Property Overview: 817 Munroe Avenue, Winnipeg

Key Characteristics & Appeal

This home at 817 Munroe Avenue presents a compelling value proposition within its established Munroe East neighbourhood. Built in 1959, it is a notably newer property compared to many on its street, offering modern advantages in systems and structure. With 1,002 square feet of living space, it provides above-average roominess for the immediate area, making it a practical choice for small families, couples, or investors.

The standout feature is its assessed value of $34,200, which ranks in the top 6% on Munroe Avenue and the top 10% in the broader Munroe East area. This suggests a strong valuation foundation relative to local peers. The lot size of 4,698 sq. ft. is typical for the street, offering adequate outdoor space. A less obvious point of appeal is its context: while the home's size is below the city-wide average, its value ranking indicates you are acquiring a property that is highly competitive within its specific, sought-after micro-market. This home would suit a value-conscious buyer looking for a solid entry into a mature neighbourhood, or an investor attracted by its high relative assessment and recent sale activity (2024) in the $350k-$400k range.

Frequently Asked Questions

1. What does the high assessed value ranking actually mean?
It means that, compared to similar homes on Munroe Avenue and in the Munroe East area, this property has a higher official municipal assessment. This can indicate a favourable valuation for the location, but it's important to review recent sale prices and property taxes for the full financial picture.

2. Is a 1959-built home considered old?
In this specific context, no. The data shows the average build year on Munroe Avenue is 1949, making this home a decade newer than many of its direct neighbours. This can imply updates to foundational elements and potentially fewer immediate major repairs.

3. How does the living space compare practically?
At 1,002 sq. ft., it is above the street average (951 sq. ft.) and near the neighbourhood average. It offers more space than many nearby homes but is more compact than the typical Winnipeg house, aligning with efficient, manageable living.

4. The lot is noted as "below average" for the area. Should I be concerned?
The lot is average for Munroe Avenue but below the Munroe East average. This typically means a standard-sized city lot for the street itself, with slightly less depth or width than some larger plots in the wider postal area. It's unlikely to impact typical use but is worth verifying with a site visit.

5. How can I find out the exact past sale price?
The provided sale history shows a range. For the precise sold price, you can request it via email through the listing portal. The service manually provides this data without using your email for marketing spam.