Property Overview: 327 Avalon Road, Winnipeg

Key Characteristics & Appeal

This home stands out for its exceptional lot size and spacious living area within its Minnetonka neighbourhood and across Winnipeg. Built in 1978, the 2,101 sqft residence sits on a 21,897 sqft lot (approximately half an acre), which ranks in the top 1-3% of comparable properties locally and city-wide. This generous outdoor space is its most defining asset, offering rare potential for expansion, gardening, or recreation. The living area is also notably larger than most peers, placing in the top 5% on its street. With an assessed value of $62,600, the property holds a high-value position relative to its immediate area.

The appeal lies in securing a property where the land itself is a premium and increasingly scarce commodity. It suits a buyer looking for space and future potential over a brand-new build. This could be a growing family seeking room for a playset or pool, someone with hobbies requiring workshop or outdoor space, or a long-term investor who understands that land value is a key driver of appreciation. The home’s above-average size and newer construction date for the area suggest a well-situated, comfortable dwelling on a truly standout parcel of land.

Frequently Asked Questions

1. Why is the assessed value so much lower than the last sold price range of $500k-$550k?
Municipal assessed value for tax purposes is not a market valuation. It is often significantly lower than current market value, especially in a rising market. The assessment indicates the property is valued highly relative to its neighbours, which is the more relevant point of comparison here.

2. What does the "Elite" ranking for Land Area actually mean?
It means the lot size is larger than 97-99% of comparable properties in its immediate area, neighbourhood, and the entire city. On Avalon Road, only three homes have larger lots. This is an unusually private and sizable property for an established neighbourhood.

3. The home was last sold in 2022. What might have changed since then?
While the core attributes (lot size, living area) are unchanged, any updates, renovations, or changes to the property’s condition since 2022 would not be reflected in this statistical data. This highlights the importance of a current interior viewing.

4. How should I interpret the "above average" Year Built ranking?
Built in 1978, this home is newer than most on its street and in Minnetonka. This suggests potentially fewer immediate major system updates (like roof or furnace) compared to older area homes, but a professional inspection for a 48-year-old home remains essential.

5. Who benefits most from the detailed neighbourhood comparisons provided?
These comparisons are particularly useful for analytical buyers or investors. They concretely show you are not just buying a house, but acquiring a property that outperforms its peers on key metrics—especially land—which can be a strong factor for long-term value retention and livability.