Property Overview: 14 Kenwood Place, Norberry, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 14 Kenwood Place is a classic Norberry property built in 1956, presenting a balanced offering for buyers seeking space and value. Its key characteristic is a generous 8,057 sqft lot, which stands out as above average both city-wide and on its street, offering significant outdoor potential. The 1,040 sqft living area is comfortably in the average range for the neighbourhood, suggesting a manageable size for everyday living. With an assessed value of $350k, it sits around the middle of the pack for the immediate area, indicating a price point that reflects its established setting rather than premium finishes or size.
The appeal lies in this balance: you secure a larger-than-typical city lot in a mature neighbourhood without a premium price tag tied to an oversized house. It’s a property where the land is the standout feature. The home itself, being older, may appeal to those who appreciate classic layouts and see potential in updates, or to buyers who prioritize their investment going more toward land than into extensive square footage they may not need.
This property would suit a practical first-time buyer or downsizer looking for a solid foundation in a quiet area, where a spacious yard for gardening, pets, or future expansion is a priority. It’s less suited for someone seeking a modern, turn-key home or maximum interior space, as the living area is modest relative to the lot size.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $350k is for municipal tax purposes and is a starting point. The final sale price will be determined by the current market, condition of the home, and buyer demand. Its position around the neighbourhood average suggests it is priced consistently with the area.
2. What are the implications of the home being built in 1956?
As a home from the 1950s, buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, which may be nearing the end of their service life. A thorough home inspection is essential. On a positive note, it was built in a period known for solid construction and is actually newer than many homes on its street and in Norberry.
3. The lot is large, but what is it like?
At over 8,000 sqft, the lot is a significant asset. It’s important to view the property to understand its topography (flat or sloped), sun exposure, and how much of it is usable yard space versus taken up by the home’s footprint, driveway, or mature trees.
4. The home last sold in 2016. What can that tell me?
The previous sale (between $250k-$300k) eight years ago indicates the owners have likely held the property for a meaningful period. This can sometimes suggest stability and possibly more consistent maintenance, but it doesn’t guarantee updates have been made. It’s a point to discuss with the seller.
5. How does this home compare to others nearby?
The data shows this home offers a larger lot than most on its street and in Winnipeg overall, while the house size and value are very typical for Norberry. This means you’re getting a relative land advantage without paying a disproportionate amount more for the structure itself compared to neighbours.