Property Overview: 521 Neil Avenue, Winnipeg
Key Characteristics & Appeal
This 1,077 sqft bungalow, built in 1955, sits on a notably generous 7,745 sqft lot in the Munroe West neighborhood. Its primary appeal lies in the balance it strikes: it offers a home that is modern in its neighborhood context while providing land size that is a standout asset. Compared to other homes in Munroe West, its living space is above average and it sits on a lot that ranks in the top 3% of the area—a significant advantage for privacy, gardening, or future expansion. The 1955 build date is also a relative positive, making it one of the newer homes on its street.
The assessed value of $317k positions it as a premium offering within Munroe West (top 14%), yet it remains around the citywide average, suggesting you get more property for your dollar here than in many other Winnipeg neighborhoods. This profile suits buyers looking for a established, quiet area with room to breathe. It’s ideal for someone who values a large yard over a massive house, and for those who appreciate a home that is newer than many of its neighbors, potentially implying fewer major age-related updates in the near term.
Frequently Asked Questions
1. How does the lot size compare to typical city lots?
The lot is 7,745 sqft, which is substantially larger than the average lot in both Munroe West (approx. 4,815 sqft) and Winnipeg overall (approx. 6,570 sqft). This is one of the property's strongest features.
2. Is the 1955 build date a concern?
While any 70-year-old home will require diligent maintenance, this home is considered one of the newer properties on its street (top 4%) and in the wider area. This could mean updates to major systems like plumbing or electrical have already been addressed in a more modern era than its older neighbors.
3. What does the assessed value tell me about the price?
The $317k assessment is above the Munroe West average but below the citywide average for comparable homes. This often indicates a desirable property within its immediate area that may still offer relative value compared to the broader market.
4. How was the last sale price determined?
Public records show it sold between $250k-$300k in September 2019. For precise historical sale figures, a manual lookup through the site is required, as exact MLS data is not published online here.
5. What is the neighborhood context for this home?
The data suggests it's in a stable, established area where this property holds a strong position—particularly in terms of lot size and newer construction. Nearby comparison properties vary widely in age, size, and value, indicating a diverse streetscape rather than a uniform subdivision.