Property Overview: 115 Monck Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 115 Monck Avenue in Norwood West is a classic, compact property built in 1922. With 944 square feet of living space on a 3,994 sqft lot, it is notably smaller than most homes on its street and in the wider neighborhood. Its assessed value of $323,000 is below the local average but aligns more closely with the Winnipeg citywide benchmark, presenting a more accessible entry point into a well-established area.
The primary appeal lies in its position as a practical and potentially efficient option in a mature community. It suits first-time buyers, downsizers, or investors looking for a character home without the larger footprint and maintenance that typically comes with properties in Norwood West. Its below-average size and value suggest lower property taxes and utility costs relative to the area, which is a significant but less obvious financial advantage. This isn't a home for those seeking abundant space; instead, it offers the charm and location of a historic neighborhood in a more manageable, affordable package.
Section 2: Frequently Asked Questions
1. Why is the assessed value significantly lower than the street average?
The assessed value is influenced by several factors, with the home's smaller living area and lot size being the most direct contributors. At 944 sqft, it is substantially smaller than the street average of 1,650 sqft, which is reflected in its valuation.
2. What does the "Below Average" ranking for living area mean for me?
It confirms this is a compact home. This means efficient, low-cost heating and cleaning, but also that space is at a premium. It will suit a minimalist lifestyle or require creative storage solutions. The layout and functionality of the space will be more important than the square footage number alone.
3. How can I get the exact sales history for this property?
The public data provided does not include MLS sales records. You can request the full transaction history and exact sold prices by emailing the site directly via the "Request exact figures by email" button. They provide this data manually.
4. The home is over 100 years old. What should I consider?
A 1922 build offers character but warrants a focused inspection. Key considerations include the condition of the foundation, plumbing, electrical systems, and insulation. Modern updates may have been made, so verifying the scope and quality of any renovations is essential.
5. How does this property compare to others nearby?
The provided "Nearby properties" and "Similar assessed value" lists offer concrete comparisons. For instance, nearby homes on Monck Avenue are larger and have higher assessed values. Looking at other city properties with a similar $323k assessment can show what alternative size, style, and neighborhood options exist at this price point.