Property Overview & Key Characteristics
This home at 1071 Simpson Avenue in Winnipeg's Munroe East neighbourhood presents a compelling case based on its comparative data. Built in 1967, it sits on a generous 5,714 sqft lot, which is notably larger than many in the immediate area. With 1,120 sqft of living space, it offers more room than most comparable homes on its street and in Munroe East. Its assessed value is consistently above average for its local context, suggesting it is a well-regarded property within its peer group.
The appeal lies in its strong local standing. It's not necessarily a city-wide standout, but within its own community, it ranks well for size, value, and lot. This indicates a property that likely offers good space and perceived value relative to its immediate neighbours. It would suit practical buyers looking for a established home in a mature neighbourhood, who prioritize a larger yard and more interior space than is typical for the area, without venturing into a premium city-wide price bracket. A thoughtful perspective is that its above-average metrics for the street suggest it could be a relatively stable and desirable holding within its specific micro-market.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it consistently outperforms local averages. It has more living space and a higher assessed value than most homes on Simpson Avenue and in the wider Munroe East area, and the lot size is particularly generous for the neighbourhood.
2. What does the sold price range from 2024 indicate?
The home sold for an estimated $300k-$350k in 2024, which placed it in the top 11% of sales on its street at that time. This recent sale supports the picture of it being a above-average property in its local context.
3. Is the assessed value the same as the market value?
No. The assessed value ($32,700) is for municipal tax purposes. The recent sold price is a far better indicator of current market value. The fact that both the assessed value and the sold price rank highly locally suggests the property is consistently valued above its peers.
4. What are the implications of the home being built in 1967?
While not a new build, it is newer than the average home on its street and in line with the city-wide average. Buyers should budget for maintenance and updates typical of a home of this age, but it isn't among the oldest in the area.
5. How can I verify the exact past sold price?
The provider offers a manual service to email the exact sold price history upon request, as only ranges are published on the public site. This is a straightforward process without marketing obligations.