Property Overview
35 Sunway Avenue is a well-established bungalow in Winnipeg’s Meadows neighbourhood, built in 1987. With 890 square feet of living space on a 4,000 square foot lot, it presents a compact and manageable footprint. Its assessed value is notably accessible compared to broader market averages, positioning it as an entry-level opportunity.
Key Characteristics & Appeal
The primary appeal of this home lies in its value proposition and practicality. It suits first-time buyers or investors seeking an affordable entry into the Winnipeg market without the premium of a new build. The lot size is above average for its immediate street, offering decent outdoor space relative to nearby homes. As a property from the late 1980s, it is newer than many city-wide comparables, potentially meaning fewer immediate major upgrades than older stock. Its appeal is grounded in essentials: it’s a cost-effective, low-maintenance starting point in a stable neighbourhood. A thoughtful perspective is that its below-average size and value for the area could be seen not as a drawback, but as a strategic low-cost holding in a community where you can build equity over time.
Ideal Buyer Profile
This property would best suit pragmatic first-time homebuyers working with a tight budget, or an investor looking for a straightforward rental property. It’s less suited for those requiring significant space or modern, turn-key finishes.
Frequently Asked Questions
1. Is this a good value for a first-time buyer?
Yes, particularly if budget is the primary constraint. The assessed value is below averages for both the street and the Meadows area, suggesting a lower property tax burden and an affordable purchase point to enter the market.
2. How does the home’s size compare to others?
At 890 sq ft, the living area is below the average for the street, neighbourhood, and city. This indicates a cozy, efficient layout ideal for one or two people but may feel cramped for a growing family.
3. What does the lot size mean for me?
The 4,000 sq ft lot is larger than many on Sunway Avenue itself. While it’s below the neighbourhood average, it still provides reasonable yard space for gardening, entertaining, or future expansion, which is a plus on this street.
4. The home was built in 1987. Should I be concerned about major repairs?
While newer than the city-wide median, a 39-year-old home will likely have had several components, like the roof, windows, or major systems, updated. A thorough inspection is crucial to understand the condition and any upcoming capital expenses.
5. Why is the sold price history only shown as a range?
Exact sale prices in Manitoba are not publicly available in online records. The provided range is estimated from public data. You can request the precise historical sale price by emailing the listing service, which they provide manually without marketing spam.