Property Overview: 1018 Simpson Avenue, Winnipeg
Key Characteristics & Appeal
This home on Simpson Avenue in Munroe East presents a solid, value-oriented opportunity. Built in 1967, it is a newer construction compared to many on its street and in the immediate area. Its key appeal lies in its efficient use of space and strong relative value within its neighbourhood. With 1,088 sqft of living area, it offers more interior space than the average home on Simpson Avenue and in Munroe East. The assessed value of $33,800 ranks in the top 10-11% for the local area, suggesting it is viewed as a higher-value property compared to its closest peers, which is a positive indicator for municipal taxation and investment.
The 5,000 sqft lot is typical for the area, providing standard outdoor space without being a standout feature. The home last sold between $300k-$350k in 2019. It suits practical buyers looking for a well-positioned property in a mature neighbourhood—someone who values being above the local average in terms of space and assessment without paying a city-wide premium. It’s a sensible choice for first-time homeowners or investors seeking a stable asset in a community where the property metrics consistently outperform direct neighbours.
Frequently Asked Questions
1. What does the high assessed value ranking mean for taxes?
While a high assessment relative to immediate neighbours can be a sign of good condition or desirability, it also typically means you will pay proportionally higher property taxes than lower-assessed homes on the same street. It’s a double-edged sword that indicates value but also a higher ongoing cost.
2. How significant is it that the home is newer than area averages?
A 1967 build date is notably newer than the 1960 average for the street and area. This can suggest updated infrastructure (like wiring or plumbing) compared to much older homes, potentially reducing immediate renovation needs. However, a 59-year-old home will still require a thorough inspection.
3. The city-wide averages for living area and assessed value seem very different. Why?
The data shows that while this home is spacious for Munroe East, it is just average compared to the entire city, where homes average 1,342 sqft. Conversely, the city-wide average assessed value figure shown ($390k) appears to be an outlier or error in the source data, as it doesn't align with the local figures. Rely on the street and neighbourhood comparisons for a more accurate picture.
4. Can I get the exact historical sale price?
The provided sale price is a range from public data. The listing service notes that exact sold prices are available upon direct request via email, which they provide manually.
5. What is the practical benefit of the "neighbourhood analysis page" mentioned?
This tool allows you to see this property on a map directly compared to nearby houses in terms of year built, size, and value. It’s useful for visualizing where this home fits in the community fabric—whether it’s an outlier or blends in—which can affect future value and appeal.