Property Overview: 740 Government Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 930 sqft bungalow, built in 1962, presents a practical opportunity in Winnipeg's Munroe East neighbourhood. Its key appeal lies in its relative modernity compared to other homes on its street, as it is newer than most in its immediate area. The home sits on a modest, manageable lot just under 4,000 sqft.
The property’s assessed value is consistently around the average for its local area, suggesting it is priced in line with neighbourhood norms without significant premium or distress. This creates a straightforward entry point into the housing market. The home would best suit first-time buyers or downsizers seeking a no-fuss, single-level living space in an established community. Its below-average living area city-wide indicates a more compact layout, appealing to those looking for lower maintenance and utility costs without the need for extensive space. A thoughtful perspective is that while the lot is smaller than many, it offers enough yard for gardening or relaxation without demanding excessive upkeep, which can be a hidden benefit for busy owners.
Section 2: Frequently Asked Questions
1. How does this home's age compare to others nearby?
Built in 1962, this home is notably newer than most on its street, ranking in the top 11% for year built on Government Avenue. This could suggest updates over time or potentially fewer immediate concerns associated with much older construction.
2. Is the assessed value typical for the area?
Yes. The assessed value of $28,700 is very close to the average for both Government Avenue and the broader Munroe East area, indicating it is not an outlier and is assessed in line with local market conditions.
3. What should I know about the property size?
The living space (930 sqft) is slightly below the average for the immediate street and more compact compared to the city-wide average. The lot size (3,996 sqft) is also below average for the area, resulting in a lower-maintenance yard.
4. What is the recent sales history?
Public records indicate a sale between 2016 and 2025 in the $200,000-$250,000 range. For the exact sale price and date, you can request the information directly via the provided email service.
5. How does this property rank city-wide?
City-wide, this home ranks in the top tiers for being more compact (top 81% for smaller living area) and having a lower assessed value (top 74%), positioning it as an affordable, manageable option within the broader Winnipeg market.