Property Overview: 377 Sydney Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on space and potential within a well-established neighbourhood. Its key characteristic is a generous 1,145 sqft living area, which ranks in the top 12-17% for its immediate area, offering more interior space than most nearby homes. This is paired with a modest 3,299 sqft lot that is average for the street. The appeal lies in the opportunity: it is a 1914-built character home with an assessed value ($196k) significantly below area and city averages. This combination suggests a property where the value is in the existing footprint and the possibility for personalization, rather than in recent updates or a large yard.
It suits practical first-time buyers or investors looking for a home with solid interior space to grow into at an accessible entry point. It would also appeal to those who prefer a character home and are prepared for the maintenance or updates that come with an older property. A less obvious perspective is that its below-average assessment, while reflecting age and condition, could represent a relative tax advantage compared to neighbouring, higher-valued homes.
Frequently Asked Questions
1. Why is the assessed value so much lower than area averages?
The assessment reflects the property’s age (1914), its condition, and likely its market position. It is older than most homes in Munroe West and the city, which is a primary factor in its lower valuation compared to the area averages.
2. What does the living area ranking mean for me?
Ranking in the top 12% on its street for living area means this home offers more interior space than 88% of comparable properties on Sydney Avenue. You are getting a larger-than-typical floor plan for the immediate location.
3. How recent is the sold price data, and what does it show?
The home sold in March 2018 for between $150,000 and $200,000. This historical data shows the price range from its last transaction, which is consistent with its current below-average assessed value.
4. Are the exact sold prices for nearby homes available?
The site provides sold price ranges. To obtain fully verified, exact sold prices and a complete transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.
5. What are the main considerations with a home built in 1914?
Key considerations will be the condition and age of major systems (like plumbing, electrical, and heating), the potential for heritage character features, and the ongoing maintenance typical of a century-old home. An inspection is highly recommended.