Property Overview: 421 Sydney Avenue, Winnipeg
Key Characteristics & Appeal
This 1946 home in Munroe West offers a compelling blend of space and location-specific value. With 1,339 sqft of living area, it stands out significantly in its immediate context, ranking in the top 5-6% for size both on its street and in the broader neighbourhood. This suggests a home that is more spacious than many in the area, which typically average under 1,000 sqft. The lot is also generous for the street at nearly 5,000 sqft, offering above-average outdoor space.
The appeal lies in this relative value proposition. The assessed value of $275k is above average for Sydney Avenue but aligns closely with the Munroe West average. This indicates you are acquiring a larger-than-typical home for the area without a proportionally higher tax assessment. A recent sale price between $300k-$350k further reflects its market position. It suits practical buyers looking for established neighbourhood character, more interior room than the area norm, and a sizable yard, all while maintaining a manageable property tax footprint relative to the home's usable space.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
It is notably larger than most comparable homes in its immediate vicinity. On Sydney Avenue, it ranks in the top 5% for living area, and in the Munroe West area, it ranks in the top 6%.
2. Is the assessed value in line with the sale price?
The assessed value is $275,000. The home sold recently for an estimated $300,000-$350,000, which is a typical market premium over the municipal assessment used for calculating property taxes.
3. What does the "below average" city-wide ranking for value mean?
While the home is above or average in value for its street and neighbourhood, it ranks below the Winnipeg city-wide average assessed value. This primarily reflects the generally higher property values in other areas of the city compared to Munroe West, not a deficiency in the property itself.
4. How old is the home, and what should I consider?
Built in 1946, the home is around the average age for the area. Buyers should budget for maintenance and updates consistent with an 80-year-old structure and consider a thorough inspection of major systems like plumbing, electrical, and the foundation.
5. Where can I get the exact historical sale price?
The exact sale price is not publicly displayed on this site due to data source restrictions. You can request the exact figure via email using the "Request exact figures" link on the property page, and the team will provide it manually.