Property Overview: 595 Bronx Avenue, Winnipeg
Key Characteristics & Appeal
This 957 sqft bungalow, built in 1956, presents a compelling value proposition rooted in its desirable lot and strong standing within its immediate community. The home sits on a generous 5,851 sqft lot, which ranks in the top 8% on its street and the top 17% in the Munroe West area, offering significant outdoor space and potential relative to nearby properties. Its assessed value of $349K is notably high for the neighbourhood, ranking in the elite top 5% for Munroe West, suggesting it is viewed as a premium property within this local market.
The appeal lies in this combination of a sizable, valuable lot with a modestly sized home—a profile that suits buyers looking for a footprint with room to grow, garden, or enjoy outdoor privacy. While the living area is average for the street and area, it is below the citywide average, indicating this is not a home for those seeking maximum interior space. Instead, it suits a practical buyer, perhaps a small household, downsizer, or investor, who prioritizes land value and location over square footage. A thoughtful perspective is that this property may represent a "land play" in a stable neighbourhood, where the value is disproportionately held in the lot itself, offering long-term security or redevelopment potential.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in September 2020 for an estimated $300K-$350K. The current assessed value of $349K aligns with the top end of that range, indicating municipal assessment has kept pace with the property's perceived market value.
2. Is the house older than others nearby?
Built in 1956, it is slightly newer than the average home on Bronx Avenue (avg. 1954) and in Munroe West (avg. 1945), ranking in the top 10-20% for its age in those groups.
3. What does the lot size mean for me?
At nearly 5,900 sqft, the lot is substantially larger than many in the area. This allows for more yard space, gardening, parking, or future additions like a shed or deck, subject to local bylaws.
4. Why is the living area ranked lower city-wide?
The home's 957 sqft is below the Winnipeg average (approx. 1,342 sqft). This highlights that its primary appeal is its lot and neighbourhood value, not its interior size, which is typical for the specific area.
5. How can I get exact historical sale prices?
The site provides sold price ranges for general research. For fully verified, exact sale figures and a complete transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.