Property Overview: 474 Neil Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 474 Neil Avenue in Munroe West presents a compelling mix of space, value, and location. Built in 1954, its key feature is an exceptionally large lot of over 8,000 square feet, which ranks in the top 1% for size within the immediate area. This offers significant potential for gardening, expansion, or simply enjoying generous outdoor space—a rarity in the city. The living area of 944 sq. ft. is modest but practical, aligning with the average for Munroe West.
The appeal lies in its strong value proposition within its neighbourhood. With an assessed value of $331,000, it sits well above the area average, suggesting a solid investment in a desirable pocket of the community. This property would particularly suit first-time buyers or downsizers seeking a manageable home with a premium lot size, or value-conscious investors who recognize the long-term potential of land in a stable area. It’s a property where the true asset is the land itself, offering a foundation for future enjoyment or improvement.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a standout feature. At 8,031 sq. ft., it is significantly larger than most in Munroe West (where the average is 4,815 sq. ft.) and ranks in the elite top 1% for the local area.
2. Is the assessed value high for the neighbourhood?
Yes. The assessed value of $331,000 is above the average for both Neil Avenue and the wider Munroe West area, indicating the property is valued highly within its local market context.
3. What is the recent sales history?
Records indicate the property sold in January 2022 for a price between CA$350,000 and $400,000. For fully verified and exact historical sale figures, you can request a manual lookup via email.
4. How does the living space compare?
At 944 sq. ft., the home’s living area is slightly below the average for the city but is very close to the average size for homes in the Munroe West neighbourhood.
5. What does the "Elite" ranking for land area mean?
This ranking means the property's lot size falls within the top 1% of all comparable properties in the Munroe West area, making it a rare find for its generous outdoor space.