Property Overview: 486 Neil Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a compelling value proposition centered on its generous lot size and established neighborhood. Built in 1954, the 1,068 sqft house sits on an 8,022 sqft property—a standout feature that places it in the top 2% of lots in the Munroe West area. This significant outdoor space is its most distinctive asset, offering rare potential for expansion, gardening, or recreation within the city.
The home’s assessed value of $328,000 is notably above average for Munroe West (top 10%), suggesting solid inherent value and a desirable location, while the living area is comfortably sized for the immediate area. Its appeal lies in this balance: it’s a property with a city-sized house on a much larger-than-city-average parcel of land. It would suit a buyer looking for a solid starter or retirement home in a mature neighborhood who prioritizes outdoor space over a massive interior, or a long-term investor who values the future potential that a large lot affords.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg properties?
The lot is significantly larger than average. At over 8,000 sqft, it ranks in the top 11% city-wide and is more than 1,500 sqft larger than the city average lot.
2. The home was last sold in 2016. What was the exact sale price?
The public data shows a sale price in the CA$250,000–$300,000 range for October 2016. For fully verified and exact historical sale figures, a manual lookup can be requested directly from the site.
3. Is the living area smaller than other homes on Neil Avenue?
At 1,068 sqft, it is slightly below the average for Neil Avenue (1,136 sqft) but is actually above the average home size for the broader Munroe West neighborhood.
4. What does the "Elite" ranking for the land area mean?
This indicates the property’s lot size is in the top 2% when compared to over 1,100 similar homes in the Munroe West area, making it an exceptionally large lot for that specific community.
5. The assessed value seems high for the neighborhood. Why?
While the assessed value is above the Munroe West average, it is closely aligned with the average value on Neil Avenue itself. This suggests the specific street or block may command a premium, potentially due to lot sizes, streetscape, or other localized factors.