101 Norquay Street

Property Overview & Key Characteristics

This home at 101 Norquay Street in Winnipeg's McMillan neighbourhood is a character property with a balanced profile. Built in 1905, it offers a generous 2,048 sqft of living space, which is notably above the citywide average. Its assessed value of $340k sits around the middle range for the city and the neighbourhood, but is slightly below the average for Norquay Street itself. The lot size is standard for the immediate street but smaller than typical lots in both McMillan and Winnipeg overall.

The appeal lies in its spacious interior within a well-established, central community. It suits a buyer looking for the character and roominess of an older home without an extreme premium, and who values a location among similar historic properties. A thoughtful perspective is that while the home is older than most in the city, it is typical for its desirable, mature street—this isn't a downside for the right buyer, but a mark of its authentic place in the neighbourhood's fabric. It would particularly suit a practical renovator or a family seeking space who is comfortable with the upkeep of a century-old home and doesn't prioritize a large yard.

Frequently Asked Questions

1. Is the assessed value a reliable guide for the likely selling price?
The assessed value ($340k) is a municipal tax valuation, not a market price. The last known sale was between $300k-$350k in 2016. The current market price will depend on condition, updates, and market trends, so a professional appraisal and comparative market analysis are essential.

2. How does the lot size compare, and what does it mean for me?
At 3,309 sqft, the lot is average for Norquay Street but below the wider neighbourhood and city averages. This typically means a smaller backyard and potentially less outdoor private space than in suburban areas, but also less maintenance. It reflects the denser, historic layout of central Winnipeg neighbourhoods.

3. The home was built in 1905. What should I consider?
While full of character, a 121-year-old home requires careful attention to aging components like wiring, plumbing, insulation, and the foundation. A thorough, specialized home inspection is non-negotiable. The positive trade-off is often higher-quality craftsmanship and spacious rooms not common in newer builds.

4. The living space is above average, but the assessed value is average. What does this indicate?
This can suggest a few things: the home may benefit from modernization, its older systems and style might not be valued as highly in the tax assessment as in the market, or its smaller lot size is a balancing factor. It can represent an opportunity to acquire more interior space for the price, with the understanding that some investment may be needed.

5. What is the neighbourhood like, based on the nearby properties listed?
The listed "worth viewing" properties on Norquay Street, Wilmot Place, and Wellington Crescent are all in McMillan, with similar early-1900s build dates and varying sizes. This indicates a consistent, historic neighbourhood with a mix of well-maintained and potentially renovating properties, appealing to those who appreciate architectural heritage and established streetscapes.