Property Overview: 759 Fleming Avenue, Winnipeg
Key Characteristics & Appeal
This 1,042 sqft bungalow, built in 1958 on a 4,997 sqft lot in Munroe East, presents a solid, value-oriented opportunity. Its primary appeal lies in its strong standing within its immediate context. While the home size is typical for the area, its Assessed Value ranks in the top 6% on its street and top 9% in the neighbourhood, suggesting it may be a well-maintained or updated property compared to its closest peers. The lot size is also above average for the street.
The property suits first-time buyers or practical investors seeking a stable, no-surprises entry into the Winnipeg market. It’s a home that doesn’t stand out for sheer size or newness city-wide, but appears to be a leader on its own block—a sign of a potentially sound investment in a mature neighbourhood. The recent sale history shows a significant value increase between 2021 and 2022, indicating active market interest. A thoughtful perspective is that this home represents the "steady anchor" of a neighbourhood: not the largest or newest, but one that consistently upholds and may help lift local property standards.
Frequently Asked Questions
1. What does a high assessed value ranking mean for this home?
A high assessed value relative to immediate neighbours often indicates above-average condition, improvements, or desirability for the specific street. It suggests the property is likely a stronger performer in its micro-market, even if it's average in the wider city context.
2. How does the 2022 sale price compare to the current assessed value?
The home sold for an estimated $400k–$450k in 2022. The current assessed value is $34,300. In Manitoba, property assessments are not market valuations; they are used for calculating municipal taxes. The large numerical difference is not an indicator of current market value.
3. Is the lot size a significant feature?
At nearly 5,000 sqft, the lot is above average for Fleming Avenue. This offers more outdoor space than many neighbouring properties, providing room for gardening, expansion, or additions, which is a valuable asset in an established neighbourhood.
4. The home was built in 1958. What should I consider?
Homes of this era are common in Winnipeg. While systems like wiring and plumbing may be original or updated, the ranking data shows the home is slightly newer than many on its street. A thorough inspection is always recommended to understand the condition of the roof, foundation, and major components.
5. How can I get the exact historical sale prices?
The exact sold prices are not publicly displayed in Manitoba. The listing service offers to provide them manually via email upon request, with a commitment to reply by the end of the same business day without using your email for unsolicited marketing.