Property Overview
649 Simpson Avenue is a 988 sqft bungalow built in 1957, situated on a notably generous 5,749 sqft lot in Winnipeg's Munroe East neighbourhood. Its appeal is rooted in a practical balance: it offers a manageable, single-level living space combined with a lot size that stands out as larger than most in its immediate area and across the neighbourhood. This presents a clear value proposition for the right buyer.
The home’s assessed value is modest relative to the city-wide average, and its living space is below the city norm, suggesting it is a more foundational property rather than a turn-key dream home. Its strongest suit is the land itself, which offers ample outdoor space and potential for expansion, gardening, or future development, subject to zoning. This property would best suit first-time buyers, practical downsizers, or value-oriented investors who are comfortable with a home of this vintage and see potential in the land or are simply seeking an affordable entry into the market with room to breathe outdoors.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The 5,749 sqft lot is a key feature. It ranks in the top 21% on its own street and the top 17% within the Munroe East area, meaning it is significantly larger than many neighbouring properties, offering more private outdoor space.
2. What should I know about the home’s age and condition?
Built in 1957, the home is older than most on its street and in the area. Prospective buyers should budget for a thorough inspection, as homes of this age may have original components (like plumbing, electrical, or the roof) that require updating or maintenance.
3. Why is the assessed value much lower than the city-wide average?
The city-wide average assessed value is skewed by newer, larger, or more luxurious homes in other areas. This home’s assessment is more in line with its immediate neighbourhood and reflects its smaller living area, age, and the market dynamics of Munroe East.
4. What does the recent sale history indicate?
The property sold between $250,000 and $300,000 in 2022. This recent transaction provides a concrete benchmark for its market value, showing it trades as an affordable, entry-level property in the Winnipeg context.
5. How can I get the exact historical sold price?
The exact sale price is not publicly posted online. You can request it directly via the email button on the listing page. The service provides the accurate figure manually and does not use your email for marketing spam.