Property Overview: 354 Sydney Avenue, Winnipeg

Key Characteristics & Appeal

This home at 354 Sydney Avenue in Munroe West presents a practical and straightforward opportunity in the Winnipeg market. Built in 1946, it’s an 817 sqft house on a generous 4,274 sqft lot, with a municipal assessed value of $252,000.

Its primary appeal lies in its positional value within its immediate context. The home is consistently "around average" when compared directly to its neighbours on Sydney Avenue and within the Munroe West area for size, value, and age. This suggests a stable, established setting without extreme outliers. The lot size is notably above average for the street, offering more outdoor space than many nearby properties. A less obvious perspective is that a home ranking solidly in the middle of its local pack can represent a lower-risk, predictable entry point into a neighbourhood, avoiding the premium for top-tier properties or the potential issues of the lowest-ranked ones.

It last sold between $300,000 and $350,000 in May 2021, a price that placed it in the top 5% of sales on its street at the time, indicating strong past buyer interest.

This property would best suit first-time buyers or practical investors looking for a manageable-sized home in a mature neighbourhood. It’s for those who prioritize a larger yard and neighbourhood consistency over a modern, large interior, and who are prepared for the maintenance or updates typical of an 80-year-old house.

Frequently Asked Questions

1. How does this home really compare to others nearby?
The data shows it is very typical for Munroe West. Its living space, assessed value, and age all rank between the 60th and 70th percentile in the local area, meaning it’s comparable to most homes around it. Its lot size is a positive standout locally, ranking in the top 38% on its own street.

2. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value of $252k is for municipal tax purposes. The home’s last sold price in 2021 ($300k-$350k) was significantly higher, placing it in the top tier of street sales at that time. Market conditions, property condition, and updates since then will determine the current market value.

3. What should I consider about a house built in 1946?
Expect character and potential need for updates. Key systems like wiring, plumbing, insulation, and the roof may have been upgraded over time or may require attention. A thorough home inspection is essential to understand the condition and any upcoming maintenance costs.

4. The lot seems large. What are the possibilities?
The lot is over 4,200 sqft, which is sizable for the area. This allows for ample private yard space, gardening, or recreational areas. It also presents potential for future expansion (subject to zoning and permit approvals) or simply offers more breathing room than newer, denser subdivisions.

5. How can I find out the exact historical sold prices?
The provided sold price is an estimated range. Due to industry regulations, exact MLS sale figures are not published on this site. You can request the full, verified transaction history by using the "Request exact figures by email" link on the property page, and the information will be provided directly to you.