Property Overview: 536 Kimberly Avenue, Winnipeg
Key Characteristics & Appeal
This 1,022 sqft bungalow, built in 1954 on a 5,575 sqft lot, presents a compelling value proposition within its established Munroe West neighbourhood. Its primary appeal lies in its strong positional value. While the home's size is modest compared to the citywide average, its assessed value of $356k ranks in the top 4% for Munroe West and the top 11% on its own street. This indicates it is perceived as a higher-value property within its immediate area, likely due to factors like lot size, condition, or specific location.
The home suits practical buyers looking for a solid entry into a mature neighbourhood. It's ideal for a first-time homeowner, a downsizer seeking a manageable property with a generous yard, or an investor attracted by its apparent value retention in the local context. A thoughtful perspective is that this property may represent "above-average" quality or potential for its specific area, rather than sheer size. Its last known sale was between $200k-$250k in late 2022, suggesting significant assessed value appreciation, which warrants investigation into recent updates or market shifts.
Frequently Asked Questions
1. Why is the assessed value so high compared to the last sold price?
The assessed value of $356k is notably higher than the $200k-$250k range it sold for in late 2022. This could be due to significant renovations after that sale, a general reassessment reflecting strong market increases in the area, or the inherent value of its larger-than-average lot for the neighbourhood.
2. How does the home's size compare to others?
At 1,022 sqft, the living area is slightly above average for Munroe West but below the Winnipeg city average. This is typical for many post-war bungalows and suggests a efficient, manageable layout rather than a sprawling home.
3. What does the "Elite" ranking for value in Munroe West mean?
Ranking in the top 4% for assessed value in the Munroe West area means this property is assessed higher than 96% of comparable homes in the neighbourhood. It signals that municipal assessment views it as one of the more valuable properties in that specific locale.
4. Is the lot size a significant feature?
Yes. The 5,575 sqft lot is above average for both Munroe West and the immediate street. This offers more outdoor space, privacy, and potential for gardening, expansion, or additions than many neighbouring properties.
5. How can I find out the exact past sale prices?
The site provides sold price ranges for general research. To obtain verified, exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system displayed on public portals.