Property Overview: 423 Trent Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value profile centered on its modern build date and assessed value relative to its immediate area. Built in 1978, it is a notably newer construction compared to most homes on its street and in the Munroe West neighbourhood, potentially offering more contemporary building standards and systems. With 720 sqft of living space, it is a compact bungalow, ideal for minimalists, first-time buyers, or investors seeking a manageable property.
Its primary appeal lies in its financial positioning. The assessed value of $289k ranks above average for Trent Avenue, suggesting it is viewed as a higher-value property on its own block. However, this value is below the Winnipeg city average, indicating a more accessible entry point into the market. The lot size is standard for the street but smaller than typical for the wider area, resulting in lower maintenance.
This property would best suit pragmatic buyers who prioritize a newer build over square footage. It’s a strong candidate for someone looking for a move-in-ready home on a quiet street without a premium city-wide price tag, or for an investor attracted to a modern asset in a stable neighbourhood with a clear valuation advantage on its block.
Section 2: Frequently Asked Questions
1. How does the 1978 build date compare to nearby homes?
This is a key feature. The home is significantly newer than most in Munroe West, ranking in the top 5% for year built in the neighbourhood. This often translates to newer wiring, plumbing, and insulation compared to the area's average home built in the 1940s.
2. The living area seems small. How does it compare?
At 720 sqft, the living space is below average for the street, neighbourhood, and city. This confirms it as a compact, efficient layout. Buyers should be comfortable with a smaller footprint, but this also contributes to its manageability and lower price point.
3. Why is the assessed value higher than the street average?
The $289k assessment ranks in the top 21% on Trent Avenue. This premium likely reflects the property’s newer age and potentially better condition relative to its immediate neighbours, as assessed for municipal tax purposes.
4. What is the recent sales history?
The home sold in March 2022 for an estimated $300k-$350k, and prior to that in July 2020 for $250k-$300k. This indicates active market history and price appreciation over that period.
5. How can I get the exact past sale prices?
The site provides sold price ranges publicly. To obtain the exact figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.