Property Overview: 453 Sydney Avenue, Winnipeg
Key Characteristics & Appeal
This 1,016 sqft bungalow, built in 1950 on a 4,498 sqft lot in Munroe West, presents a compelling opportunity for specific buyers. Its primary appeal lies in its strong positioning within its immediate locale. The home ranks above the street average for living space, lot size, and assessed value, suggesting it is a relatively larger and more valuable property on its own block. This indicates a well-situated lot and a home that may offer more room or updates than some of its direct neighbors.
The property suits first-time buyers or downsizers looking for a solid entry into a mature neighborhood without the premium of a newer home. It also appeals to value-oriented investors or homeowners who prioritize lot size and street-level standing over being in a newer city-wide development. A thoughtful perspective is that while the home is below the city averages for size and value—common for established central neighborhoods—it offers a chance to own an above-average property on its street, which can be a smart long-term anchor in a community.
Frequently Asked Questions
1. How does this home compare to others in the area?
Within the Munroe West area, the home is around average for living area and assessed value. Its standout feature is its position on Sydney Avenue itself, where it ranks above average for size, lot, and value compared to its direct neighbors.
2. Is the assessed value the same as the market price?
No. The assessed value of $272k is for municipal tax purposes. Market price is determined by current buyer demand, condition, and recent sales, and can be higher or lower.
3. What does the year built (1950) mean for a buyer?
Homes of this era often feature solid construction and simpler layouts. Buyers should budget for potential updates to major aging components like plumbing, electrical, or the roof, and consider an inspection to evaluate the home's condition.
4. Can I see the past sale history for this property?
Exact sale history is not published on this site due to data restrictions. You can request the full transaction history manually via the provided email option to get precise figures.
5. The lot is larger than many on the street. What are the advantages?
A larger lot (4,498 sqft) in an established neighborhood offers more outdoor space, potential for additions or landscaping, and often provides better light and spacing from neighbors. It is a valuable and irreversible asset.