Property Overview: 627 Henderson Highway, Winnipeg
This home presents a distinct value proposition centered on its lot and location rather than the size or modernity of the house itself. Built in 1929, the 744 sqft dwelling is notably compact, ranking in the bottom 7% for living area on its street. However, it sits on a generous 5,283 sqft lot that is above average for its immediate Munroe West area. With an assessed value of $280,000, it is priced below the average for Henderson Highway and the city, but aligns with the local neighbourhood average.
Its appeal lies in the potential of the land and a lower entry point for a key Winnipeg artery. It suits a practical buyer who sees value in location over turn-key condition—perhaps a first-time buyer comfortable with a smaller footprint, an investor eyeing the lot's future potential, or someone seeking to build equity through renovations. It’s a property for those who view "below average" home size as an opportunity for efficient living or expansion, not a drawback.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
As a 1929 build, the home reflects older design norms and has likely seen fewer large-scale additions compared to neighbours. Its living area is significantly smaller than the street average, indicating it's one of the more compact original properties on Henderson Highway.
2. How does the lot size compare, and why does it matter?
The lot is over 5,200 sqft, which is larger than the average lot in the Munroe West area. This is a key feature, offering more outdoor space and potential for additions, gardens, or redevelopment compared to many nearby properties.
3. Is the assessed value a good indicator of the likely selling price?
The assessed value of $280k is a municipal tax valuation. Recent sold data suggests a final price may be influenced by market conditions. The home sold in late 2024 within the $300k-$350k range, which was a higher percentile ranking than its assessed value, indicating buyer demand may push it above its tax assessment.
4. What should I consider about a home built in 1929?
While offering character, a home of this age will likely have older mechanical systems (like plumbing and wiring), insulation standards, and require diligent maintenance. A thorough inspection is essential to understand the condition and any needed updates.
5. How can I get the exact past sale prices for this home?
The site notes that exact sold prices are not displayed publicly due to data source rules. They offer a manual lookup service; you can submit your email request to receive the precise transaction history directly from their team.