Property Overview
This home at 713 Government Avenue in Winnipeg's Munroe East neighbourhood presents a compelling blend of established character and relative value. Built in 1956, it sits on a generous, nearly 5,000 sqft lot and offers 1,024 sqft of living space. The data reveals its primary appeal: it consistently ranks above average for its assessed value and living area within its immediate street and neighbourhood context. This suggests a property that offers more space and perceived value than many of its closest peers. While its size is below the city-wide average, its strength lies in being a larger, well-valued home for the specific area. It would suit a first-time buyer or an investor looking for a solid entry into a mature neighbourhood without a premium price tag, or someone who values a larger lot over a massive interior footprint. A thoughtful perspective is that this home represents the "best-in-class" for its local market segment—it’s not the newest or largest in the city, but it stands out positively among its direct competitors.
Frequently Asked Questions
1. What does the assessed value ranking actually mean?
The home's assessed value ($31,800) is in the top 14% on its street and top 27% in Munroe East, meaning it is valued higher than most comparable nearby homes. This often indicates a property in better condition, with more features, or on a more desirable lot relative to its neighbours.
2. Is the living space sufficient for a family?
At 1,024 sqft, the home is above the average size for both its street and neighbourhood, but below the Winnipeg city average. It would be a comfortable fit for a small family, a couple, or a single buyer, particularly for those who prioritize outdoor space, as the lot is well above average for the area.
3. How does the year built (1956) affect the property?
The age places it around the middle of the pack for its street but older than many homes in the broader Munroe East area. Buyers should budget for updates consistent with a home of this era, but it also comes with the established streetscape and mature landscaping of a long-standing neighbourhood.
4. Why is there such a big difference between the local and city-wide assessed value averages?
The city-wide average assessed value shown (~$390k) is skewed by including all property types and vastly different markets across Winnipeg. The more relevant comparisons are the local averages ($27k-$29k), which show this home is valued above its true peers.
5. How reliable are the past sold price ranges shown?
The sold price ranges (e.g., CA$250k–300k) are estimates based on public data. To get the exact historical sale prices, you must request them via the provided email service, as this information is not fully disclosed in public records.