Property Overview: 689 Prince Rupert Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 1965 bungalow in Munroe East presents a solid, value-oriented opportunity. Its key appeal lies in a desirable combination of above-average lot size and assessed value within its immediate area, suggesting a property that stands out on its own street. With 950 sqft of living space, the home is functionally sized for smaller households, while its 5,195 sqft lot offers valuable outdoor space and potential relative to nearby properties.

The data indicates a property that is well-regarded in its hyper-local context. It holds a newer build year and a larger lot than most on Prince Rupert Avenue, and its assessed value ranks in the top 15% for the street. This points to a home that may have been updated or better maintained than many of its neighbours. However, it’s notably compact compared to the Winnipeg city-wide average for living space, emphasizing its role as a practical, lower-maintenance option rather than a sprawling family home.

This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a foothold in a stable neighbourhood. It’s for those who prioritize lot size and local value over sheer interior square footage, and who see potential in a home that already appears to be a strong performer on its block. The appeal is grounded in practicality and the opportunity to own a property that metrics suggest is a relative standout on its street.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to the likely selling price?
The assessed value of $340k is a municipal figure for tax purposes. While it ranks highly for the street, the actual market price will be influenced by current conditions, the home's interior condition, and recent sale prices in the area, such as the home's last sale between $250k-$300k in 2016.

2. Is the 950 sqft living area a concern?
It depends on your needs. The living area is slightly below the average for both the street and the Munroe East area, and is notably smaller than the Winnipeg city average. This makes the home efficient and easier to maintain, but may require creative use of space for some buyers.

3. What does the above-average lot size mean for me?
At 5,195 sqft, the lot is larger than most on Prince Rupert Avenue. This is a significant advantage, offering more privacy, yard space for gardening or recreation, and potentially more flexibility for future additions or landscaping projects compared to neighbouring properties.

4. The home was built in 1965. What should I expect?
A build year of 1965 is newer than many on the street. While this may suggest somewhat newer core systems (like plumbing and electrical) than a true mid-century home, a thorough inspection is still essential to understand the condition of the roof, foundation, windows, and any major components that are now 60 years old.

5. How can I get the exact historical sale prices?
The provided sale history shows estimated ranges. To obtain the precise sale price from its last transaction in 2016, you must request it directly via the email link on the listing page. The service is manual, with a promise of a reply by the end of the same business day.