Property Overview: 465 Sydney Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 465 Sydney Avenue in Munroe West presents a solid, value-oriented opportunity. Built in 1950, its key appeal lies in its strong positioning within its immediate neighborhood. With 900 sqft of living space, it is very typical for Sydney Avenue and Munroe West. The lot size of 4,499 sqft is notably above average for the street, offering good outdoor space. The assessed value of $281k ranks in the top 20% on its street, suggesting it is viewed as a higher-quality asset on the block compared to its neighbors.
Its primary appeal is for the practical, equity-minded buyer. It suits a first-time homebuyer or an investor looking for a stable property in an established neighborhood where the home stands out positively against direct comparables. A thoughtful perspective is that while the home is below city-wide averages for size and value, it outperforms on its own street—indicating a potential "big fish in a small pond" scenario where the intrinsic value may be more protected from local market fluctuations. It’s a property for someone who prioritizes neighborhood standing and lot size over sheer square footage.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to nearby sales?
Based on available data, the last sold price (in 2021) fell within the $250k-$300k range. That price ranked in the top 9% of sales on Sydney Avenue and the top 29% in Munroe West at the time, indicating a history of strong value retention in the immediate area.
2. Is the living space smaller than a typical Winnipeg home?
Yes. The 900 sqft living area is comfortably average for Munroe West but is below the Winnipeg city-wide average. This is characteristic of many well-established neighborhoods and reflects a more efficient, manageable footprint.
3. What does the above-average assessed value on the street indicate?
An assessed value ($281k) that is above the street average ($250k) often reflects a combination of factors like lot size, condition, and improvements relative to neighbors. It suggests the property is considered one of the more substantial homes on the block, which can be a positive for pride of ownership and stability.
4. How current is the sold price data?
The provided sold price is from late 2021. For fully verified, exact historical transaction figures, you must request a manual lookup via email, as this site does not display proprietary MLS sold records.
5. The home was built in 1950. What should I consider?
While newer than many homes on its street (average year built 1939), a 76-year-old home will likely have had updates. A key inspection focus should be on the condition of major aging components like the roof, foundation, plumbing, and electrical systems, regardless of its relative age in the area.