Property Overview: 439 Sydney Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on space and land. Built in 1914, its key characteristic is a generous 1,268 sqft living area, which ranks in the top 10% for its immediate street and Munroe West neighborhood, offering more interior space than most nearby homes. It sits on a larger-than-average lot for the street at 4,899 sqft, providing valuable outdoor space and potential.
The primary appeal lies in its assessed value of $188k, which is notably below average for the area. This creates an accessible entry point into the neighborhood, particularly for buyers who prioritize interior square footage and lot size over modern construction. The data suggests a property where the value is in the space itself and the land, rather than in recent updates or a high assessment.
This home would suit a practical buyer looking for room to grow, who is comfortable with the realities of an older home (112 years) and sees potential in its generous proportions. It’s a candidate for a long-term holder who can manage gradual updates, or an investor seeking a property with a strong fundamental asset (the lot and building size) at a lower tax-assessment base.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes?
The assessed value is significantly below averages for the street, area, and city. This typically reflects the home’s older age (1914) and likely indicates that its condition or features have not been updated to the same degree as comparable properties, resulting in a lower valuation for tax purposes.
2. What does the "Top 8%" ranking for living area mean?
It means the home’s interior space (1,268 sqft) is larger than 92% of the 189 comparable homes on Sydney Avenue. In its immediate context, it offers substantially more living space than the typical home nearby.
3. How recent is the sold price data?
The last recorded sale was in August 2019, with a price between CA$150k–200k. To obtain the exact sale price and any more recent, fully verified transaction data, you must request a manual lookup from the site via email.
4. Are there risks with a home built in 1914?
Yes. A home of this age will likely require diligent inspection and maintenance. Buyers should budget for potential updates to foundational systems like wiring, plumbing, and insulation, and be prepared for a different layout and character compared to modern builds.
5. Is the large lot a benefit for future expansion?
The 4,899 sqft lot is a significant asset, offering ample yard space and potential for additions, gardens, or outdoor living. It provides flexibility that smaller, more modern lots do not, which is a key long-term advantage.