Property Summary: 886 Simpson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 918 sqft bungalow, built in 1958, presents a practical opportunity in Winnipeg's Munroe East neighbourhood. Its primary appeal lies in a value proposition that stands out within its immediate area. While the living space is modest compared to many city homes, its assessed value ranks notably high against direct neighbours—placing in the top 19% on its own street. This suggests the property is perceived as holding good value for its specific location.
The 4,900 sqft lot is typical for the area, offering adequate outdoor space without extensive maintenance demands. The home’s recent sale history indicates steady market activity. It would suit a first-time buyer or an investor looking for a straightforward, entry-level property in an established neighbourhood. A thoughtful perspective for a buyer is to consider the balance between the smaller interior footprint and the strong relative assessment: it may indicate a well-maintained home or desirable lot placement on the block, but it also calls for a realistic assessment of space needs versus location value.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market price?
The assessed value is for municipal tax purposes and is not a direct indicator of market value. However, its high ranking on the street suggests the property is in relatively good standing compared to its immediate neighbours.
2. Is the living area sufficient for a small family?
At 918 sqft, the home is below the city-wide average. It would be most comfortable for individuals, couples, or a very small family, emphasizing efficient use of space.
3. What does the lot size allow for?
The 4,900 sqft lot is fairly standard for the area. It provides room for a yard, garden, and parking, but may have limitations for large additions or extensive outdoor structures, depending on zoning.
4. The home sold in 2021 and 2017. What does that indicate?
Frequent sales can be typical for starter homes. It suggests a property that serves as a stepping stone in the market. Reviewing the precise sold prices (available by request) would provide clearer insight into its price trajectory.
5. How can I get the exact historical sold prices?
The site provides sold price ranges publicly. To obtain the exact figures, you must request them via email, as the data is manually verified and not sourced from the MLS.