Property Overview: 373 Sydney Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 373 Sydney Avenue is defined by its practicality and position as a more accessible entry point into the Winnipeg market. Its key characteristic is its value: with an assessed value of $199k, it sits notably below average for its street, neighborhood (Munroe West), and the wider city. The 718 sqft living space is compact, ranking in the smaller portion of homes locally, suggesting a efficient, manageable layout. Built in 1914, it is a true character home, older than most in the area, which can appeal to those appreciating historic charm but implies a need for diligence regarding updates and maintenance. The lot size of 3,299 sqft is relatively average for the street, offering decent outdoor space.
The appeal lies in its affordability and opportunity. It suits first-time buyers or investors seeking a lower-cost foothold in a stable neighborhood. It’s a property for those comfortable with a smaller, older home who see potential in gradual updates. A less obvious perspective is its lot size: while the house is modest, the lot is not the smallest on the street, offering a balance of manageable indoor space with usable outdoor area—a relative rarity in this price tier. It would not suit those requiring modern, move-in-ready finishes or ample square footage, but is ideal for budget-conscious buyers willing to trade size and newness for location and lot potential.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the listing price?
The assessed value of $199k is for municipal tax purposes and is typically below market value. However, it indicates this property is valued significantly lower than area averages, suggesting a potentially lower listing price point compared to nearby homes.
2. The house was built in 1914. What should I consider?
While full of character, a 110-year-old home will likely have older major systems (like plumbing, wiring, and heating) and may require more ongoing maintenance or updates. A thorough, professional home inspection is essential to understand the condition and potential future costs.
3. The living area is 718 sqft. How livable is that?
This is a compact footprint. It typically indicates a 1 or 2-bedroom layout, ideal for a single person, a couple, or a small household comfortable with efficient use of space. It emphasizes function over spaciousness.
4. How does the lot size compare, and what does it offer?
At 3,299 sqft, the lot is around average for Sydney Avenue. This is a positive note, as it means the outdoor space is proportionate and not overly cramped, offering room for a garden, patio, or future expansion like a shed or deck, which is a valuable asset for a smaller home.
5. Can I get the exact historical sale price for this home?
The site shows it sold between $150k-$200k in April 2016. Due to data display rules, exact sold prices are not published online here. You can request the exact figure via email from the site provider, who will manually look it up and send it to you.