Property Overview: 60 Avalon Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 60 Avalon Road presents a solid, value-oriented proposition in the Minnetonka neighbourhood. Built in 1961, it is an older home on its street but aligns closely with the average age of homes across Winnipeg. With 1,260 square feet of living space, it offers a practical footprint that is competitively sized for the area and the wider city.
The property’s standout feature is its financial profile. It boasts an assessed value that places it in the top 25-30% of comparable homes on its street, in Minnetonka, and citywide, suggesting it is a well-regarded asset in its class. This is further supported by strong recent sales performance; its 2024 sale price ranked in the top 12-16% of comparable local sales. The lot size of 7,320 sqft is notably above the citywide average, offering generous outdoor space that is a relative luxury in an urban setting.
Its appeal lies in this combination of a sizable lot, a proven value trajectory, and a manageable home size. It would suit pragmatic buyers looking for a home with established equity and outdoor potential, possibly first-time buyers or downsizers who prioritize lot size over a newer build. A thoughtful perspective is that while the home itself is older than many on its immediate street, its strong assessed and sold value rankings indicate that factors like location, lot, and condition are effectively compensating for its age in the market’s view.
Section 2: Frequently Asked Questions
1. How does the age of this home affect its value?
While built in 1961 (older than many neighbours), its assessed and recent sold prices rank well above average. This suggests the market values the property highly based on its total package—likely including its lot size, location, condition, and updates—despite the older build date.
2. Is the lot size a significant feature?
Yes. At 7,320 sqft, the land area is above the Winnipeg city average, placing it in the top 15% citywide. This offers more private outdoor space than many urban lots, which is a key asset for gardening, recreation, or future expansion.
3. What do the "Top X%" rankings mean for the sold price?
They indicate how the property’s last sale price compared to similar sales. Ranking in the "Top 12%" on its street for its 2024 sale means it sold for more than 88% of comparable homes on Avalon Road, demonstrating strong market demand for this specific property.
4. How does this home compare in size to others?
With 1,260 sqft of living area, it is slightly below the average for Minnetonka but very close to the citywide average. It represents a mid-sized home, suitable for a small family or couple, without the maintenance of a very large floor plan.
5. Why is the assessed value important?
The assessed value is the city’s estimate for taxation purposes. That this home’s assessment ranks consistently in the top quarter of comparisons signals it is officially considered a higher-value property among its peers, which can be a marker of stability and desirability.