342 Avalon Road

Property Overview: 342 Avalon Road, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 342 Avalon Road is a practical, no-frills property that represents an accessible entry point into Winnipeg’s Minnetonka neighbourhood. Built in 1973, its key characteristic is its compact size, with 833 square feet of living space, which is notably smaller than most homes on its street and in the immediate area. The lot size of 5,400 sqft is also smaller than many neighbouring properties.

Its primary appeal lies in its financial accessibility. The assessed value is consistently around the average for its immediate vicinity, suggesting a relatively lower property tax burden and an attainable price point. This is a home for pragmatic buyers: first-time purchasers seeking a foothold in the market, investors looking for a rental property, or downsizers who prioritize simplicity and manageability over space. Its smaller scale means lower utility costs and less maintenance, which can be a significant, long-term advantage. A thoughtful perspective is that this property offers the benefits of an established neighbourhood—mature infrastructure and community—without the premium often attached to larger homes on the same street.

Section 2: Frequently Asked Questions

1. Is the living area suitable for a family?
At 833 sqft, the home is compact. It would likely suit a small family, a couple, or an individual best. Those needing multiple bedrooms or ample living space should consider the layout carefully.

2. Why is the assessed value so much lower than the city-wide average?
The city-wide average includes a vast range of property types and neighbourhoods. The assessed value here is much more in line with averages for Avalon Road and Minnetonka, which is a more relevant comparison and indicates the home is typical for this specific area.

3. What does the sold price history indicate?
The home sold between $300k-$350k in 2019. This historical data provides a benchmark, but the current market value would depend on present conditions, updates made since then, and recent comparable sales.

4. How does the lot size impact the property?
At 5,400 sqft, the yard is smaller than many on the street but is close to the city-wide average. This means less outdoor maintenance but may also limit expansion possibilities or extensive landscaping compared to neighbours with larger lots.

5. Are there similar homes nearby for comparison?
Yes. The listing references nearby properties like 338 and 346 Avalon Road for location, and homes such as 6 Oakleaf Drive (similar assessed value and year built) for a direct comparison of size and value.