Property Overview

359 Bronx Avenue is a compact, post-war home in Winnipeg's Munroe West neighbourhood. Built in 1947, it sits on a 3,511 sqft lot and offers 602 sqft of living space, with a current assessed value of $263,000. The data positions this home as notably smaller than most comparable properties in its immediate area, on its street, and across the city. Its value, however, is more aligned with the local Munroe West average. This creates a distinct profile: a lower-priced entry point into the neighbourhood, primarily due to its modest size, rather than its location or land value.

Key Characteristics & Appeal

The primary characteristic of this property is its efficiency. It represents one of the smallest homes on its street and in the wider area, which is directly reflected in its below-average assessed value for Winnipeg. Its appeal lies in its affordability and practicality. It suits first-time buyers or investors seeking a lower-cost entry into the established Munroe West area, where average home values and sizes are typically higher. It could also appeal to those looking to downsize into a manageable property without leaving the neighbourhood.

A less obvious perspective is its potential as a strategic land purchase. While the lot is smaller than area averages, it remains a good size for the home's footprint. For the right buyer, this represents an opportunity where the value may be more tied to the land in the long term, with the existing structure covering holding costs. The fact that its assessed value is "around average" for Munroe West specifically suggests the location is carrying significant weight, making the price per square foot of the building high, but the price for the land and location potentially competitive.

Frequently Asked Questions

1. Why is the living area so much smaller than nearby homes?
At 602 sqft, this is a compact, likely one-bedroom or bachelor-style home. It was built in 1947 and is among the smallest in its direct comparison groups, which explains its ranking in the bottom percentiles for size.

2. How does the assessed value compare to recent sale prices?
The home last sold between $200,000-$250,000 in February 2018. Its current assessed value of $263,000 is above that last known sale price but sits close to the average for the Munroe West area ($273.5k), indicating assessment growth aligned with the neighbourhood.

3. What does the "rank" and "top" percentage data mean?
These figures show how this property compares to similar homes in three groups: its street, the Munroe West area, and city-wide. For example, a "Top 100%" rank for living area means it is the smallest (ranks 160 out of 160) on its street. A "Top 63%" rank for value in Munroe West means its assessed value is higher than about 63% of comparable area homes.

4. Is the lot size a limitation?
At 3,511 sqft, the lot is below the average for the street and area. It provides standard yard space for a home of this size but may offer less room for expansion or large additions compared to neighbouring properties.

5. How can I get the exact historical sale price?
The site provides sold price ranges for non-members. To receive the exact sale price and full transaction history, you must request a manual lookup by email through the "Request exact figures by email" option on the property page.