Property Overview
10 Monarch Mews is a substantial two-storey home in Vialoux, Winnipeg, built in 1975. It sits on a large, approximately 9,412 sqft lot and offers 2,272 sqft of living space. Key features include a finished basement, an in-ground pool, and an attached garage. The home’s most recent sale was recorded in July 2022 for $710,000, and its current assessed value is $634,000.
Key Characteristics & Appeal
This property’s primary appeal lies in its generous proportions and established setting. It offers space and privacy on a large lot, a rarity in many modern subdivisions. The in-ground pool is a major recreational feature for summer months. The home ranks exceptionally well against its local and city-wide peers for its lot size, living area, and assessed value—often placing in the top 10-15%—which suggests it is a premium offering in its category. It would best suit a buyer looking for a move-in ready, established family home with room to grow and entertain, who values a property with a proven track record of value retention and appeal in the market. A less obvious perspective is that a home from this era, on a lot of this size, often presents opportunities for future updates or expansions that newer, denser developments cannot offer.
Frequently Asked Questions
1. What is the significance of the property rankings provided?
The rankings show how this home compares to others on its street, in its neighbourhood, and across Winnipeg in key metrics like size and value. For example, ranking in the top 7% of Winnipeg for living area means it is significantly larger than most homes in the city, indicating a premium feature.
2. Is the pool a major factor in maintenance cost and insurance?
Yes, an in-ground pool requires regular seasonal opening/closing, cleaning, and chemical maintenance, which adds to annual upkeep costs. It may also affect home insurance premiums due to liability considerations.
3. The home was built in 1975. What should I be aware of regarding its age?
While major systems may have been updated, a home of this age warrants a thorough inspection for its original roof, windows, plumbing, and electrical components to anticipate potential maintenance or upgrade needs.
4. The 2022 sale price was higher than the current assessed value. Why is that?
Assessed value is for municipal tax purposes and can lag behind market value. The 2022 sale price reflects what a buyer was willing to pay in the market at that specific time, influenced by factors like interest rates and buyer demand, which can differ from today's conditions.
5. Who would this home not be ideal for?
It may not suit first-time buyers or those seeking a low-maintenance, modern "lock-and-leave" lifestyle. The pool, large lot, and size of the home require a commitment to ongoing maintenance and upkeep.