Property Overview: 384 Kimberly Avenue, Winnipeg
Key Characteristics & Appeal
This 1951 bungalow in Munroe West presents a practical opportunity with a clear value proposition. Its key characteristic is a well-sized, approximately 5,464 sqft lot, which is above average for the immediate neighbourhood. This offers more outdoor space than many nearby properties, providing room for gardening, play, or future expansion.
The home’s appeal lies in its positional value. With a living area of 912 sqft, it is comfortably sized for the area and sits at an assessed value ($298k) that is notably above the Munroe West average. This suggests the property is perceived as a solid asset within its local market, even if it is more modest compared to the Winnipeg city-wide average. The data indicates a property that holds its ground well among its closest peers.
It would best suit a first-time buyer or a downsizer looking for a manageable footprint without sacrificing yard space. It’s also a fit for a value-oriented investor or homeowner who prioritizes the long-term asset value of the land and location over a larger or more recently built house. The numbers suggest you’re buying into a stable, established street where this home represents a middle-of-the-road option with a standout lot size.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices on the street?
The home last sold between $250k-$300k in August 2020. Its current assessed value of $298k is very close to the average assessed value for Kimberly Avenue ($303k), indicating its official valuation is in line with the street's market.
2. Is the living space smaller than similar homes?
At 912 sqft, it is below the average for homes on Kimberly Avenue (1,042 sqft) but is actually slightly above the average for the broader Munroe West area (958 sqft). It offers a more compact layout, which can mean lower utility costs and less maintenance.
3. What does the "above average" land size mean practically?
With a lot size ranking in the top 27% for Munroe West, you have significantly more outdoor space than most homes in the neighbourhood. This is a key differentiator for privacy, outdoor activities, or potential projects like a shed, deck, or garden.
4. The home was built in 1951. What should I consider?
While the building is older than many in the city, it is typical for its area. A pre-purchase inspection is essential to understand the condition of major aging components like the roof, foundation, plumbing, and electrical systems, which may need updates or maintenance.
5. How can I find out the exact historical sale prices?
The provided sold price is an estimated range from public records. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not display MLS transaction data directly.