937 Moncton Avenue

Property Overview

This 1959-built, one-storey home on a 4,680 sqft lot in Munroe East offers a practical and spacious footprint. Its key appeal lies in its above-average living space of 1,334 sqft, which ranks in the top tier for its immediate street and neighbourhood, providing more room than many comparable properties. The detached garage and sizable lot are further functional advantages. The home suits first-time buyers or practical-minded owners looking for a solid, no-frills foundation in a mature neighbourhood—a property where value is measured in usable space and potential rather than high-end finishes. A thoughtful perspective is its notably low assessed value compared to similar-sized homes in Winnipeg, which could indicate an opportunity for equity growth through updates, but also warrants careful inspection to understand the full picture.

Frequently Asked Questions

1. Why is the assessed value relatively low?
While the home has ample living space, the assessed value of $24,700 is below the neighbourhood average. This can be influenced by factors like the home's age (67 years), its condition, and specific market adjustments. It's advisable to review recent sales of similar-sized homes in the area for a clearer market comparison.

2. What does the living area ranking mean?
The rankings show this home's living area is larger than 93% of homes on the same street and 96% in the Munroe East neighbourhood. This is a standout feature, indicating you get significantly more interior space here than in most nearby properties.

3. Is the lot size typical for the area?
At 4,680 sqft, the lot is a good size. It ranks in the top 36% on its street, meaning it's larger than many but not unusually so. It provides standard suburban space for yard use, gardening, or additions, subject to local bylaws.

4. What should I consider about the home's age?
Built in 1959, the home's systems (like plumbing, electrical, and the roof) may be original or nearing the end of their service life. A thorough inspection is crucial to understand the condition and plan for any necessary updates or maintenance.

5. How does this property compare to others nearby?
The "People also viewed" list shows nearby homes of similar age but often with less living space. This suggests this property is known for offering more square footage within a comparable price range, making it a notable option for buyers prioritizing space.