Property Overview: 763 Simpson Avenue, Winnipeg
Key Characteristics & Appeal
This home at 763 Simpson Avenue in Munroe East presents a compelling mix of space, value, and location. Its primary appeal lies in its generous living area of 1,290 sq ft, which ranks in the top 3% for size on its own street and the top 6% within the broader Munroe East area, offering more room than most comparable local homes. The lot size is also notably above average for the neighbourhood, providing ample outdoor space. While the home was built in 1957, its assessed value remains competitive and above average for the immediate area. The property last sold in the $350k-$400k range in 2024.
This home would suit practical buyers looking for a spacious interior and yard in a well-established neighbourhood without a premium price tag. It’s ideal for those who value functional space over a modern build date and see potential in a solid, older home. A thoughtful perspective is that its above-average size but average city-wide assessment could represent a relative value opportunity within its community, especially for buyers prioritizing square footage.
Frequently Asked Questions
1. How does the home’s age affect its value and condition?
Built in 1957, the home is older than many on its street. This is reflected in its assessment, but the recent sale price suggests the market values its larger living area and lot. Buyers should budget for potential updates consistent with a home of this era.
2. Is the assessed value a reliable indicator of the market price?
The assessed value is for taxation purposes. The 2024 sale price of $350k-$400k is a more current market indicator. The assessment being above average for the area but average city-wide highlights the property’s strong standing in its immediate locale.
3. What does the "top 3%" living area ranking actually mean?
It means that among 172 comparable homes on Simpson Avenue, only 5 are larger. In Munroe East, it’s larger than 94% of similar homes. This is the property’s most standout feature.
4. How can I find out the exact past sale price?
The exact sold price is not public. The listing service offers to provide it manually via email upon request, with a commitment to reply by the end of the same day without using your email for marketing.
5. What are the benefits of the larger-than-average lot?
At 5,745 sq ft, the lot is larger than most in Munroe East. This allows for more privacy, gardening space, outdoor recreation, and potential for additions like a shed or deck, which can be rare in established neighbourhoods.