Property Summary: 351 Sydney Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 351 Sydney Avenue in Munroe West is defined by its practicality and value. Built in 1930, it is a compact, 686 sqft residence on a standard 3,299 sqft lot, with a current assessed value of $191k. The data reveals a clear profile: this is a smaller, more affordable property compared to most in the neighbourhood and across Winnipeg. Its living area and assessed value rank in the bottom 15% locally and city-wide.
The primary appeal lies in its accessibility. It represents a lower financial barrier to entry into the Winnipeg market, ideal for first-time buyers, investors, or those seeking a minimalist footprint. The lot size is typical for the immediate street, offering a manageable outdoor space without excessive upkeep. A thoughtful perspective is that its below-average metrics in a stable area like Munroe West could signal a "value-add" opportunity; modest, thoughtful updates in a home of this size can have a significant proportional impact on both livability and future value. It suits a buyer comfortable with a cozy layout, who prioritizes financial flexibility over space, and sees potential in a well-located, classic home.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes. At 686 sqft, it is notably smaller than the average home in Munroe West (~958 sqft) and Winnipeg overall (~1,342 sqft). It is best suited for individuals, couples, or those comfortable with efficient living spaces.
2. Why is the assessed value lower than nearby homes?
The assessed value of $191k is below the area average, reflecting primarily its smaller size and older age. This results in lower property taxes, which is a key part of its affordability.
3. What does the sale history indicate?
The home sold in 2021 for an estimated $150k-$200k and previously in 2016 for $100k-$150k. This suggests a history of being a value-priced property, with apparent appreciation between those sales periods.
4. How does the lot size compare?
At 3,299 sqft, the lot is average for Sydney Avenue but smaller than many in wider Munroe West. This means yard maintenance is manageable, but expansion possibilities may be limited compared to properties on larger lots.
5. Are the sold prices shown exact figures?
No. The publicly available data provides price ranges. To obtain the exact historical sale prices, you must request them directly via email from the site, as they are not sourced from the MLS.