Property Overview
31 Sunway Avenue is a well-situated home in Winnipeg's Meadows neighbourhood, built in 1987. With 1,040 sqft of living space on a 4,000 sqft lot, it presents a practical and efficient layout. Its assessed value is $365,000, and it last sold between $250,000–$300,000 in 2017.
Key Characteristics & Appeal
This home’s primary appeal lies in its strong standing within its immediate community. On Sunway Avenue itself, it ranks above average for living space, lot size, assessed value, and is newer than most neighbouring homes. This suggests a well-kept property in a consistent, established setting. While its lot and living area are more modest compared to broader city averages, this translates to lower maintenance without sacrificing functionality. The neighbourhood data indicates it's a stable, middle-of-the-road area without extreme peaks or valleys in property metrics.
It would suit first-time buyers or downsizers looking for a manageable, move-in-ready home in a quiet area. It’s also a sensible fit for value-oriented buyers who prioritize a home's standing on its specific street over having the largest footprint in the city. The data shows you’re buying a property that has historically held its own in its micro-market.
Frequently Asked Questions
How does this home really compare to others nearby?
The data shows it consistently outperforms the average home on its own street in key categories like size, value, and age. Compared to the wider Meadows area and city, it's more average, indicating it's a solid, representative home for the broader community.
What does the assessed value tell me?
The $365,000 assessment is above average for the street but typical for the Meadows area. This can signal that municipal assessors view it as a well-maintained property for its locale, which is useful for understanding its tax basis and official valuation.
Is the lot size a drawback?
At 4,000 sqft, the lot is smaller than many in Winnipeg. However, it's actually above average for Sunway Avenue. This means less yard upkeep while still providing private outdoor space, which can be a benefit for those not wanting extensive landscaping duties.
The home was last sold in 2017. What should I consider?
The 2017 sale price range provides a historical benchmark, but market conditions have changed. The current assessed value being higher suggests appreciation. A key question for a seller would be the specific renovations or updates completed since that last sale.
How can I get the exact past sale prices?
The exact sold prices are not publicly displayed online. You can request the precise history by emailing the listing service; they provide this detail manually without using your email for marketing spam.