Property Overview: 816 Simpson Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, well-situated single-family home in Munroe East. Built in 1959, its 912 sqft living space is compact, ranking below average for size both on its street and in the wider area. However, its assessed value consistently ranks in the top 15% locally, suggesting the property is viewed favorably by assessors relative to its immediate peers. The lot is a standard city size at just under 5,000 sqft.
The primary appeal lies in its position as a value-conscious entry point into the neighbourhood. It represents an opportunity for buyers seeking lower property taxes relative to assessed value and a manageable scale. It would suit first-time homeowners, downsizers looking for a low-maintenance footprint, or investors seeking a straightforward rental property. A less obvious perspective is that a smaller, efficiently designed home on a standard lot can offer greater affordability for renovations or additions compared to a larger, maxed-out property, providing future potential.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home sold in the $300k-$350k range in 2022, which was a top third sale for the area at that time. Its current assessed value of $33.4k (a figure used for tax calculation) ranks even higher locally, indicating municipal assessment sees solid value here.
2. Is the living space too small?
At 912 sqft, it is notably smaller than the average home in Winnipeg (~1,342 sqft). It’s best suited for individuals, couples, or small families comfortable with efficient living spaces, prioritizing location and lot over interior square footage.
3. What does the older year of build (1959) mean for me?
While the home’s age is around the neighbourhood average, it does mean potential buyers should budget for updates to major aging components like roofing, windows, and mechanical systems. A thorough inspection is essential.
4. How does the lot size compare?
The 4,943 sqft lot is very typical for Munroe East and is actually slightly larger than the city-wide average lot for comparable homes. It provides standard outdoor space for a garden, patio, or play area without being overly burdensome to maintain.
5. Why is there a range for past sold prices instead of the exact figure?
Exact sale prices in Manitoba are not publicly disclosed. The ranges provided are based on publicly available market data. You can request the precise historical sold price by emailing the site; they provide this verified data manually as a service.