Property Overview: 362 Sydney Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 362 Sydney Avenue in Munroe West presents a practical and grounded opportunity in the Winnipeg market. Built in 1949, it’s a property that sits comfortably within the averages for its immediate street and neighborhood in terms of size, value, and lot, while offering a relative value compared to the wider city.
Its key appeal lies in its balance and positioning. With 866 sqft of living space on a 4,275 sqft lot, it offers a manageable scale for everyday living without excessive maintenance. The assessed value of $269k is notably below the city-wide average for comparable homes, suggesting a more accessible entry point into homeownership. This isn’t a standout luxury property, but rather a solid, typical home for the area. It would suit first-time buyers seeking a stable starter home, downsizers looking for a manageable property, or pragmatic investors interested in a neighborhood where the fundamentals align with local averages. A thoughtful perspective is that its "averageness" for Munroe West is actually a strength—it represents a known quantity with lower risk of overpaying for premium features, and its below-city-average price tag could allow for budget towards updates.
Section 2: Frequently Asked Questions
1. How does this home compare to others nearby?
The data shows this home is consistently around the average for Sydney Avenue and the broader Munroe West neighborhood in terms of living area, assessed value, and year built. Its lot size is slightly above average for the area.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value ($269k) is for municipal tax purposes. Notably, it is above the street average but below the city-wide average for comparable homes. Market conditions, property condition, and recent upgrades will ultimately determine the sale price.
3. What can the past sale data tell me?
The home sold between $200k-$250k in June 2017. This historical data provides context, but the market has evolved since then. For fully verified and exact sale history, you must request a manual lookup from the site via email.
4. What are the implications of the home being built in 1949?
As a home from this era, prospective buyers should budget for potential updates to major systems like plumbing, electrical, or insulation. A thorough inspection is essential. On the positive side, it often comes with a larger lot size compared to newer infill homes.
5. How does the living space feel for a family?
At 866 sqft, the living area is below the Winnipeg city average. This suggests a cozy layout best suited for individuals, couples, or small families. The above-average lot size for the neighborhood, however, offers valuable outdoor space for expansion or recreation.