545 Neil Avenue

Property Overview: 545 Neil Avenue, Winnipeg

Key Characteristics & Appeal

This 1,071 sqft bungalow, built in 1955, sits on a notably large 7,746 sqft lot in the Munroe West neighbourhood. Its primary appeal lies in the exceptional land size, which ranks in the top 2% of the local area, offering rare potential for expansion, gardening, or outdoor space. While the living space is modest and fairly typical for the street, it is above average for Munroe West, suggesting a comfortable footprint for the area.

The home’s assessed value of $322,000 is positioned above the neighbourhood average, reflecting the premium for the substantial lot. A key, less obvious perspective is that the 1955 build date is actually newer than most homes on Neil Avenue, potentially indicating updated infrastructure or materials compared to its peers. This property would best suit a buyer who values land over sheer interior size—a practical homeowner looking for room to grow, a family desiring ample yard space, or a long-term investor recognizing the inherent value in a large urban lot.

Frequently Asked Questions

1. How does the lot size compare to typical Winnipeg homes?
The lot is significantly larger than average, ranking in the top 12% city-wide. It’s over 1,100 sqft larger than the city average lot.

2. Is the assessed value high for the area?
The assessed value is above the Munroe West average but is close to the average for Neil Avenue itself. This suggests you are paying a premium for the specific street and the substantial lot.

3. The home was last sold in 2020. Can I find out the exact sale price?
The site provides a sold price range from that period. To obtain the exact historical sale figure, you must request a manual lookup via email, as the data is not sourced from the MLS.

4. What does the "newer" 1955 build year mean for me?
While the home is 71 years old, it is newer than most on its block. This could mean relatively newer wiring, plumbing, or foundation materials compared to neighbouring homes built in the 1940s or earlier, though a thorough inspection is still essential.

5. How does the living space feel for the neighbourhood?
At 1,071 sqft, the living area is actually above the Munroe West average, so it should feel reasonably spacious within its local context, even if it is slightly below the size of average homes on Neil Avenue itself.