Property Overview: 744 Simpson Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, well-established home in Munroe East, built in 1957. With 862 square feet of living space on a 4,942 sqft lot, it is a compact property that sits below the average size for its immediate street and neighborhood. Its assessed value of $31,200 is consistent with the averages for the area, indicating it is priced appropriately within its market context.
The primary appeal lies in its position as an affordable, low-barrier entry point into the Winnipeg housing market. It represents a practical opportunity for buyers who prioritize location and lot ownership over square footage. The home last sold between $250k-$300k in 2019, suggesting a history as a value-driven purchase.
This property would best suit first-time buyers, downsizers, or practical investors looking for a straightforward, manageable asset. Its smaller scale means lower maintenance costs and utility bills, which can be a significant long-term advantage. A thoughtful perspective is that a home of this vintage and size on a decent lot offers a clear canvas; its value growth may be more tied to the land and the potential for future updates rather than its current structure.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($31,200) is for municipal tax purposes. The market value (what a buyer would pay) is significantly higher, as indicated by the 2019 sale price range of $250,000-$300,000.
2. How does the living area compare to nearby homes?
At 862 sqft, the living area is smaller than most comparable homes on its street, in Munroe East, and across Winnipeg. This is a compact home, which is reflected in its pricing and target buyer.
3. What can the 2019 sale price tell me?
It provides a historical benchmark, showing the home was in the affordable range several years ago. For a current market valuation, a comparative market analysis with recent sales is essential, as prices have likely changed since 2019.
4. The lot size seems average for the area. Is that an advantage?
Yes. While the house itself is smaller, the lot of nearly 5,000 sqft is in line with the neighborhood average. This provides a good outdoor space and maintains the property's proportional footprint on the street, which is positive for future value.
5. How do I find out the exact historical sold prices?
The exact sold prices are not published in the public record. You can request this information by emailing the source of this data, as noted on the detail page. They provide this as a manual service.