Property Overview: 433 Sydney Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 433 Sydney Avenue in Munroe West is a classic, compact property built in 1914. With 846 square feet of living space on a 3,299 sqft lot, its size is quite typical for its immediate street and neighbourhood, but notably smaller than the Winnipeg city average. Its assessed value of $213K is below average for the area, suggesting a potentially accessible entry point into the market.
The primary appeal lies in its position as a modest, character home in an established neighbourhood. It suits first-time buyers or investors looking for a lower-priced foothold in Winnipeg, or downsizers seeking a manageable property without a premium lot size. A thoughtful perspective is that its older vintage (112 years) offers charm but also places it among the oldest homes on the street, which prudent buyers will factor into renovation and maintenance plans. While the lot is smaller than many in the wider city, it is relatively average for Sydney Avenue itself, indicating a streetscape of similarly scaled homes, which can be appealing for those preferring a cozy, established community feel over sprawling yards.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to likely market price?
The assessed value of $213K is for municipal tax purposes and is typically below market value. It indicates a baseline, but the final sale price will be determined by current market conditions, the home’s condition, and buyer demand.
2. What should I consider with a home built in 1914?
While full of character, a home of this age will likely require careful attention to foundational, electrical, and plumbing systems that may have been updated over time. A thorough inspection is essential to understand the state of these core components.
3. The living area is smaller than the city average. How does the layout work?
At 846 sqft, the home is efficiently sized. Buyers should pay close attention to the floor plan to ensure it meets their spatial needs, as older homes can sometimes have compartmentalized rooms versus open-concept layouts.
4. The lot size is below the city average. What are the implications?
The 3,299 sqft lot requires less maintenance than a larger yard, which can be a benefit. However, it also means limited space for major expansions, additions, or extensive outdoor living areas. It’s worth checking local zoning bylaws for any development potential.
5. Can I get the exact historical sale price for this property?
The site shows the home sold between $150K-$200K in mid-2016. To receive the exact sale price and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.