Property Overview: 114 Monck Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 114 Monck Avenue in Norwood West is defined by its compact efficiency and its position as an accessible entry point into the Winnipeg market. Its key characteristic is its modest 660 sqft living area, which is notably smaller than most homes on its street and in the wider city. Built in 1922, it shares the classic charm of the neighbourhood but presents a unique, smaller-scale footprint.
The appeal lies in its lower price point, reflected in an assessed value of $265k, which is well below area averages. This creates an opportunity for first-time homebuyers, downsizers, or investors seeking a manageable property with lower carrying costs. The lot, while smaller than others on the block at just under 4,000 sqft, still offers valuable outdoor space in a central location. It suits a practical buyer who prioritizes location and affordability over square footage, and who sees potential in a home that is simpler to maintain, heat, and renovate compared to its larger neighbours. A thoughtful perspective is that this property represents a chance to own a character home in a well-established area without the typical premium, making it a strategic purchase for those comfortable with a cozy, efficient layout.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is primarily driven by the home's significantly smaller living area and lot size compared to other properties on Monck Avenue and in Norwood West, placing it in a different valuation tier.
2. What does the sold price history indicate?
Records show it last sold between $200k-$250k in April 2019. This historical price, combined with the current assessed value, suggests it has been a consistently lower-priced option in the area, which can be a useful benchmark for understanding its market position.
3. Is the small living area a concern for resale?
While the 660 sqft size is well below average, it also defines the property's niche. It may appeal to a specific segment of the market in the future, just as it does now. Its affordability in the neighbourhood is its counterbalance to the smaller size.
4. How does the lot size impact potential?
At 3,959 sqft, the lot is smaller than many but still provides a decent yard for a home of this size. It may limit expansive additions compared to larger lots on the street, but it remains a valuable asset for outdoor living or gardening.
5. Where can I get verified sale history and exact figures?
The provided data is compiled from public sources. For fully verified transaction history and exact sale prices, you must request a manual lookup via email through the site, as this information is not sourced from the MLS.