Property Overview: 938 Fleming Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 938 Fleming Avenue in Munroe East is a practical, post-war bungalow built in 1958. With 912 sqft of living space and a nearly 5,000 sqft lot, its size is modest and slightly below average for the immediate area, but typical for its era. The assessed value of $296k is very much in line with the neighbourhood average, presenting a value-oriented entry point into the Winnipeg market.
The primary appeal lies in its positioning as a straightforward, lower-maintenance property on a good-sized lot. It suits first-time buyers seeking affordability and a manageable footprint, or investors looking for a stable rental property in an established neighbourhood. A thoughtful perspective is that while the home itself is compact, the lot offers valuable future potential for expansion or landscaping, which is a significant asset not immediately reflected in the living area figures. Its recent sale in mid-2024 within the $300k-$350k range confirms its market position as an accessible, no-fuss property in a community of similar homes.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 912 sqft, the living area is slightly below the average for both Fleming Avenue and the wider Munroe East area, where comparable homes average just over 1,000 sqft. This indicates a cozier, more efficient layout.
2. Is the assessed value a good indicator of the market price?
The assessed value of $296k is around the neighbourhood average. The home sold in July 2024 for between $300,000 and $350,000, suggesting the assessment is a reasonably accurate baseline, with the final sale price likely influenced by market conditions and the home’s specific condition.
3. What does the "above average" year built ranking mean?
Built in 1958, this home is actually older than many on its street, ranking in the top 29%. This indicates that several neighbouring homes were built even earlier, placing this property in a somewhat more mature section of the community.
4. What are the potential downsides of a home this age?
As a 68-year-old home, prospective buyers should budget for potential updates to major aging components like the roof, plumbing, electrical, and windows. A thorough inspection is essential.
5. Where can I get the exact historical sold price data?
The provided data is based on public records. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as they do not display MLS sold records.