Property Overview: 516 Bronx Avenue, Winnipeg
Key Characteristics & Appeal
This 1,138 sqft bungalow, built in 1962, presents a practical opportunity in the Munroe West neighbourhood. Its primary appeal lies in offering above-average interior space for both its immediate street and local area, ranking in the top 20-30% for living area among comparable homes. This makes it a notably roomier option within its more immediate market context. The assessed value of $293,000 is positioned around the average for Munroe West, suggesting a fair valuation aligned with the local area, even if it sits below the wider Winnipeg average.
The home suits buyers looking for a solid, no-frills foundation—whether it's a first-time homeowner comfortable with a property from the 1960s, or an investor seeking a straightforward rental property with a manageable lot size (4,680 sqft). A thoughtful perspective is that its newer build date relative to many neighbours (top 7% in Munroe West) could imply updates in its past or potentially fewer immediate concerns associated with much older construction. However, the lot is smaller than most on Bronx Avenue itself, which may appeal to those wanting less yard maintenance but is a trade-off to consider.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold in September 2021 for between $300,000 and $350,000. This sale price ranked in the top 38% for Bronx Avenue at the time, indicating it was a stronger sale. Its current assessed value of $293,000 is slightly below the street's average assessment of $302,000.
2. Is the living space considered large for the area?
Yes. With 1,138 sqft, it offers more living area than approximately 75% of similar homes in the Munroe West area and about 80% of those on Bronx Avenue itself, making it a spacier option in its direct locale.
3. What does the "year built" ranking mean for a 1962 home?
While 1962 is not new, it is newer than most homes in Munroe West. It ranks in the top 7% for the neighbourhood, meaning it's among the more recently built properties in an area with many homes dating to the 1940s and 1950s.
4. Why is the city-wide assessed value ranking lower?
The assessed value ranks below average (top 73%) city-wide because average home values across all of Winnipeg are higher ($390k average). This highlights that Munroe West generally offers more affordable property values compared to the city's overall average.
5. How can I verify the exact historical sold prices?
The site provides sold price ranges based on public data. To obtain the exact sale figures from past transactions, you must request a manual lookup via email through the provided link on the property page.