Property Overview: 533 Neil Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 533 Neil Avenue in Munroe West presents a compelling mix of space, value, and location. Built in 1955, it is notably newer than most homes on its street and in the broader neighbourhood, which may suggest updated building systems or materials compared to its peers. The key feature is the generous 7,746 sqft lot, which is exceptionally large for the Munroe West area, ranking in the top 2% of local properties. This offers significant outdoor space and potential for gardening, expansion, or simply more privacy.
The 977 sqft living area is very typical for Munroe West, offering comfortable, manageable space. Its assessed value of $316,000 sits above the neighbourhood average, reflecting its desirable lot size and newer construction, while remaining below the city-wide average for homes. This creates a value proposition: you get more land and a relatively newer home for a price that is competitive within a sought-after community.
This property would suit a buyer looking for a established neighbourhood with room to breathe. It’s ideal for someone who values private outdoor space over a very large interior, and for those who appreciate a home that may require less immediate updating than many of its older neighbours. It represents a solid, grounded choice for a first-time buyer or downsizer seeking a character area without a character home’s typical maintenance age.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is a standout feature. At 7,746 sqft, it is significantly larger than the Munroe West average of about 4,815 sqft, placing it in the top 2% of the neighbourhood for land area.
2. Is the home older or newer than others in the area?
Yes, it is notably newer. Built in 1955, it is much newer than the average home on Neil Avenue (avg. 1948) and in Munroe West (avg. 1945), ranking in the top 4% and 11% respectively for its year of construction.
3. What is the recent sales history?
Records indicate the property sold between July 2024 for a price in the CA$300,000–$350,000 range. Exact sold prices require a manual lookup request through the site.
4. How does the assessed value relate to the sale price?
The current assessed value is $316,000. The last known sale price fell within a band that contains this assessment, suggesting the assessment is in line with recent market activity.
5. Is the living space larger or smaller than average?
The 977 sqft living area is very close to the Munroe West average (958 sqft) but below the city-wide average (1,342 sqft). It offers a practical footprint that is standard for the immediate neighbourhood.