Property Overview: 458 Sydney Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 458 Sydney Avenue in Munroe West presents a specific value proposition centered on its lot and location rather than its size. Built in 1954, it is a newer construction compared to many homes on its street and in the immediate area. The key characteristic is the contrast between its modest 660 sqft living space—which is notably smaller than most local and city-wide averages—and its assessed value of $272,000, which sits above average for the street. This suggests the value is anchored in the desirable Munroe West neighbourhood and the 3,277 sqft lot, which, while below average in size for the area, still offers potential outdoor space.
Its primary appeal lies in being a relatively more affordable entry point into a well-established neighbourhood. It suits first-time buyers or downsizers who prioritize location over square footage and are comfortable with a cozy footprint. It could also attract an investor or handy buyer looking for a property where the value is in the land and location, seeing the smaller house as a candidate for future expansion or renovation, subject to local regulations.
Section 2: Frequently Asked Questions
1. Why is the assessed value above average on the street when the house is smaller than average?
This typically indicates that the assessed value is heavily influenced by the lot and the desirability of the Munroe West location, rather than the size or condition of the dwelling itself.
2. How recent is the sale price data shown?
The most recent sale data available is from January 2022, with a recorded price range of $250,000–$300,000. You can request precise historical figures via the email lookup service provided on the site.
3. What does the "below average" living area ranking mean for daily life?
With 660 sqft, the home's layout will be compact. Buyers should be prepared for limited storage space and consider if the floorplan efficiently accommodates their needs for living, sleeping, and storage.
4. Is the 1954 build year a concern?
While newer than many neighbouring homes, a 72-year-old house will still require a diligent inspection. Potential buyers should budget for updates to aging components like plumbing, electrical, windows, and the roof, common for houses of this era.
5. How does the lot size compare, and what are the implications?
At 3,277 sqft, the lot is smaller than most on the street and in the area. This means a smaller yard but potentially less maintenance. It’s important to verify zoning bylaws to understand what kinds of additions or outbuildings might be permitted if future expansion is a consideration.