Property Overview
This 1974 bi-level home at 35 Monarch Mews presents a solid, well-established family property in Winnipeg's Vialoux area. Its key appeal lies in its generous, mature 8,808 sqft lot—a significant asset that offers ample outdoor space and ranks in the top half of the neighborhood for size. The home itself features 1,232 sqft of living space with a finished basement and an attached garage. Market data indicates its assessed value places it in the top 18% of Winnipeg, suggesting a property that has held its worth well.
It would particularly suit buyers looking for a long-term family home where the land itself is a primary draw, offering room for gardening, play, or future expansion. The bi-level layout provides clear separation between living and sleeping areas, appealing to those who prefer defined spaces. A buyer comfortable with a home from the 1970s, who values a quiet, established street over brand-new finishes, will find the most potential here. A thoughtful perspective is that while the interior living space is modest for the area, the exceptional lot size offers a balance of affordability and future opportunity that newer subdivisions often lack.
Frequently Asked Questions
1. How does the home’s value compare to the area?
The property's assessment is notably strong, ranking higher than 82% of Winnipeg homes. This suggests it is considered a above-average value property within the broader market, though it sits in the middle range for its immediate community and street.
2. Is the lot size a significant advantage?
Yes. At nearly 9,000 sqft, the lot is larger than 50% of properties on its street and in Vialoux. This provides valuable outdoor space and is a less common find in many established neighborhoods, offering more privacy and potential than a standard lot.
3. What should I know about a 1974 bi-level?
Homes from this era often have solid construction but may require updates to major systems like roofing, windows, or the furnace due to age. The bi-level design typically means entry onto a main living floor, with stairs leading both up to bedrooms and down to a lower-level family space and utilities.
4. The last sale was in 2016 for $375,000; what does that mean today?
The 2016 sale price provides historical context, showing the property's market trajectory. The current assessment near $500,000 reflects market appreciation over eight years. It’s a useful data point for understanding the owner's equity position, but offers little direct insight into the current listing price or negotiation.
5. The living space ranks lower than the lot size; is the house too small?
The 1,232 sqft of living space is below the neighborhood median. This indicates the home itself may feel cozy for some, but it's a trade-off for the larger lot. It suits those who prioritize outdoor space over expansive interior square footage, or who are open to a future addition.