Property Overview
463 Neil Avenue is a well-situated home in Winnipeg's Munroe West neighbourhood. Built in 1955, it offers 960 sqft of living space on a generous 7,744 sqft lot, with a current assessed value of $327,000.
Key Characteristics & Appeal
This home presents a compelling mix of space, value, and location. Its primary appeal lies in the substantial lot size, which is in the top 3% for the Munroe West area, offering significant outdoor potential rarely found in the city. While the living space is modest and below the citywide average, the property's assessed value ranks in the top 10% for the neighbourhood, suggesting it is viewed as a solid asset within its immediate community.
The home would suit practical buyers who prioritize land over square footage, such as those looking for garden space, expansion potential, or simply a more private yard. It’s also a fit for value-conscious purchasers seeking a home with a strong assessment relative to its area, indicating good standing for future resale. A less obvious perspective is that, for a 1955 build, it is a notably newer construction compared to most homes on its street (top 4%), which may imply updates over the years or potentially fewer concerns associated with very aged infrastructure.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a standout feature at 7,744 sqft. It is significantly larger than the Munroe West area average (~4,815 sqft) and above the citywide average, offering ample outdoor space.
2. Is the assessed value high for the neighbourhood?
Yes. With an assessed value of $327,000, this property ranks in the top 10% for Munroe West, where the average is about $273,500. This indicates it is assessed higher than most comparable homes in the immediate area.
3. When was it last sold, and for how much?
Public records indicate it sold between June 2016, with a price in the range of CA$250,000–$300,000. For verified, exact historical sale figures, a manual lookup can be requested.
4. How does the living space compare?
At 960 sqft, the living area is slightly above the Munroe West average but below the average for the city of Winnipeg. It offers a compact footprint relative to the large lot size.
5. What does the "Elite" ranking for Year Built mean?
On Neil Avenue, where many homes are older (average year built 1948), this 1955 construction is among the newest, ranking in the top 4%. This is relative only to its immediate street and does not necessarily reflect the home's condition or update status.