Property Summary: 20 Hastings Boulevard, Winnipeg
Section 1: Key Characteristics & Appeal
This Norberry home is a compact, 792 sqft bungalow built in 1946, situated on a roughly 5,000 sqft lot. Its key characteristic is its position as a value-oriented entry point into the Winnipeg market. The home's assessed value of $230k is notably below average for its street, neighborhood, and the wider city, which directly translates to lower property taxes. This creates a distinct appeal for budget-conscious buyers seeking homeownership with manageable ongoing costs.
The property would suit first-time buyers, downsizers looking to free up equity, or pragmatic investors seeking a rental property with a lower initial outlay. Its smaller size and lot offer reduced maintenance, a potential perk for those wanting a simpler footprint. A thoughtful perspective is that while the living space is modest, the lot size is relatively standard city-wide, offering balanced outdoor space without excessive upkeep. The home's age is typical for the well-established Norberry area, suggesting it's part of a stable, mature community rather than an outlier.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes?
The assessed value is based on factors including the home's smaller square footage, older age, and specific market conditions. A lower assessment typically results in lower municipal property taxes, which is a financial advantage for the owner.
2. Is the smaller living area a major drawback?
It depends on your needs. For individuals, couples, or those downsizing, 792 sqft can be efficient and sufficient. It implies lower utility costs and less space to furnish and maintain. For larger families, it would likely feel cramped.
3. What does the sold price range (CA$200k–250k) from 2024 tell us?
It confirms the home transacted at or below its assessed value, reinforcing its position as a below-market-price property. This recent sale provides a concrete benchmark for its current market value.
4. How does the lot size compare?
At 4,939 sqft, the lot is smaller than most on its street but is close to the Winnipeg city average. This means you have a standard city yard for gardening or recreation, but not an unusually large or high-maintenance piece of land.
5. How can I get the exact historical sold prices?
The site does not display MLS sold data due to industry rules. You can request the exact sold price history via email from the site administrators, who will provide the verified figures manually.