Property Overview
513 Sydney Avenue presents a well-positioned home in Winnipeg's Munroe West neighbourhood. Built in 1955, it offers 1,057 sqft of living space on a 4,800 sqft lot, with a current assessed value of $304,000.
Key Characteristics, Appeal & Ideal Buyer
The primary appeal of this home lies in its strong standing within its immediate context. It consistently ranks above average for its street and neighbourhood in key metrics. Notably, its assessed value is in the top 7% on Sydney Avenue, suggesting it is a premium property on its block. The living space is generous compared to nearby homes, and the lot size offers more outdoor space than most on the street.
This creates a specific value proposition: you are acquiring a home that is a standout on its block and in Munroe West, yet priced around the city-wide average. It suits a practical buyer who values established neighbourhoods and seeks a property with above-local-average substance without a premium city-wide price tag. The 1955 build date also indicates a home likely updated past the major system renewal phase common in much older stock in the area, offering a balance of character and modern livability.
Frequently Asked Questions
How does the assessed value relate to the likely selling price?
The assessed value of $304k is for municipal tax purposes and is a historical estimate. It indicates the home is valued well above the street average ($250k). The final sale price will be determined by the current market, but this assessment suggests a strong baseline.
Is the living space sufficient for a growing family?
At 1,057 sqft, the home is larger than most in Munroe West (avg. 958 sqft) but smaller than the Winnipeg average. It would suit a small family, first-time buyers, or downsizers comfortably, but those needing extensive space may find it compact.
What does the 1955 build year imply for maintenance?
Built later than many area homes (neighbourhood avg. 1945), it may have undergone fewer generations of ad-hoc updates. However, as a 71-year-old home, a thorough inspection of the roof, wiring, plumbing, and foundation is essential, as major components may be nearing the end of their service life.
How does the lot size compare, and what are the implications?
The 4,800 sqft lot is larger than most on the street, providing good private outdoor space. However, it's around average for the neighbourhood and smaller than the city average. This means generous yard space for the block, but not an exceptionally large lot by broader standards.
The home sold in 2017; is price history available?
The listed sale from 2017 shows a price range of CA$250k–300k. To obtain the exact historical sold price and full transaction history, you must request it directly via email from the site, as they do not display MLS data.