Property Overview: 28 Oustic Avenue W, Norberry, Winnipeg
Key Characteristics & Appeal
This home is defined by its practicality and position as a more accessible entry point into the Winnipeg market. Built in 1919, it is notably the oldest house on its street, offering classic character. With 753 sqft of living space and a 2,722 sqft lot, its scale is modest, consistently ranking below average in size compared to immediate neighbors, the wider Norberry area, and the city overall.
The primary appeal lies in its value. With a $200k assessed value, it sits well below the average for its street ($283.6k), area ($332k), and city ($390.1k). This creates a lower property tax burden and represents a chance to secure a detached home with land at a relatively accessible price point. Its recent sale in August 2024 within the $250k-$300k range confirms this market position.
This property would best suit first-time buyers or pragmatic investors seeking a straightforward, lower-cost footprint. It’s for those who prioritize financial efficiency over space and see potential in a well-located, classic home that doesn’t command a premium for size or modern features. A thoughtful perspective is that its age and smaller scale could mean simpler, more affordable updates tailored to essential needs, rather than costly overhauls of a larger, more complex property.
Frequently Asked Questions
1. Why is the assessed value so much lower than the averages?
The assessed value reflects the home’s smaller size, older age, and more modest lot dimensions relative to comparable properties. This results in a lower municipal assessment, which typically correlates with lower property taxes.
2. What does it mean that this is the oldest home on the street?
Built in 1919, it suggests a house with potential character but also indicates that major systems (like plumbing, electrical, or the foundation) may be older and should be carefully inspected. It often means the home has been maintained and updated over many decades.
3. How reliable are the sold price ranges shown?
The sold price ranges are based on publicly available data, not the MLS. They provide a reasonable estimate, but for fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
4. Is the smaller lot size a disadvantage?
While below average in size, the 2,722 sqft lot requires less maintenance and can be more manageable. It may limit expansion possibilities but could be sufficient for a garden, patio, or parking.
5. Who would this property not be suitable for?
It likely wouldn’t suit buyers looking for a move-in-ready, modern open-concept layout or those needing multiple bedrooms and ample living space. The smaller square footage and older layout require a willingness to live compactly or consider future renovations.