is a well-established one-and-a-half storey home in Winnipeg's Munroe West neighbourhood, built in 1951 on a generous 5,265 sqft lot. Its key appeal lies in a combination of space, location, and modern updates. The 1,330 sqft living area is notably larger than most homes on the street and in the area, offering ample room for a growing family or those who value space. A recently renovated basement adds functional living area and immediate move-in appeal. The home's assessed value of $310k positions it solidly within its local market.
This property would suit first-time buyers or young families looking for a character home with modern practicality in a stable neighbourhood. It also appeals to value-conscious buyers who prioritize more interior and yard space over a newer build date, as the home's size ranks significantly higher than its age. The detached garage is a practical asset for vehicle storage or workshop space.
Frequently Asked Questions
How does the home's age affect maintenance?
Built in 1951, potential buyers should budget for updates to major aging components like the roof, windows, or plumbing systems. However, the renovated basement indicates some key modernization has already been undertaken.
Is the assessed value a reliable indicator of the listing price?
The $310k assessment is a strong benchmark for municipal taxation, but the final sale price is determined by the market. It’s useful to compare with recent sale prices of similar nearby homes, not just their assessments.
What does the "larger than average" living area actually mean for daily life?
With living space ranking in the top 10% for the street, it translates to more functional room than many comparable homes, which is a significant advantage for home offices, children’s play areas, or simply avoiding a cramped feel.
How does the neighbourhood ranking translate to livability?
Ranking in the top 65% of Munroe West for lot size and the top 63% for building age suggests a stable, established area with properties that are generally well-kept. It's not the newest subdivision, but it offers mature streetscapes and larger lots.
What are the trade-offs for getting more house and land here?
The data suggests you are acquiring above-average space on a desirable lot, but in an older home. The trade-off is typically accepting the maintenance profile of a 75-year-old structure in exchange for more square footage and outdoor space than a newer, similarly priced home might offer.