792 Government Avenue

Property Overview: 792 Government Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 792 Government Avenue in Munroe East stands out for its modern foundation and efficient use of space. Built in 2012, it is a notably newer construction compared to most homes on its street and in the broader area, which typically date from the mid-20th century. This suggests potentially lower maintenance costs and modern building standards. With 1,190 sqft of living area, it offers more interior space than most comparable homes in the immediate neighbourhood, while situated on a solid, nearly 5,000 sqft lot.

The primary appeal lies in its exceptional value proposition within its local context. The assessed value is in the top 1-2% for Government Avenue and Munroe East, indicating it is considered a high-value asset relative to its direct peers. However, its city-wide assessment is around average, presenting an interesting dynamic: it's a premium property on its own terms locally, but may be accessed at a different value point compared to the wider Winnipeg market. The home last sold between $350k-$400k in 2021.

This property would suit practical buyers looking for a modern, move-in-ready home without the premium often attached to brand-new builds. It’s ideal for someone who values being above average in their immediate community—in terms of space, age, and lot size—while possibly finding a relative value compared to newer subdivisions. It could also appeal to an investor or homeowner looking for a property with a strong assessed value foundation in a mature neighbourhood.

Section 2: Frequently Asked Questions

1. Why is the assessed value so high for the street, yet average for the city?
This highlights the variation between neighbourhoods. The home’s modern build year and larger living area make it elite compared to its older, often smaller neighbours on Government Avenue. City-wide, these features are more common, placing it in a middle tier.

2. What does the 2012 build year mean for me?
A 14-year-old home typically means more contemporary wiring, plumbing, insulation, and building codes than the century-old or mid-century homes common in the area. It likely balances modern efficiency with established neighbourhood character.

3. How does the lot size compare?
At 4,996 sqft, the lot is above average for the street and typical for Munroe East. It provides decent outdoor space but is smaller than the city-wide average, which includes newer suburbs with larger lots.

4. The last sold price is a range. How can I get the exact figure?
Exact sold prices are not publicly available in Manitoba. The listing service provides these estimated ranges based on public data. You can request the precise historical sold price by emailing the site; they provide it manually as a service.

5. What’s the significance of the "neighbourhood analysis page" mentioned?
This tool allows you to see this property on a map alongside nearby homes, visually comparing key metrics like year built, size, and value. It helps you understand the property’s context beyond the statistics.