Property Overview: 361 Foxdale Avenue, Winnipeg
Key Characteristics & Appeal
This 1970-built home on a large 16,151 sqft lot presents a compelling mix of space, value, and location within Winnipeg’s River East neighborhood. Its primary appeal lies in its exceptional lot size, which ranks in the top 3% of the neighborhood and top 2% city-wide, offering rare potential for expansion, gardening, or outdoor living. While the 1,637 sqft living area is modest compared to others on Foxdale Avenue, it is comfortably above the averages for both River East and the wider city, indicating a well-sized family home for the area.
The assessed value of $531k sits well above neighborhood and city averages, suggesting a premium for the desirable lot and location, yet it remains around the midpoint for the street itself. This positioning makes it an attractive option for buyers seeking a established home in a mature area with room to grow. It would particularly suit practical buyers who value land over sheer interior square footage, such as families looking for backyard space, or long-term owners who see potential in the property’s underlying value and generous grounds.
Frequently Asked Questions
1. How does the home’s size compare to the neighborhood?
The living area of 1,637 sqft is above average for both the River East neighborhood and the city of Winnipeg, but it is on the smaller side compared to other homes directly on Foxdale Avenue.
2. What is the significance of the lot size?
The lot is a major feature. At over 16,000 sqft, it is significantly larger than most properties in Winnipeg, placing it in the elite tier for land area. This allows for more privacy, outdoor space, and potential future development than is typically available.
3. Is the assessed value in line with recent sale prices?
The home sold in May 2024 for an estimated $550k-$600k. This sale price ranked in the top 3% for the neighborhood, confirming that the market values this property well above area averages, likely due to the lot and location.
4. The home was built in 1970. Is it older than most in the area?
Yes, it is slightly older than the average home on its street and in the River East neighborhood. However, it is very close to the average build year for the city of Winnipeg as a whole, representing a typical age for many Winnipeg homes.
5. Who would this property be best suited for?
This home is ideal for buyers who prioritize land and location over having the largest house on the block. It suits those comfortable with a home from the 1970s that may require updates, but who see the value in a premier lot size within a well-established community.