Property Overview
This home at 3 Sunway Avenue in Winnipeg’s Meadows neighbourhood presents a specific value proposition. Built in 1987, it’s a 1,076 sqft house on a 4,459 sqft lot with a notably low assessed value of $31,100.
Key Characteristics & Appeal
The primary appeal lies in its unique positioning within its immediate context. On Sunway Avenue itself, the home stands out for having a larger-than-average living area and a significantly larger lot compared to its direct neighbours. This suggests more interior space and yard potential than is typical for the street. However, its assessed value is among the lowest on the block, creating a noticeable value contrast.
This combination suits a specific type of buyer: those who are budget-conscious but prioritize space over move-in readiness. It’s a practical option for a first-time buyer willing to take on updates, an investor looking for a property with a low tax assessment, or a homeowner seeking a larger lot in an established area at an entry point. The data suggests you’re paying less for the structure but getting more land relative to the street—a trade-off that can appeal to long-term planners.
A less obvious perspective is the home’s age. While it’s around average for the Meadows area, it’s newer than most city-wide comparables. This could mean systems and components are potentially from a more modern era than in many other Winnipeg homes, which might be a subtle advantage.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value of $31,100 is significantly below averages for both the street and the Meadows area. This typically reflects the municipality’s valuation of the property in its current state, which can be influenced by factors like the home’s condition, specific market adjustments, or improvements not captured in the assessment. It’s important to note this is not the market price but does impact property taxes.
2. How does the home’s size compare to others?
At 1,076 sqft, the living area is above average for Sunway Avenue but slightly below the average for the wider Meadows neighbourhood. This indicates a home that offers more interior space than its immediate neighbours but is a moderately sized option for the community.
3. What does the lot size mean for potential use?
The 4,459 sqft lot is larger than most on Sunway Avenue, offering more outdoor space than the typical home on the block. While it’s smaller than the Meadows area average, the key advantage is the relative privacy and yard space it may provide compared to direct neighbours.
4. When was it last sold and for how much?
Public records indicate a sale between 2021 and 2025, with a price range of CA$300k–350k. For the exact sale price and date, you can request the information directly via the provided email service.
5. How does the year built affect the property?
Built in 1987, the home is of a vintage where major components like the roof, windows, or HVAC system may be nearing or due for replacement. This is a standard consideration for homes of this age and should be factored into budgeting. On a positive note, its construction date is newer than the median for Winnipeg overall.