14 Oustic Avenue W

Property Overview: 14 Oustic Avenue W, Norberry, Winnipeg

Section 1: Key Characteristics & Appeal

This 856 sqft bungalow, built in 1973, presents a practical and straightforward opportunity in the Norberry neighbourhood. Its key appeal lies in its relative value and manageable scale. With an assessed value of $321,000, it sits above the average for its immediate street, indicating a perceived quality or condition advantage over its closest neighbours. The home is notably newer than most in the broader Norberry area, which may suggest fewer concerns with aging infrastructure common in older builds.

The lot size of 3,629 sqft is compact compared to area norms, which translates to lower maintenance—a significant consideration for downsizers or those seeking a simpler yard. The living space is efficient, suitable for individuals, couples, or small families who prioritize location and affordability over square footage.

This property would best suit first-time buyers looking for an entry point into the market, practical downsizers seeking a single-level home with less upkeep, or value-focused investors. Its appeal is grounded in being a newer home on its block with a solid assessment, offering a move-in-ready base in a mature community without the premium price tag of a larger lot or extensive floor plan.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to likely market value?
While the assessed value of $321k is for municipal tax purposes, it’s a useful benchmark. Being above the street average but around the neighbourhood average suggests the property is in line with local norms. Market value can be influenced by current condition, updates, and market trends, so a professional appraisal is recommended.

2. What are the implications of the smaller lot size?
The lot is smaller than most in Norberry and city-wide. This typically means less exterior maintenance, lower landscaping costs, and potentially lower property taxes. It may limit expansion possibilities but is ideal for those who prefer a low-maintenance yard.

3. The home is newer than many in the area. What are the potential benefits?
A 1973 build is more recent than the neighbourhood average (1952). This can mean updated electrical wiring, plumbing, and insulation standards from the era, potentially resulting in lower immediate renovation needs and improved energy efficiency compared to much older homes.

4. Is the living area sufficient for a small family?
At 856 sqft, the home is below the area average. It offers efficient, compact living. It would suit a small family comfortable with cozy spaces or could serve as a strategic starter home with potential to build equity before moving to a larger property.

5. Where can I find verified historical sale price data?
The listed sold price range is based on public data. For fully verified and exact transaction history, you must request a manual lookup from the site via email, as this information is not sourced from the MLS system displayed here.