Property score
56.7
Fair
Overall 56.7 · Older than most nearby homes
963 sqft (bottom 40%) · Built in 1957 (3 yrs older than avg)
Located in a above-average income area with median household income of ~87k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 2 schools, 1 shop, and 1 fuel station nearby
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Below average
3 yrs older than neighborhood avg.
Mother tongue
English · 64%Tagalog · 5%
Past 10 years Munroe East sales snapshot (~80% of all data)
780
313.8k
$339/sqft
1960
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56.7 is composed by the two sections below.
Property Score
Community Score
Munroe East
How to read: Share of sales in each ~$50k price band for “munroe east” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110696
$87K
Median household income
$84K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
25%
Single-person households
30%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
723 Simpson Avenue — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 314 m), 2 education (nearest 440 m), 1 shopping (nearest 327 m).
Munroe East · WPS public data · 2026
Annual incidents
33
2026
vs. city avg
+12%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Property
52%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 43% | Top 42% | Bottom 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 723 Simpson Avenue, Winnipeg
Key Characteristics & Appeal
This home on Simpson Avenue in Munroe East presents a practical opportunity with distinct neighborhood advantages. Built in 1957, it is a mature property on a notably generous 5,746 sqft lot, which ranks well above average for both the street and the local area. The living space of 963 sqft is typical for similar homes nearby but is more compact compared to the Winnipeg city average. Its assessed value is strong relative to its immediate peers, ranking in the top 20% on its street, suggesting it is viewed favorably within its specific market context.
The primary appeal lies in its land value and established location. The large lot offers potential for outdoor space, gardening, or future expansion, which is a significant asset in a mature neighborhood. It would suit a first-time buyer or an investor looking for a solid entry point into a stable area, where the value is anchored more in the property's footprint and location than in the size or newness of the home itself. A thoughtful perspective is that this property represents the "bones" of the neighborhood—it holds its value well among direct comparables, offering a chance to own a character home with room to breathe, albeit likely requiring updates to match modern living standards.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold between $250k-$300k in 2021. Its current assessed value of $32.5k is strong for the street and area, but it's important to note that assessed value for tax purposes is different from market value. You can request the exact historical sale price via email for a clearer picture.
2. Is the house smaller than average?
Yes, but context matters. At 963 sqft, the living area is around average for Munroe East and Simpson Avenue itself, but below the city-wide average. This indicates the home is typical for its specific, established neighborhood.
3. What does the large lot size mean for me?
With a lot size ranking in the top 17% for Munroe East, you have significantly more outdoor space than many neighbors. This allows for larger yards, gardens, or sheds, and can be a key value-driver for future appreciation or renovation potential.
4. The home was built in 1957. What should I consider?
As a home nearing 70 years old, prospective buyers should budget for potential updates to major systems like plumbing, electrical, and the roof. A thorough inspection is essential to understand the condition and any needed maintenance.
5. How can I see how this property compares to its immediate neighbors?
You can open the dedicated neighborhood analysis page to view this property on a map alongside nearby homes, comparing details like year built, lot size, and assessed value directly.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
