Property Overview: 1019 Fleming Avenue, Winnipeg
Key Characteristics & Appeal
This 935 sqft bungalow, built in 1968, sits on a slightly larger-than-average 5,001 sqft lot in Munroe East. The home’s standout feature is its financial profile. With an assessed value of $36,100, it ranks in the elite top 2-4% of its immediate neighborhood and street—significantly higher than local averages. This suggests the property is viewed as a strong asset relative to its surroundings, potentially due to lot value, condition, or improvements. While the living space is modest and below the citywide average, the lot size offers valuable outdoor space and potential. Recent sale history shows substantial appreciation between 2020 and 2022.
Its appeal lies in this value proposition: a home with a robust assessed valuation in a mature neighborhood, offering a manageable footprint. It would suit pragmatic buyers, such as first-time homeowners looking for an entry point with a solid asset base, downsizers seeking a lower-maintenance property without sacrificing yard space, or investors focused on fundamental value metrics and lot potential in established areas.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessment ranks in the top 2% on its street and top 4% in Munroe East. This typically reflects factors like a larger lot, significant updates, or overall condition that the municipal assessor views as adding considerable value relative to immediate neighbors.
2. Is the house smaller than average?
Yes. At 935 sqft, the living area is below average for the city, the broader area, and even its own street. This indicates a compact, efficient layout rather than a spacious one.
3. What does the sale history tell us?
The home sold between $200k-$250k in 2020 and then between $350k-$400k in 2022. This indicates a period of significant market appreciation. For exact sold prices, you must request the information via email from the listing service.
4. How does the lot size compare?
At just over 5,000 sqft, the lot is above average for the street and typical for the Munroe East area. It is, however, smaller than the citywide average lot, which is closer to 6,500 sqft.
5. Is 1968 considered old for this area?
No. Built in 1968, this home is actually newer than most on its street and in the Munroe East area, where average build years are 1958-1960. It’s a relatively newer home in an older, established neighborhood.