Property Overview: 440 Monreith Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 440 Monreith Street in the Robertson neighborhood is a practical, post-war bungalow built in 1947. With 894 square feet of living space and a 4,000 sqft lot, its size is typical for its immediate street and area but sits below the Winnipeg city average. Its most defining characteristic is its assessed value of $183k, which is notably below average for the street, neighborhood, and city, suggesting a potentially more accessible entry point into the market.

The primary appeal lies in its value proposition. It represents an opportunity for budget-conscious buyers, such as first-time homeowners or investors, to secure a home in an established area without the premium price tag of larger or more recently built properties. It suits a buyer comfortable with a home that may require updates or who prioritizes financial flexibility over square footage. A less obvious perspective is that a lower assessment can sometimes correlate with lower property taxes, which is a meaningful long-term saving. The home’s size and lot are consistent with its neighbors, offering a sense of fit within a community of similar homes, rather than standing out as an outlier.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the neighborhood average?
While the exact reasons aren't specified, a below-average assessment for a home of typical size and age on its street often relates to the home's specific condition, layout, or features compared to peers. It may indicate a property that could benefit from modernization.

2. How recent is the sale history, and what did it sell for?
The most recent recorded sale was in September 2020, with a sold price in the range of $150,000 to $200,000. Exact sale prices require a manual lookup from the provider due to data display rules.

3. Is the living space sufficient for a small family?
At 894 sqft, the living area is comparable to many homes on the street. It would likely suit a small family or couple comfortably, but those needing more room may find it compact compared to the citywide average of over 1,300 sqft.

4. What does the "Top 95%" ranking for assessed value mean?
This statistic means the home’s assessed value is higher than only 5% of comparable homes on its street. In other words, 95% of homes on Monreith Street have a higher assessed value, highlighting its position as one of the most affordable properties on the block.

5. Are sold prices from this site as reliable as MLS data?
The site states its sold price data is from public sources, not the MLS, and has had limited verification. For fully verified figures and a complete transaction history, they recommend contacting them directly for a manual lookup.