Property Overview: 16 Oustic Avenue W, Norberry, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition in Winnipeg’s Norberry neighbourhood. Built in 1922, its key characteristic is its modest, efficient scale: at 1,008 sq ft, it offers more living space than many immediate neighbours but is cozier than the citywide average. The lot is notably compact at 2,704 sq ft, the smallest on its street. These factors contribute to its assessed value of $223k, which sits below average for the area and city.
The appeal lies in its affordability and potential. It represents a lower-than-average entry point into a stable neighbourhood, suited for first-time buyers, downsizers, or investors seeking a manageable property. Its smaller lot means less maintenance, which could be a draw for those seeking a simpler lifestyle. A thoughtful perspective is that while older, a 1922 home may possess character and solid construction often not found in later builds, though this comes with the expectation of ongoing upkeep. It’s ideal for a practical buyer who prioritizes location and budget over size, and who sees a smaller footprint as a feature, not a drawback.
Section 2: Frequently Asked Questions
1. Why is the assessed value lower than the neighbourhood average?
The assessed value reflects specific property attributes, primarily the home’s age (104 years), its compact lot size (the smallest on the street), and its modest square footage compared to the broader area. This results in a valuation that is below the average for Norberry.
2. What does the sold price range (CA$200k–250k) indicate?
The recent sale within this range suggests the market price aligned closely with the lower assessed value, confirming its position as a more affordable option in the area. For exact sold figures, a manual lookup can be requested.
3. Is the smaller lot a significant disadvantage?
It depends on your priorities. It limits expansion possibilities and outdoor space but significantly reduces yard maintenance and related costs. For some, this is a worthwhile trade-off for the lower price point.
4. How does the living space compare practically?
At 1,008 sq ft, it is larger than other homes on Oustic Avenue W but smaller than the Winnipeg average. It likely offers five main rooms, suitable for a small family, a couple, or an individual.
5. What should I consider about a home built in 1922?
While offering potential charm, a home of this age requires a proactive approach to maintenance. Buyers should budget for updates to older systems (like plumbing or wiring) and ensure a thorough inspection is completed to understand the home’s condition.