Property Overview: 470 Sydney Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 470 Sydney Avenue in Munroe West is a classic, post-war bungalow built in 1950. With 744 sqft of living space, it is a compact and manageable property, notably smaller than average for both the immediate street and the wider city. Its assessed value of $253k is very typical for Sydney Avenue and the Munroe West area, positioning it as an accessible entry point into the Winnipeg market.
The primary appeal lies in its balance and potential. The lot size of 4,419 sqft is generous for the neighbourhood, offering valuable outdoor space or future expansion possibilities that many newer, denser developments lack. While the home itself is modest in size, its construction date is actually newer than many on its street, which may suggest fewer concerns with some aging infrastructure common to the era. This property suits first-time buyers, downsizers, or practical investors looking for a solid footing in a stable neighbourhood without a premium price tag. It represents a "value-average" proposition: you’re purchasing a larger-than-average lot with a smaller-than-average home, making it a candidate for those comfortable with a home that may require updates or who prioritize land over finished living space.
Section 2: Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold between $250k-$300k in late 2024. The assessed value of $253k falls squarely within that range, indicating the assessment closely aligned with market value at that time.
2. Is the living area too small?
At 744 sqft, the living area is below average for the area. This suits buyers seeking low-maintenance, efficient living but may feel cramped for those needing multiple dedicated rooms or extensive storage. The generous lot size partially offsets this by providing expandable space.
3. What does the "above average" year built ranking mean?
Built in 1950, this home is newer than many on Sydney Avenue (where the average build year is 1939). This relative newness for the street could imply updated building practices for its time, but it remains a 76-year-old home where systems like plumbing, wiring, and the roof will require careful inspection.
4. How does this property’s value hold up across Winnipeg?
City-wide, its assessed value is below the Winnipeg average ($390k), and its living area is significantly smaller than the city norm. This highlights its position as a competitively priced, smaller home option within the broader market.
5. Where can I get verified sale history and exact figures?
The site’s data is compiled from public records, not the MLS. For fully verified transaction history and exact sale prices, you must request a manual lookup via email from the service provider.