Property Overview: 664 Prince Rupert Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,016 sqft bungalow, built in 1956, presents a classic Munroe East home with one standout feature: its generous 6,256 sqft lot. This land size is exceptional for the area, ranking in the top 2% on its street and the top 7% in the neighbourhood, offering significant outdoor space that is increasingly rare.

The home’s primary appeal lies in its balance and potential. The living area is typical for the local market, providing comfortable, manageable space. Its assessed value is consistently above average for both the street and Munroe East, suggesting the property is well-regarded in its immediate context. The large lot is the key asset, opening possibilities for gardening, expansion, or future redevelopment, all within a mature, established community.

This property would suit a practical buyer who values space and sees long-term potential. It’s ideal for a first-time homeowner comfortable with a vintage home, someone seeking a substantial yard in the city, or an investor looking at the underlying land value. It’s less suited for those seeking a large, modern interior or a turn-key property without any projects.

Section 2: Frequently Asked Questions

1. How does the sold price history inform the current value?
The home sold between $350k-$400k in 2021. While not a direct valuation for today, it provides a crucial benchmark. Given the above-average assessed value for the area, a current market assessment would need to factor in both this history and recent market conditions.

2. What does the "Elite" ranking for land area practically mean?
Ranking in the top 2% on the street for lot size means you are getting one of the largest parcels on Prince Rupert Avenue. This translates to more privacy, space for sheds or play structures, and a notable difference in feel compared to neighbouring properties with standard-sized lots.

3. Is a 1956-built home a concern?
The year of build is typical for the area. The key consideration is not the age itself, but the condition and updates of major systems (roof, wiring, plumbing, windows) and whether they have been maintained or modernized over time. A thorough inspection is essential.

4. Why is the assessed value above average locally but only average city-wide?
This highlights how property values are hyper-local. The assessment reflects the home’s standing within its desirable Munroe East context. The city-wide average includes a vast mix of newer suburbs and higher-priced districts, so an "average" ranking there still aligns with a strong position in its own neighbourhood.

5. What can nearby property assessments tell me?
The listed nearby homes, like 698 Prince Rupert Ave. (similar size, higher assessment) and 663 Munroe Ave. (smaller, lower assessment), help define the value spectrum on the block. The wide range suggests varied property conditions and updates, underscoring the importance of viewing this specific home’s state of repair.