Property Overview: 549 Sydney Avenue, Winnipeg
Key Characteristics & Appeal
This home at 549 Sydney Avenue in Munroe West presents a solid, grounded opportunity in the Winnipeg market. Built in 1955, it is a notably newer construction compared to many of its immediate neighbours, potentially offering advantages in building materials and systems. With 928 square feet of living space, it aligns closely with the typical home size in both the Munroe West area and on Sydney Avenue itself, suggesting a comfortable, manageable layout for daily life.
The property’s appeal is rooted in its strong positioning within its local context. Its assessed value of $272,000 ranks above the street average, indicating it is perceived as a higher-quality asset on the block. Furthermore, the lot size of 4,599 sqft is generous for the street, providing valuable outdoor space that is above the local norm. This combination—a newer home on a larger-than-average lot for the area—creates a compelling value proposition within the neighbourhood.
This home would suit practical, value-conscious buyers who prioritize their immediate community over city-wide comparisons. It’s ideal for someone looking for a well-sized lot and a relatively newer home in an established area, without paying the premium associated with newer suburban developments. It represents a smart, localized investment where the property stands out positively against its closest peers.
Frequently Asked Questions
1. How does this home’s size compare to others in Winnipeg?
While the living area is very typical for the Munroe West neighbourhood, it is below the city-wide average. This highlights the character of established central neighbourhoods, which often feature more compact, efficient homes compared to newer suburban areas.
2. The assessed value seems high for the street but low for the city. What does this mean?
This is a key insight. The assessment ranks well on its street but below the city median, reflecting Winnipeg’s diverse market. It suggests you are acquiring a property that is a leader on its block, offering good value within a more affordable area compared to city hotspots.
3. What does the sold price data indicate?
The home sold between $250,000 and $300,000 in April 2023. This range places that sale in the top third of transactions for the broader area at the time, confirming a history of strong market performance relative to its immediate locale.
4. Given it was built in 1955, should I be concerned about major repairs?
While 1955 is newer than many homes on the street, any 70-year-old property will require diligent maintenance. The positive perspective is that major systems like plumbing or electrical may have been updated more recently than in pre-war homes, but a thorough inspection remains essential.
5. How can I get the exact historical sold prices?
The provided sold price is an estimated range. Due to industry regulations, exact sale figures are not published online here. You can request the precise transaction history by email, and the service will provide the verified data directly to you at no cost.