Property Overview: 650 Fleming Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,044 sqft bungalow, built in 1958, presents a practical opportunity in Winnipeg's Munroe East neighbourhood. Its core appeal lies in its efficient, average-sized living space situated on a modest, well-utilized lot. The home's assessed value is notably below average for its immediate street and the wider city, which can signal an accessible entry point into the market or potential for value appreciation.
The property suits first-time homebuyers or practical investors looking for a straightforward, no-frills home in a stable, established area. Its smaller lot size relative to neighbours means less yard maintenance, which could be a benefit for those seeking a simpler upkeep routine. A thoughtful perspective is that while the home ranks below average in lot size, this often correlates with a more neighbourly, compact street feel and can contribute to a lower property tax base. Recent sale history suggests steady market interest, making it a candidate for buyers focused on fundamentals rather than premium features.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. A lower assessment compared to the street and city averages often indicates a more affordable entry point. It’s essential to view this in the context of the home’s condition, updates, and recent sale prices to understand the full picture.
2. What does the smaller land area mean for me?
At 4,097 sqft, the lot is smaller than most on the street. This typically translates to less outdoor maintenance and gardening. For those not seeking extensive yard space, this can be a practical advantage rather than a drawback.
3. How does the home's size compare for the area?
With 1,044 sqft of living area, this home is very close to the average size for both Munroe East and its specific street. It offers a standard amount of space typical for the neighbourhood’s bungalows.
4. The home was built in 1958. What should I consider?
As a home from the late 1950s, prospective buyers should pay close attention to the condition and age of major systems like plumbing, electrical, and the roof. A well-maintained home of this era can offer solid construction, but an inspection is key.
5. Where can I see more context about this specific location?
You can open the neighbourhood analysis page to view this property on a map alongside nearby houses, comparing details like year built, living area, and lot size for a clearer understanding of its immediate context.