Property Overview: 680 Fleming Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 680 Fleming Avenue in Munroe East presents a compelling blend of space, value, and established neighbourhood character. Built in 1957, it offers 1,062 sqft of living area on a nearly 5,000 sqft lot. The standout feature is its assessed value of $35.70k, which places it in the elite top 3-5% for its immediate street and neighbourhood, suggesting it is a highly efficient property from a tax perspective relative to its size and community.
Its appeal lies in offering above-average interior space for the Munroe East area (ranking in the top 27%) combined with a below-average property tax burden. This creates a value proposition that is somewhat unique: you get more house than typical for the area without a proportionally higher tax cost. The recent 2024 sale in the $400k-$450k range indicates strong market recognition of this balance.
This property would suit value-conscious buyers seeking a practical, no-fuss home in a mature neighbourhood. It’s ideal for first-time homeowners looking to maximize their space per dollar or for long-term residents who prioritize keeping annual carrying costs low. It may also attract investors familiar with the area who recognize the advantage of a high assessment rank for rental profitability.
Section 2: Frequently Asked Questions
1. What does the "Elite" assessed value ranking actually mean for me?
It means this home's city-assessed value for tax purposes is among the very lowest compared to similar homes on its street and in Munroe East. This typically translates to lower annual property taxes than you might expect for a home of its size in this location.
2. The home sold recently in 2024. Why is it back on the market?
While the specific reason isn't provided here, short-term resales can occur for many personal reasons unrelated to the property itself, such as job relocation, change in family circumstances, or a shift in investment strategy. A review of the exact sale history and current listing details is recommended.
3. How does the living space compare to a typical Winnipeg home?
At 1,062 sqft, it is slightly above average for its specific neighbourhood but somewhat smaller than the Winnipeg city-wide average of about 1,342 sqft. This highlights its positioning as a spacious home within its own community context.
4. Is a 1957-built home a concern for maintenance?
The year built is around the neighbourhood average. While it means some systems may be due for updates, it also indicates the home is part of a stable, established area where many houses are of a similar vintage. A thorough inspection is always advised to understand the condition of the roof, wiring, plumbing, and foundation.
5. The lot is under 5,000 sqft. Is that a good size?
The lot is very typical for Munroe East, ranking right around the area average. It provides a standard-sized yard for the neighbourhood—sufficient for outdoor space and gardening without the high maintenance of a much larger lot. It is, however, smaller than the city-wide average lot size.