Property Overview: 307 Avalon Road, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, land, and value. Its primary appeal lies in its generous proportions. With 2,002 sqft of living area, it ranks within the top 15% for size both in the Minnetonka area and citywide. The standout feature, however, is the land. The 19,157 sqft lot is exceptionally large, placing it in the elite top 3% of the neighbourhood and top 2% citywide, offering rare potential for privacy, gardening, or expansion.
Built in 1953, the home is notably older than most on its street and in the immediate area, suggesting a classic layout and potential for updates. This is balanced by an assessed value that sits above local averages, indicating its perceived worth. The property last sold between $400k-$450k in 2019.
This home would best suit buyers who prioritize ample indoor and outdoor space over a modern build. It’s ideal for those looking for a established property with a large yard, who are comfortable with a home from the 1950s and may see value in its character or renovation potential. It represents a trade-off: significant lot size and living space, with the understanding that the structure itself may require more maintenance or modernization compared to newer builds in the area.
Frequently Asked Questions
1. How does the age of the home affect its value and condition?
Built in 1953, the home is older than most in its immediate vicinity. While this can mean classic construction and mature landscaping, it typically implies that major systems (like plumbing, electrical, or the roof) may be older or have been updated at various times. A thorough inspection is highly recommended.
2. What are the implications of such a large lot?
A nearly half-acre lot in the city is a rare asset. It offers privacy, space for recreation, and room for additions like a garage, workshop, or garden. Buyers should also consider the associated responsibilities, such as higher maintenance (lawn care, snow clearing) and verify any zoning bylaws regarding future development.
3. The assessed value seems low compared to the last sold price. Why?
The assessed value ($54.20k) is for municipal tax purposes and is not an indicator of current market value. The last known sale ($400k-$450k in 2019) is a more relevant benchmark, though market conditions have likely changed since then. Always rely on a current market evaluation for pricing.
4. How does the living area compare to nearby homes?
The home’s living space is significantly above average. It has about 600 more sqft than the average home on Avalon Road and over 550 more sqft than the average in Minnetonka, offering more room than most local options.
5. Where can I see more detailed information about the neighbourhood?
You can open the dedicated neighbourhood analysis page for this property to view an interactive map comparing year built, living area, assessed value, and lot size with nearby houses. This provides clearer context for how 307 Avalon Road fits into the local streetscape.