Property Summary: 737 Government Avenue, Winnipeg
Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1977, presents a compelling value proposition in Winnipeg's Munroe East neighbourhood. Its primary appeal lies in its strong position relative to immediate peers. The home boasts an "Elite" assessed value ranking on its own street (top 5%) and an above-average ranking in the broader area, suggesting it is perceived as a well-maintained or improved property compared to nearby homes, many of which are notably older. The living space is generous for the specific street, ranking in the top 17%.
The property would suit practical, value-conscious buyers. It's ideal for a first-time homeowner seeking a move-in-ready bungalow with a solid foundation in a stable neighbourhood, or an investor looking for a property with a strong assessed value basis relative to its surroundings. The 1977 build date is a less obvious advantage—it likely means modern wiring, plumbing, and insulation compared to the area's older housing stock, potentially reducing immediate renovation costs.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The home ranks in the top 5% on Government Avenue for assessed value. This typically indicates it has been well-maintained, updated, or has features that the municipal assessor views as adding significant value compared to its neighbours.
2. How does the 1977 build year affect the home?
Built nearly 50 years ago, this home is newer than most on the street and in the area. This can be an advantage, as it may incorporate more modern construction standards, materials, and floor plans than much older homes, potentially leading to lower maintenance costs in the near term.
3. What does the sold price history indicate?
The home sold between $350k-$400k in 2023, a price that ranked in the top 7% for the street at that time. This recent sale supports the current assessed value and indicates strong market recognition for the property's condition or features.
4. Is the lot size a pro or con?
At just under 5,000 sqft, the lot is average for both the street and the Munroe East area. It provides standard outdoor space but is smaller than the Winnipeg city-wide average. It suits buyers who prefer manageable yard maintenance.
5. How can I find out the exact historical sold price?
The exact sold price is not published in public records. You can request it directly via the provided email form. The service is manual, with a promised reply by the end of the same day, and your email will not be used for unsolicited marketing.