Property Overview: 625 Henderson Highway
This home presents a distinct profile defined by its generous lot and compact living space. Built in 1944, it sits on a notably large parcel of land (over 6,150 sq ft) in the Munroe West neighbourhood. The 739 sq ft living area is well below average for the city, while its assessed value of $303,000 sits in a middle range compared to local and city-wide benchmarks. Its appeal is less about the existing structure and more about the potential of the property itself.
Key Characteristics & Ideal Buyer
The core characteristic here is the land-to-building ratio. The lot size is significantly above average for both the immediate area and Winnipeg overall, offering a substantial outdoor space that is uncommon for properties in this price segment. The home itself is modest in size, typical of its era, suggesting a focus on efficient, no-frills living or significant renovation potential.
Its primary appeal lies in this potential. It suits a buyer looking for a large yard in a mature neighbourhood, whether for gardening, recreation, or future expansion. It could be a fit for a first-time buyer comfortable with a cozy footprint, an investor seeing long-term land value, or a hands-on owner planning a renovation or rebuild who values the established lot size over a modern floor plan. It’s less suited for those seeking move-in-ready, spacious interiors without immediate renovation plans.
Frequently Asked Questions
1. Why is the living area so much smaller than average?
Homes built in the 1940s often had more modest interior layouts compared to modern standards. This property reflects the post-war style where efficient use of space was common, with the focus often placed on the utility of the land itself.
2. What does the assessed value tell me about the listing price?
The assessed value of $303,000 is a municipal valuation for tax purposes, not a market price. Notably, it is above the average assessed value for Munroe West, likely reflecting the premium lot size. A market listing price would consider current conditions, the home's state, and buyer demand.
3. How does the large lot size impact the property?
A lot of this size (over 6,150 sq ft) offers rare potential in the city. It provides ample private outdoor space and increases future options, such as additions, landscaping projects, or even subdivision if zoning allows, which can be a significant long-term value driver.
4. Are there any visible sales records for this property?
As noted, no sales history is displayed on this page. This can occur with long-held properties or due to data source limitations. The site offers a manual lookup service to obtain verified sales history upon request.
5. What should I consider about a home built in 1944?
While offering charm and established neighbourhoods, a home of this age will likely have older building systems (like plumbing, electrical, and heating). A thorough inspection is essential to understand the condition, necessary updates, and to factor potential maintenance or upgrade costs into your budget.