Property Overview: 164 Avalon Road, Winnipeg
Key Characteristics & Appeal
This home at 164 Avalon Road is a practical, mid-century property built in 1971, offering a manageable 1,152 sqft of living space on a 6,325 sqft lot. Its primary appeal lies in its position as a solid, average-sized home within its immediate area and across Winnipeg, presenting a straightforward entry point into the Minnetonka neighborhood. The assessed value is notably below average for the street and area, which could indicate a different valuation approach or present a relative value opportunity for a buyer.
A thoughtful perspective is its lot size: while it's smaller than others on Avalon Road, it ranks above average city-wide. This suggests a more efficient, lower-maintenance yard that still provides decent outdoor space compared to many Winnipeg homes. The sale history shows steady appreciation, with the last sale in 2021 in the $300k-$350k range, following a 2016 sale between $250k-$300k.
This property would suit first-time homebuyers or downsizers looking for a no-fuss, single-family home in a mature neighborhood. It’s for a buyer who prioritizes a functional layout and location over premium size or a brand-new build, and who is comfortable with a home from the 1970s.
Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. An assessed value below area averages can sometimes reflect the specific characteristics of the home or the timing of assessment. It’s important to compare it to recent sale prices of similar homes for a true market picture.
2. How does the lot size compare practically?
At just over 6,300 sqft, the lot is smaller than many on the same street but is actually larger than the typical Winnipeg lot. It offers enough room for a garden, patio, and play area without demanding excessive maintenance.
3. What does the sale history tell us?
The home has sold twice in recent years (2016 and 2021), showing consistent demand. The increase in sale price over that period aligns with broader market trends, indicating stable value.
4. Who might this home not suit?
Buyers seeking a very large yard, ultra-modern finishes, or above-average square footage for the immediate area might want to look elsewhere. It’s a home that offers practicality over prestige.
5. Where does this home rank in terms of size and value?
The data shows the living area is consistently around the average mark whether compared to the street, area, or city. Its value proposition is strongest when viewed in the city-wide context, where it offers a competitively sized lot and average living space.