Property Overview: 563 Neil Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 563 Neil Avenue in the Munroe West neighbourhood presents a compelling mix of space, vintage, and value. Built in 1955, it is notably newer than most homes on its street and in the immediate area, which may suggest updated infrastructure or a different architectural style compared to its pre-war neighbours.

The primary appeal lies in its generous 7,272 sqft lot, which ranks in the top 5% for land size within Munroe West. This offers significant outdoor space and potential not commonly found in the area. With 1,077 sqft of living area, the home provides above-average interior space for the neighbourhood, comfortably sized for a small family or those wanting room to grow.

The assessed value of $293,000 sits below the average for its street and the city overall, positioning it as a value-conscious entry into a well-established area. This profile would suit first-time buyers or practical investors seeking a home with a larger yard, without the premium price tag of a newer build. It’s also a fit for buyers who appreciate a home with a mid-century foundation that may offer more modern livability than much older stock in the area.

Section 2: Frequently Asked Questions

1. How does the sold price compare to the assessed value?
The home sold between $300,000 and $350,000 in September 2023. This sale price range aligns closely with its current assessed value of $293,000, indicating the assessment is in line with recent market activity.

2. Is the lot size a typical feature for this area?
No, it is a standout feature. The lot is over 7,200 sqft, placing it in the elite top 5% for lot size within Munroe West, where the average is about 4,815 sqft. This is a significant advantage for privacy, gardening, or future expansion.

3. The home was built in 1955. What does that mean compared to others nearby?
It is a relatively newer home for the context. On Neil Avenue, it ranks in the top 4%, as most comparable homes average a 1948 build year. This can often, though not always, correlate with different construction materials, floor plan styles, or less need for major foundational updates.

4. How does the living space compare to other homes?
At 1,077 sqft, it offers above-average living space for Munroe West, but is slightly below the average for homes on Neil Avenue itself. This suggests the home may feel more spacious than many in the broader neighbourhood but is typical for its specific street.

5. Where can I get verified historical data or exact past sale prices?
The site notes that exact sold prices require a manual lookup. You can request this information directly via email through their system, as publicly displayed data is presented in broad price bands for non-registered users.