Property Overview: 869 Simpson Avenue, Winnipeg
Key Characteristics & Appeal
This 964 sqft bungalow, built in 1958, sits on a notably generous 5,745 sqft lot in Munroe East. Its core appeal lies in a balanced offering of space and value. The home itself is modest in size compared to the city average, positioning it as a manageable footprint for first-time buyers or downsizers. However, the lot size is a significant asset, ranking well above average for the immediate area, which presents opportunities for gardening, expansion, or simply enjoying more private outdoor space.
The property’s assessed value is below average for both the street and the city, suggesting a potentially accessible entry point into the market. Recent sale history indicates steady appreciation. This combination—a solid, mid-century home on a larger-than-typical lot for the neighbourhood, with a value-conscious assessment—makes it particularly suitable for practical buyers. It would suit a first-time homebuyer looking for a starter home with room to grow, an investor seeking a property with land value, or a downsizer wanting a single-level living without sacrificing yard space.
A less obvious perspective is its "middle-of-the-road" character in the local context. Its living area, year built, and value are consistently around the average for Munroe East, indicating a home that is typical and well-integrated into the established fabric of the neighbourhood, potentially offering stability and predictable costs.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 5,745 sqft lot is a standout feature. It ranks in the top 18% for land area within the Munroe East area, meaning it is significantly larger than many neighbouring properties.
2. Has the property’s value increased over time?
Based on available sales data, the home sold in the $200k-$250k range in 2016 and the $300k-$350k range in 2022, indicating a trend of appreciation over that six-year period.
3. Is the living space smaller than average?
At 964 sqft, the living area is slightly below the city-wide average but is very much in line with the typical home size in both the Munroe East area and on Simpson Avenue itself.
4. What is the significance of the assessed value being "below average"?
The assessed value of $29,300 is below the average for Simpson Avenue and Winnipeg overall. This is not an appraisal of market value but can influence property tax calculations. It often reflects the home’s more modest size and vintage relative to broader city comparisons.
5. How can I find out the exact historical sold prices?
The exact sold prices are not publicly displayed in detail. The listing service offers to provide the precise figures via email upon request, which they manually handle without using the contact for unsolicited marketing.