Property Overview: 543 Bronx Avenue, Winnipeg
Key Characteristics & Appeal
This 1,006 sqft bungalow, built in 1955, presents a solid opportunity in the Munroe West neighbourhood. Its primary appeal lies in the strong value of the property itself relative to its immediate area, rather than in sheer size. The assessed value of $324k ranks well above average for both the street and the wider neighbourhood, suggesting the municipality sees inherent value here, potentially due to the generous 5,850 sqft lot. While the living space is modest by city-wide standards, it is competitive locally, and the lot size is a significant asset, offering ample outdoor space and future potential that is becoming rarer.
The home would suit practical buyers who prioritize lot size and established neighbourhood character over a move-in-ready, modern footprint. It’s a fit for someone looking for a manageable house with room to garden, expand, or simply enjoy private outdoor space. The above-average rankings for value, lot size, and age on the street indicate this is one of the more substantial properties in its specific block, appealing to buyers seeking a best-in-street position within an affordable price bracket.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home sold between $350k-$400k in July 2021. Its current assessed value of $324k is below that sale range, which may reflect market adjustments or the municipality's valuation methodology. It ranks highly compared to neighbours, indicating it's considered a valuable property for the area.
2. Is the house smaller than average?
Within the Munroe West neighbourhood, its living area is very typical, actually slightly above the local average. Compared to the entire city of Winnipeg, it is below average, reflecting the prevalence of larger, newer suburban homes. For the street and area, the size is standard.
3. What does the large lot size mean for me?
The 5,850 sqft lot is a standout feature, ranking in the top 20% locally. This offers more privacy, yard space, and potential for additions, decks, or gardens than most nearby properties. It provides a sense of space that can be hard to find in this price range.
4. The house was built in 1955. What should I consider?
While older, the home is actually newer than many on its street and in Munroe West, ranking in the top 11% for the neighbourhood by year built. This suggests potentially fewer immediate age-related concerns than older neighbours, but a thorough inspection for updates to major systems (roof, wiring, plumbing) is always essential for a home of this era.
5. How can I get the exact historical sale price?
The provided sale data is from public records, not the MLS. To obtain the exact sale price from the 2021 transaction, you can request a manual lookup via the email service offered on the listing page. They will provide verified figures directly.