Property Overview: 19 Norberry Drive, Winnipeg
Key Characteristics & Appeal
This home presents a specific value proposition centered on its lot and location. At 642 sq ft, the living space is notably compact, ranking in the bottom 11% for the city. This makes it one of the smallest homes on its street and in the broader Norberry area. The assessed value of $255k, however, is much closer to the middle of the pack locally, suggesting the value lies elsewhere.
The primary appeal is likely the 5,419 sq ft lot, which is a generous, standard city size. For a home of this smaller scale, the yard offers significant outdoor potential relative to the indoor footprint. Built in 1944, the property is typical for its immediate neighbourhood but is an older structure, so condition and updates will be key. The data indicates you are purchasing a larger-than-average lot with a modest, vintage home on it, at a price point that is relatively accessible for the area. This would suit a pragmatic first-time buyer, a downsizer seeking minimal indoor maintenance, or an investor looking for a land-value play with a rentable structure. Its appeal is for those who prioritize yard space and location over interior square footage.
Frequently Asked Questions
1. Why is the assessed value relatively average when the house is so small?
The assessed value reflects both the building and the land. The lot size is standard and desirable for the city, which supports the valuation even though the living area is below average.
2. What should I consider regarding the age of the home?
Built in 1944, the core systems (plumbing, electrical, roof, insulation) may be older or have been updated over time. A thorough inspection is essential to understand the condition and anticipate any needed investments in maintenance or modernization.
3. How does the sold price history help determine market value?
The home sold between $200k-$250k in late 2017. This provides a historical benchmark, but current market value will be driven by today's market conditions, the property's present state, and recent sales of comparable homes.
4. Is the smaller living area a disadvantage?
It depends on your needs. It requires efficient use of space and is best for those comfortable with a cozy layout. The trade-off is potentially lower utility costs and less space to maintain, with the benefit of a larger yard.
5. How can I get the exact past sold prices for this home?
The site provides estimated price ranges. For fully verified and exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system available to the public.