Property Overview: 929 Fleming Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 929 Fleming Avenue in Munroe East is a study in solid, above-average fundamentals within its immediate community. Built in 1959, it is a slightly newer-than-average home for its street. With 1,038 sqft of living space and a 4,996 sqft lot, its size is very typical for the Munroe East area, offering comfortable space without excessive upkeep.
The standout characteristic is its Assessed Value of $36,200, which ranks in the top 1% on its street and the top 4% in the wider Munroe East area. This suggests the property is officially valued significantly higher than most of its direct neighbors, which can be a positive indicator for municipal valuation and potential equity. Recent sale history shows strong appreciation, with the 2024 sale price range ($350k-$400k) reflecting a notable increase from its 2019 sale.
Its appeal lies in being a well-positioned, established property in a neighborhood of similar homes. It suits a practical buyer—perhaps a first-time homeowner or a downsizer—who values a stable, no-surprises community where this particular home holds a strong relative value position. It’s for someone who prioritizes a sound investment in a mature neighborhood over a brand-new build or a fixer-upper project.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It means the city’s property assessment for this home is among the highest on its street and in the local area. This often reflects a combination of the home’s condition, improvements, and lot attributes relative to its neighbors. It’s a positive data point for municipal valuation but is distinct from market sale price.
2. How does the home’s size compare to the rest of Winnipeg?
While the living area is very typical for Munroe East, it is notably smaller than the Winnipeg city-wide average home (which is around 1,342 sqft). This highlights the character of the neighborhood, which consists of more modestly sized, established homes.
3. What can recent sale prices tell me?
The reported sale price ranges indicate the home has appreciated in value over the past five years. The 2024 sale price places it in a higher percentile city-wide than the 2019 sale did, suggesting its market performance has strengthened.
4. Are the neighboring properties similar?
Yes. Nearby homes on Fleming and Consol Avenues are of similar vintage and scale, indicating a consistent, established streetscape. This provides a good frame of reference for comparisons.
5. Why is the city-wide average assessed value so much higher?
The city-wide average assessed value (shown as $390k) includes all types of properties across Winnipeg, from newer suburban homes to luxury estates. The average for "comparable homes" city-wide is not provided in this data set; the $390k figure is a general city average and not a direct comparison point for this specific property type.