465 Sydney Avenue

Munroe West, Winnipeg

Property score

52.4

Fair

Overall 52.4 · Compared with neighbourhood average

900 sqft (bottom 48%) · Built in 1950 (5 yrs newer than avg)

Located in a above-average income area with median household income of ~72.5k

Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 7 schools, 1 healthcare facility, and 1 shop nearby

Living Area

Near average

6% smaller than neighborhood avg.

Year Built

Near average

5 yrs newer than neighborhood avg.

Mother tongue

English · 78%Tagalog · 2%

Past 10 years Munroe West sales snapshot (~80% of all data)

Sold Count

477

Median price

363.3k

$/sqft

$342/sqft

Avg build year

1945

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Property score

52.4 is composed by the two sections below.

Property Score

42.4Low
Living Area42
900 sqftLow
Year Built30
1950Low
Lot Size53
4,499 sqftFair
Neighbourhood Sales Activity65
Good

Community Score

67.3Good
Household Income74
Good
Education Level44
Low
Housing Stress63
Fair
Core Housing Need76
Good
Employment Health76
Good

Neighbourhood Sales

Munroe West

How to read: Share of sales in each ~$50k price band for “munroe west” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110892

Community deep dive

$73K

Median household income

$83K

Average household income

12%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.8

P90 / P10 ratio

36%

Single-person households

26%

Families with children

Population, labour & age

Population (2021)407
Labour force participation rate72%
Median age38.0
Avg household size2.1
Unemployment rate8%
Population density4070 / km²

Households & income

Low income (LIM-AT, % pop.)12%
Single-person households36%
Couple families with children26%
Median household income (2020)$73K

Housing

Renter households24%
Condominium dwellings0%
Median dwelling value (owners)$250K

Diversity, education & language

Immigrants (share of pop.)22%
Visible minority25%
Bachelor's or higher (25–64)23%
Mother tongue (1st)English · 78%
Mother tongue (2nd)Tagalog · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
900 sqft
0255075100
Same streetTop 44%Same areaBottom 48%CitywideBottom 17%
Same street · Sydney Avenue
#83 / 189
Top 44% · Avg 902 sqft
Same area · Munroe West
#586 / 1,123
Bottom 48% · Avg 958 sqft
Citywide · Winnipeg
#162,141 / 194,458
Bottom 17% · Avg 1,342 sqft

Tax-Assessed Value

above average
281k
0255075100
Same streetTop 20%Same areaTop 46%CitywideBottom 24%
Same street · Sydney Avenue
#37 / 189
Top 20% · Avg 250k
Same area · Munroe West
#516 / 1,123
Top 46% · Avg 273.5k
Citywide · Winnipeg
#147,081 / 194,458
Bottom 24% · Avg 390.1k

Year Built

above average
1950
0255075100
Same streetTop 29%Same areaTop 39%CitywideBottom 28%

Lot Size

above average
4,499 sqft
0255075100
Same streetTop 28%Same areaBottom 37%CitywideBottom 34%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

465 Sydney Avenue — 14 amenities found within 500 m, across 7 categories, including 1 dining (nearest 299 m), 7 education (nearest 295 m), 1 healthcare (nearest 377 m).

Search radius
🍽️Dining1
🏫Education7
🏥Healthcare1
🛒Shopping1
🌳Parks1
Fuel Stations1
Worship2

Crime & Safety

Munroe West · WPS public data · 2026

Annual incidents

26

2026

vs. city avg

-12%

relative to avg

Year-over-year

-88%

vs. prior year

Primary type

Property

65%

Sales History

Sold 11/2021CA$250k–300k
Sold price

Same street

Top 9%

Same area

Top 29%

City-wide

Bottom 36%

Related homes

Highlights & common questions: 465 Sydney Avenue, Winnipeg

Property Overview: 465 Sydney Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 465 Sydney Avenue in Munroe West presents a solid, value-oriented opportunity. Built in 1950, its key appeal lies in its strong positioning within its immediate neighborhood. With 900 sqft of living space, it is very typical for Sydney Avenue and Munroe West. The lot size of 4,499 sqft is notably above average for the street, offering good outdoor space. The assessed value of $281k ranks in the top 20% on its street, suggesting it is viewed as a higher-quality asset on the block compared to its neighbors.

Its primary appeal is for the practical, equity-minded buyer. It suits a first-time homebuyer or an investor looking for a stable property in an established neighborhood where the home stands out positively against direct comparables. A thoughtful perspective is that while the home is below city-wide averages for size and value, it outperforms on its own street—indicating a potential "big fish in a small pond" scenario where the intrinsic value may be more protected from local market fluctuations. It’s a property for someone who prioritizes neighborhood standing and lot size over sheer square footage.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to nearby sales?
Based on available data, the last sold price (in 2021) fell within the $250k-$300k range. That price ranked in the top 9% of sales on Sydney Avenue and the top 29% in Munroe West at the time, indicating a history of strong value retention in the immediate area.

2. Is the living space smaller than a typical Winnipeg home?
Yes. The 900 sqft living area is comfortably average for Munroe West but is below the Winnipeg city-wide average. This is characteristic of many well-established neighborhoods and reflects a more efficient, manageable footprint.

3. What does the above-average assessed value on the street indicate?
An assessed value ($281k) that is above the street average ($250k) often reflects a combination of factors like lot size, condition, and improvements relative to neighbors. It suggests the property is considered one of the more substantial homes on the block, which can be a positive for pride of ownership and stability.

4. How current is the sold price data?
The provided sold price is from late 2021. For fully verified, exact historical transaction figures, you must request a manual lookup via email, as this site does not display proprietary MLS sold records.

5. The home was built in 1950. What should I consider?
While newer than many homes on its street (average year built 1939), a 76-year-old home will likely have had updates. A key inspection focus should be on the condition of major aging components like the roof, foundation, plumbing, and electrical systems, regardless of its relative age in the area.