Property Overview: 901 Simpson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1958-built home in Munroe East presents a practical opportunity centered on its generous lot. The 932 sqft living space is modest and below the citywide average, but the 5,751 sqft land area is a standout feature, ranking in the top 16% for the local area. This creates a clear value proposition: you are acquiring proportionally more outdoor space than most homes in the neighbourhood.
The appeal lies in this land potential. The assessed value of $290K sits below average for the street and city, suggesting the current improvements (the house itself) are valued modestly. This combination points to a property suited for a buyer with vision—someone who values private outdoor space for gardening, family play, or future expansion. It could be an ideal fit for a first-time buyer or an end-user looking for a manageable home with room to grow outdoors, or for an investor who sees the underlying lot value. It’s a home where the land is the leading asset, offering a canvas for personalization or long-term value.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates?
Given its 1958 construction and a living area assessed below average for the city, buyers should budget for updates typical of a home of this era. The value appears to be weighted more toward the land.
2. How does the lot size compare practically?
At over 5,700 sqft, the lot is significantly larger than most in Munroe East. This means more yard space, greater distance from neighbours, and potential for additions like a shed, garage, or garden that might not be possible on a standard lot.
3. What does the sold price history indicate?
The home sold between $200K-$250K in 2016. The increase to the current $290K assessment reflects broader market movement. For exact sale figures, you must request a manual lookup via the website.
4. Is the assessed value a reliable indicator of market price?
The assessed value is for taxation purposes and is a snapshot in time. Notably, it is below average for the street, which may indicate the market could value the desirable lot size higher than the municipal assessment does.
5. What is the neighbourhood context for this property?
In Munroe East, this home’s living space is below average, but its lot size is well above average. This suggests the immediate area has a mix of smaller homes on varied lot sizes, and this property offers one of the more spacious parcels.