Property Overview
87 Monck Avenue is a 972 sqft bungalow built in 1923, situated on a 4,793 sqft lot in Winnipeg's Norwood West neighbourhood. With an assessed value of $388,000, it presents a specific value proposition rooted in its established location and modest scale.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as a more affordable entry point into a mature, central neighbourhood. The living area is notably compact, ranking in the bottom quarter of homes locally, which suggests a cozy, low-maintenance interior footprint. Conversely, the lot size is more competitive city-wide, offering a decent outdoor space relative to the home's size—a potential draw for those valuing yard space over square footage.
The assessed value is below average for its immediate street but aligns closely with the Winnipeg average, indicating a fair valuation within the broader market. Its 1923 construction date means it is older than most city homes, appealing to buyers charmed by character homes but who are also prepared for the maintenance and potential updates an older property requires.
This property would best suit a first-time buyer, downsizer, or pragmatic investor seeking neighbourhood over sheer size. It’s for someone who prioritizes a established community and land potential over move-in-ready, modern square footage. A thoughtful perspective is recognizing that its below-average size and value on the street could represent a relative opportunity, as investments in updates might yield strong returns in the context of the higher-value surrounding homes.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 972 sqft, the living area is significantly smaller than the average home on Monck Avenue (~1,650 sqft) and in Norwood West (~1,420 sqft). It offers a compact, efficient layout.
2. Is the assessed value in line with the area?
The $388,000 assessment is below the street average but aligns closely with the Winnipeg-wide average. It sits in the middle range for the broader Norwood West area, suggesting a market-reflective valuation.
3. What should I consider with a home built in 1923?
As a 103-year-old home, prospective buyers should budget for potential updates to aging components like wiring, plumbing, windows, and insulation. A thorough inspection is essential.
4. How does the lot size compare?
The 4,793 sqft lot is slightly below average for the street and neighbourhood, but is closer to the city-wide average. It provides a respectable outdoor space relative to the home's modest footprint.
5. Can I get the exact historical sale price?
The listed sale data shows a price range from 2019. For fully verified, exact sale figures, you must request a manual lookup via email, as this site does not display proprietary MLS sales records.