Property Overview: 701 Fleming Avenue, Winnipeg
Key Characteristics & Appeal
This home at 701 Fleming Avenue in Munroe East is a classic 1958 bungalow presenting a solid, no-fuss opportunity. Its primary appeal lies in its strong positioning within its immediate neighborhood. With 1,022 sqft of living space, the house is very typical for the area, offering comfortable, manageable proportions. The standout feature is the 5,046 sqft lot, which is larger than most on Fleming Avenue, providing above-average outdoor space for the street—a valuable asset for gardening, play, or future expansion.
The home’s assessed value is notably above average for both the street and the broader Munroe East area, suggesting it may have features, condition, or updates that are well-regarded relative to its peers. This isn't a sprawling property by city-wide standards, but it represents a competitively sized offering in a mature, established neighborhood. It would suit a first-time buyer looking for a character home with room to grow, or a downsizer seeking a manageable single-level layout on a generous lot. Its appeal is pragmatic: it offers the stability of a long-standing community without the premium of a newer subdivision, and its larger lot provides a tangible edge over direct neighbors.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home sold in the 2021-2022 period for an estimated $350k-$400k. Its current assessed value is $322,000. This difference is common and reflects market changes, assessment methodology, and the fact that assessed value is used for tax purposes, not to set market price.
2. Is the living space considered small?
At just over 1,000 sqft, it is slightly below the Winnipeg city average. However, it is perfectly aligned with the average for both Fleming Avenue and the Munroe East neighborhood, representing the typical size for a bungalow of its era in this community.
3. What does "above average" for the lot size on the street mean practically?
With a lot size ranking in the top 15% on Fleming Avenue, this property has roughly 100 more square feet of land than the street average. This could mean a deeper backyard, more side space, or a wider frontage, offering more privacy and potential than many homes directly around it.
4. The home was built in 1958. What should I be aware of?
Homes from this period often have solid construction but may require updates to major systems like plumbing, electrical, or insulation to meet modern efficiency standards. A thorough inspection is recommended to understand the condition of the roof, foundation, and any original components.
5. How can I find out the exact past sale price?
The provided sale data is a range from public records. As noted on the detail page, you can request the exact sale price by emailing the listing service. They provide this information manually and state they do not use email addresses for unsolicited marketing.