Property Overview: 492 Monreith Street, Winnipeg
Key Characteristics & Appeal
This 900 sqft home, built in 1950 on a 4,106 sqft lot, presents a solid, no-fuss opportunity in the Robertson neighborhood. Its primary appeal lies in its strong standing within its immediate context. While its size is below the Winnipeg city average, it ranks above average for both assessed value and year built on its own street, suggesting it is a well-regarded property among its direct peers. The assessed value of $284k is notably above the street average, indicating perceived quality or desirability relative to neighboring homes.
This property would suit a pragmatic first-time buyer or an investor looking for a straightforward, mid-century home in a stable area. It’s for someone who values being in a home that compares favorably on its block over having a larger, newer property by city-wide standards. The recent sale history shows consistent value appreciation, with the last sale in mid-2023 placing in the top 10% of street prices, pointing to a resilient and potentially competitive micro-market.
Frequently Asked Questions
1. How does this home really compare to others nearby?
While its living space is around the local average, its assessed value is in the top 19% on its street. This suggests it may have better finishes, condition, or other attributes that the city assessor recognizes compared to immediate neighbors.
2. What does the sale history tell us?
The property has sold three times since 2016, each time at a higher price bracket. The most recent sale (mid-2023) was in the top 10% of prices ever recorded on Monreith Street, indicating strong demand for this specific property.
3. Is the lot size a pro or a con?
The lot is typical for the street but below the city average. This means lower maintenance, which is a plus for many, but may offer less room for expansion compared to newer suburban lots.
4. How current is the sold price data?
The site uses publicly available data, not MLS records, and shows approximate price ranges. For verified, exact sale figures, you must request a manual lookup from the site via email.
5. If it’s above average for the street, why is it priced this way?
The above-average assessment for the street supports its value. Pricing often reflects this hyper-local standing more than city-wide averages, especially in established neighborhoods where street-by-street character can vary.