Property Overview: 407 Sydney Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 407 Sydney Avenue in Munroe West presents a practical opportunity centered on its generous lot and established neighborhood. Built in 1950, the 918 sqft house sits on a notably large, approximately 5,000 sqft lot for the street, ranking in the top 10% locally for land size. This is the property's standout feature, offering clear potential for expansion, gardening, or outdoor living that many newer lots in the city cannot match.
Its appeal lies in its position as a solid, value-conscious entry into the Winnipeg market. With an assessed value of $244k, it sits below both the neighborhood and city-wide averages, suggesting a potentially accessible price point. The home suits first-time buyers, downsizers, or investors looking for a property where the land itself is a significant asset. It’s a home for those who see potential beyond the current footprint—whether that’s in the spacious yard, the possibility of updates, or the stability of a mid-century build in a mature area. A thoughtful perspective is that while the living space is modest by current city standards, its efficient size paired with a large lot offers a balanced lifestyle without excessive maintenance, appealing to those seeking simpler living without sacrificing outdoor space.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is approximately 4,998 sqft, which is significantly larger than the average on Sydney Avenue (3,914 sqft) and slightly above the average for the Munroe West area.
2. What is the recent sales history for this property?
Public records indicate it sold in August 2021 for an estimated $200k-$250k, and prior to that in March 2020 for an estimated $150k-$200k. Exact sale prices require a manual lookup from the provider.
3. Is the living area smaller than typical Winnipeg homes?
Yes. The 918 sqft living area is below the Winnipeg city-wide average for comparable homes. However, it is much closer to the average size for both the immediate street and the Munroe West neighborhood.
4. What does the assessed value indicate about the property's standing?
The $244k assessment is around average for Sydney Avenue but below the average for both the broader Munroe West area and the city of Winnipeg as a whole, positioning it as a more value-oriented option in its market.
5. The home was built in 1950. What should I consider?
While newer than many homes on its street, a 76-year-old home will likely have systems (like plumbing, electrical, or the roof) that require inspection to understand their condition and any needed updates or maintenance.