Property Overview: 462 Monreith Street, Winnipeg
Key Characteristics & Appeal
This 1947 home in Robertson offers a practical, nearly 1,000 sqft living space on a standard city lot. Its core appeal lies in its relative affordability and solid positioning within its immediate community. While its size and value are below Winnipeg’s city-wide averages, the home stands above average for living space on its own street. This suggests it’s a competitively sized option in a neighborhood of modest, older homes.
The property would suit first-time buyers or pragmatic investors seeking an entry point into the market without overextending. Its assessed value is notably lower than averages at every level (street, neighborhood, and city), which could indicate a value opportunity for a hands-on buyer willing to update an older home. It’s a property for someone who prioritizes neighborhood character and lot location over modern square footage, understanding that its value is anchored more in its local context than in broader city trends.
Frequently Asked Questions
1. Is this house a good value compared to others on the street?
Based on assessed value, it ranks in the bottom 15% on Monreith Street, meaning it’s assessed lower than most direct neighbors. This could signal a better value proposition or reflect a need for updates. Its living space, however, is larger than most on the street.
2. How does the lot size compare?
At just over 4,000 sqft, the lot is very typical for both the street and the Robertson neighborhood, but is below the city-wide average. It offers a standard urban yard space.
3. What can the 2017 sale price tell me?
The previous sale fell within the CA$150k-$200k range, which was in the top 10% of sale prices for the street at that time. This indicates the property has historically commanded strong interest on its block.
4. Why is the assessed value so much lower than the Winnipeg average?
The city-wide average assessed value is skewed higher by newer, larger homes in suburban areas. This home is more representative of the older, central neighborhood stock, where values are consistently lower on a per-square-foot basis.
5. Where can I get exact historical sale prices?
The site does not display MLS sold records. You can request the full transaction history and exact figures via email, which they will provide manually.