Property Overview: 338 Avalon Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 720 sqft bungalow, built in 1972, presents a straightforward, entry-level opportunity in Winnipeg’s Minnetonka neighbourhood. Its key characteristic is its compact scale, with a living area significantly below average for its immediate street and wider area. The lot size of 5,397 sqft is also modest for the local context but aligns more closely with typical city-wide lots.
The primary appeal lies in its accessibility. With an assessed value notably below local averages and a recent (2022) sale in the $300k-$350k range, it represents one of the more affordable detached housing options in the city. This is a property for practical, cost-conscious living rather than luxury. It would suit first-time buyers seeking a foothold in the market, investors looking for a rental property with lower entry costs, or downsizers wanting a manageable, single-level home without a large yard to maintain. A thoughtful perspective is that its below-average size and value metrics could mean lower property taxes and utility costs, offering long-term affordability beyond the purchase price. Its average age for the city suggests it fits a well-established neighbourhood fabric without the uncertainties of much older or newer construction.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 720 sqft, the home is compact. It’s best suited for individuals, couples, or small families comfortable with efficient living spaces. The size is a direct factor in its affordability.
2. How does the assessed value compare to the likely selling price?
The assessed value is $36,200k, which is a municipal valuation for tax purposes. The home sold for between $300,000 and $350,000 in 2022, indicating that market value is significantly higher, as is common.
3. What does the lot size mean for potential expansion or gardening?
The 5,397 sqft lot is smaller than many on Avalon Road but is still a decent size for a city yard. It may allow for a garden or patio space, but any significant home expansion would require careful planning due to the existing home’s footprint.
4. Are there comparable recent sales to gauge value?
The listing provides nearby and similarly assessed properties for comparison. For example, 6 Oakleaf Drive (720 sqft, 1973) and 384 Avalon Road (1,597 sqft, 1978) offer context on size and value within Minnetonka.
5. How can I find out the exact historical sold prices?
The exact sold prices are not publicly displayed. The listing service offers to provide this information manually via email request at no cost, with a same-day turnaround.