Property Overview: 718 Government Avenue, Winnipeg
Key Characteristics & Appeal
This 1,015 sqft bungalow, built in 1958, sits on a just-under 5,000 sqft lot in the Munroe East neighbourhood. Its core appeal lies in its strong position within its immediate community. While its living space is modest compared to the citywide average, it is notably spacious for its street and area. The standout characteristic is its assessed value ($33,800), which ranks in the top 11% for Munroe East and the top 8% on Government Avenue itself, suggesting it is viewed as a well-maintained or improved property relative to its peers.
The home suits practical, value-conscious buyers. It’s ideal for a first-time homeowner seeking a solid entry point in a stable neighbourhood, or an investor looking for a property with a strong assessment foundation. The generous lot offers typical appeal for future expansion or outdoor space, but a thoughtful perspective is that its above-average assessment, while a positive, also sets a higher baseline for property taxes compared to neighbouring homes. This isn’t just a standard 1950s bungalow; the data indicates it’s a standout version on its block.
Frequently Asked Questions
1. What does the "above average" assessed value actually mean?
It means the municipal property assessment for this home is higher than most comparable homes on its street and in Munroe East. This can reflect updates, condition, or desirable features, but it also results in a proportionally higher property tax bill than if it were assessed at the area average.
2. How does the living area compare to nearby homes?
At 1,015 sqft, it offers more living space than the average home on Government Avenue (~958 sqft) and is slightly above the Munroe East average. It is, however, notably smaller than the Winnipeg citywide average for homes, indicating its efficient, traditional layout.
3. What is the recent sales history?
The home sold between $400,000 and $450,000 in 2022. Exact sale prices are not publicly listed but can be requested directly from the site via email.
4. Is the lot size typical for the area?
Yes. At 4,995 sqft, the lot is very close to the average for both Government Avenue and the wider Munroe East area, offering standard suburban space for a home of this era.
5. How does the year built compare?
Built in 1958, it is newer than many homes on its street (where the average build year is 1949) but is generally aligned with the age of housing stock in both Munroe East and across Winnipeg. Buyers should anticipate maintenance and updates consistent with a home of this vintage.