Property Overview: 27 Oustic Avenue W, Norberry, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, 672 sqft bungalow built in 1954 on a 3,642 sqft lot in Winnipeg's Norberry neighbourhood. The key data reveals a home that is consistently below average in size, lot dimensions, and assessed value ($213k) when compared to its immediate street, the wider Norberry area, and the city as a whole. This positioning is central to its appeal: it represents a genuine entry point into the market.
Its primary suitability is for first-time homebuyers, downsizers, or investors seeking an affordable, low-maintenance property. The appeal lies in its lower financial barrier to entry and the potential it offers. For a buyer comfortable with cosmetic updates, it presents a canvas to add value. For an investor, the below-average assessment could signal a stable, lower-cost holding. A thoughtful perspective is that its smaller scale and older vintage might also suit someone seeking a simpler, more manageable footprint without the premium price of a renovated or larger home, provided they are prepared for the realities of a 72-year-old structure.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than area averages?
The assessed value reflects the home's smaller size (both living area and lot) and older age compared to most homes in Norberry and across Winnipeg. It is priced as a baseline property in the area.
2. What does the "Top 81%" ranking for Living Area on its street mean?
It means that 81% of comparable homes on Oustic Avenue W have a larger living area. Only 19% are smaller. This confirms the home is on the more compact end, even for its own street.
3. Is this a good candidate for a renovation or expansion?
Potentially. The lot, while below average for the area, may allow for some expansion subject to zoning. The lower initial cost could leave room in a budget for improvements, but a thorough inspection is crucial given the home's age.
4. How reliable is the sold price data shown?
The site notes that sold price data is from public sources, not the MLS, and is presented in a range. For fully verified and exact historical sale figures, you must request a manual lookup via email from the service.
5. What are the main considerations for a buyer of this home?
A buyer should prioritize a detailed home inspection due to the home's age, budget for potential updates to mechanical systems or cosmetics, and appreciate that they are purchasing a smaller, more affordable property in a neighbourhood where most homes are larger and more valuable.