Property Overview
730 Simpson Avenue is a modest, century-old home in Winnipeg's Munroe East neighbourhood. Its key characteristics are defined by how it compares to others. At 720 square feet, the living space is notably smaller than most homes on its street, in the area, and across the city. Built in 1923, it is significantly older than the typical area home. Its assessed value is very low compared to nearby properties, though it sits on a lot of roughly 4,942 square feet, which is close to the average for Munroe East.
The appeal here is fundamentally about potential and position, not turn-key convenience. It suits a specific buyer: someone looking for an extremely affordable entry point into the market, likely a renovator, investor, or someone seeking a minimal footprint. The low assessed value suggests a correspondingly low purchase price and property taxes. The lot size presents a relative strength, offering space that is in line with the neighbourhood. This isn't a home for those seeking modern finishes or ample room; it's a canvas. Its value lies in what could be, whether through renovation, expansion, or simply as a holding property in a mature neighbourhood.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is based on factors like size, age, condition, and recent sales of similar properties. This home's very small size and age place it in a different category than the average Winnipeg home, resulting in a lower assessment and consequently, lower property taxes.
2. What does the "rank" and "Top X%" information mean?
These metrics show how this property compares to others. For example, being in the "Top 98%" for living area on its street means 98% of homes are larger—it ranks 169th out of 172. It's a quick way to see that this home is consistently below average in size and value compared to its peers.
3. Is the lot size a positive feature?
Yes, relatively. While the house itself is small, the lot of nearly 5,000 sq. ft. is fairly typical for Munroe East. This is the property's most competitive metric and offers flexibility for gardening, outdoor space, or future expansion, subject to zoning.
4. Who would this property be a good fit for?
It best suits a hands-on buyer comfortable with a project. This could be a first-time buyer with renovation skills, an investor looking for a rental property with a low tax base, or someone seeking an affordable, minimalist living situation with land.
5. How can I find out the exact historical sale price?
The exact sold prices are not publicly displayed in detail. As noted on the listing, you can provide your email to request the precise sale history from the site administrators, who will provide it manually without using your email for marketing.