Property Overview: 383 Sydney Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on space and land. Built in 1914, it is a character property with above-average interior space (1,100 sq ft) and a notably generous lot (4,899 sq ft) for its Munroe West neighborhood and street. This combination is its primary appeal: offering more room both inside and out than many nearby homes.
Its assessed value is positioned below area and city averages, which can signal an entry point for buyers comfortable with a renovation project or the upkeep of an older home. The appeal lies in the potential of the sizable lot and the spacious interior footprint, which are less common finds in this price bracket. It would suit a practical buyer looking for a "blank canvas" property—someone who values private outdoor space and room to grow over modern finishes, and who is prepared for the maintenance or updating a 110-year-old home may require. It's a solid option for a long-term holder who can capitalize on the underlying asset (the land and space) rather than immediate move-in perfection.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. It primarily reflects the home's age and potentially its condition relative to newer homes. For a buyer, it can represent a lower property tax base and an opportunity to add value through updates.
2. What does the sold price range (CA$200k–250k in 2022) tell us?
It confirms the home transacted significantly below its assessed value at that time, which often indicates it was sold as a fixer-upper or required investment. This history is important for setting renovation budgets.
3. How significant is the large lot size?
Very. Ranking in the top 16% on its street for land area is a key asset. It offers rare potential for gardening, expansion, or outdoor living in a mature neighborhood where lots are typically smaller.
4. What should I consider about the 1914 build date?
While offering classic charm, it necessitates thorough inspections for foundational integrity, wiring, plumbing, and insulation. Energy efficiency may be lower than modern standards, impacting utility costs.
5. How does it compare to nearby homes?
It offers more living space and land than immediate neighbors like 401 or 381 Sydney Avenue, but is older and has a lower assessed value. It trades modern convenience for sheer physical space and lot potential.