424 Monreith Street

Property Overview: 424 Monreith Street, Winnipeg

Key Characteristics & Appeal

This 900 sqft home, built in 1949, presents a grounded opportunity in Winnipeg's Robertson neighborhood. Its primary appeal lies in its position as a competitively priced, average-sized home within its immediate context. While its living space and assessed value are below the Winnipeg city average, they are squarely in line with—or even slightly above—the norms for Monreith Street itself. A standout feature is the 4,201 sqft lot, which is larger than most on the block, offering valuable outdoor space potential in a city where lot size often decreases with newer builds.

The home suits first-time buyers or practical investors looking for an entry point into the market without overextending. It’s for those who value a stable, established street over a flashy or recently renovated property, and who see potential in a lot size that outperforms its neighbors. The last sale occurred in mid-2023 within the $250k-$300k range, aligning closely with its current assessed value of $243k, suggesting a realistic and transparent pricing history.

Frequently Asked Questions

1. How does this home really compare to others nearby?
The data shows it’s very typical for Monreith Street. Its living area, age, and value are all around the street average. Its lot size, however, is notably larger than most on the block, which is a relative advantage.

2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $243k is consistent with the home’s last sold price range in 2023 and is below both the neighborhood and city averages for comparable homes. It serves as a reliable baseline, but market conditions and property condition will determine the final price.

3. What does the "below average" city-wide ranking mean?
This primarily reflects that Winnipeg has many larger, newer, and higher-valued homes overall. For a buyer focused on the Robertson area, the more relevant comparisons are the street and neighborhood rankings, where the property holds its own.

4. Can I get the exact historical sold prices?
The site provides sold price ranges for context. To obtain verified, exact transaction figures, you must request a manual lookup via email, as this information is not sourced from the MLS database.

5. What are the possible advantages of an older home like this?
Homes from this era (1949) on Monreith Street often share similar construction quality and lot sizes. There can be less variability and surprise in foundations and core structure compared to a street with a mix of very old and very new builds. The larger-than-street-average lot is a benefit common to many homes of this vintage.