Property Overview: 395 Avalon Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,130 sqft bungalow, built in 1975, presents a practical opportunity in Winnipeg's Minnetonka neighbourhood. Its key appeal lies in its relative affordability, as indicated by an assessed value significantly below the local area average. The home offers a manageable living space that is on par with typical city-wide sizes, making it a straightforward, no-fuss layout.
The property’s standout characteristic is its lot size. At just under 5,000 sqft, it is the smallest on Avalon Road. While this means less yard maintenance—a potential plus for downsizers or those seeking a low-upkeep property—it also offers less private outdoor space than most neighbours. The home itself is newer than many on its immediate street, which may suggest updates or a slightly younger roof and major systems compared to direct peers.
This home would best suit first-time buyers or investors looking for an entry point into the market with a lower tax assessment base. It’s also a candidate for downsizers who prioritize a single-level layout and want to minimize yard work. The value proposition is clear: you’re acquiring a functionally average-sized home in a established area, but at a price point that reflects its more compact lot.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbours?
The primary driver is likely the significantly smaller lot size (4,994 sqft vs. an area average over 11,000 sqft). Assessed value is based on both land and building value, so the reduced land area substantially lowers the total.
2. Is the smaller lot a major disadvantage?
It depends on your lifestyle. It greatly reduces maintenance time and cost, which is a benefit for many. However, it limits potential for expansions like large decks, pools, or additions, and offers less privacy and play space than larger lots.
3. The home is "newer" than others on the street. What does that mean?
Built in 1975, it is a few years newer than the immediate street average (1971). In practical terms, this minor age difference may not guarantee newer components, but it can sometimes correlate with features or building materials common to the mid-70s.
4. How does the living space compare to a typical Winnipeg home?
At 1,130 sqft, it is slightly below the Minnetonka average but very close to the Winnipeg city-wide average. It provides a standard amount of living area for a bungalow, suitable for a small family or couple.
5. What is the likely trade-off for the lower price?
You are primarily trading lot size and space for affordability and lower maintenance. The home itself provides average interior space, but the property footprint is minimal. This represents a cost-efficient option in the neighbourhood, assuming the interior condition meets your needs.