Property Overview
993 Simpson Avenue presents a well-situated home in Winnipeg's Munroe East neighbourhood. Built in 1959, it offers a practical footprint of 948 square feet on a notably generous 5,751 square foot lot. The home's assessed value of $329,000 positions it above average for its immediate street and area, suggesting a solid perception of value within its local market.
Key Characteristics & Appeal
The primary appeal of this property lies in its land value and established location. The lot size is a significant asset, ranking in the top 16% within Munroe East and the top 8% on Simpson Avenue itself. This offers ample outdoor space—a relative rarity—with potential for gardening, expansion, or simply more privacy than typical area lots. While the living area is modest and below the city-wide average, it represents a standard, manageable size for the neighbourhood.
Its assessed value, consistently above local averages, indicates that it is viewed as a higher-value property on its street and in the broader area. This could reflect the desirable lot, specific updates, or the home's condition. Recent sale history shows a notable increase in value between 2021 and 2022.
This home would best suit practical buyers looking for an established neighbourhood with room to breathe. It's ideal for first-time homeowners or downsizers who prioritize a larger yard over expansive interior square footage. It also appeals to value-oriented investors or renovators who see potential in the substantial lot, whether for future updates, a suite, or simply holding land in a mature community.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 948 sq ft, the living area is very close to the average for both Simpson Avenue (986 sq ft avg) and the Munroe East area (1,009 sq ft avg). It is a comfortably standard size for this specific location.
2. Why is the assessed value higher than many neighbours?
The assessment of $329k ranks in the top 15% on its street. This premium likely reflects the home's above-average lot size and potentially its condition or improvements relative to other homes on the block.
3. Is the lot size unusual for this area?
Yes. The 5,751 sq ft lot is a standout feature, larger than approximately 84% of lots on Simpson Avenue and 84% in the Munroe East area. It provides significantly more outdoor space than most comparable properties.
4. What does the sale history tell us?
The home sold in late 2021 and again in late 2022. The price range increased substantially between those sales, indicating a strong upward movement in value at that time, possibly due to market conditions or improvements made.
5. Where can I get verified sale price data?
The site provides estimated sale price ranges. For exact, verified sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.