Property Overview & Key Characteristics

This 812 sqft bungalow, built in 1975, presents a unique profile defined by its contrasts. Its most striking feature is its exceptionally low municipal assessed value of $23,800, which ranks in the top 4% (2nd lowest) on its own street. This suggests very low annual property taxes, a significant and ongoing cost savings for an owner. The home sits on a modest, in-line lot of 2,812 sqft, which is typical for the immediate street but smaller than most in the wider Munroe East area and Winnipeg overall.

The appeal here is largely practical and financial. It’s a property for a buyer whose priority is minimizing carrying costs and entering the market with a low barrier. The recent sale history indicates steady value appreciation. It would suit a first-time buyer, an investor looking for a rental with low tax overhead, or someone seeking a minimalist, low-maintenance footprint. A less obvious perspective is that its "below average" size and assessments, compared to city-wide averages, actually represent an affordable entry point into a stable neighbourhood, offering a lifestyle unburdened by the upkeep and expense of a larger property.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Municipal assessments are based on a mass appraisal system considering factors like home size, age, condition, and lot dimensions. This home’s smaller size and modest lot contribute to its low assessed value, which directly results in lower property taxes.

2. How has the property’s value changed over time?
Based on available sales data, the home sold in the $150k-$200k range in 2017 and in the $200k-$250k range in 2022, indicating a trend of increasing market value over that five-year period.

3. Is the living space smaller than other homes in the area?
Yes. At 812 sqft, the living area is below the average for comparable homes on Girdwood Crescent (1,083 sqft), in the Munroe East area (1,009 sqft), and across Winnipeg (1,342 sqft). This confirms the home’s compact and efficient layout.

4. What does the "Elite" ranking for Year Built mean?
On its street, it’s ranked 1st of 47 homes for being the newest (built in 1975), meaning it is the most recently built home in that comparison group. This is a relative measure on its specific street, which consists of older homes.

5. How can I find out the exact historical sold prices?
The provider offers a manual service to share the exact sold price figures. You can submit your email address via the button on the listing, and they aim to reply with the accurate data by the end of the same day, without using your email for marketing.