Property Overview
38 Barrington Avenue is a compact, 636 sqft bungalow built in 1942, situated on a 3,641 sqft lot in Winnipeg's Norberry neighbourhood. With an assessed value of $238k, it presents a notably affordable entry point into home ownership. The data indicates it ranks below average in size, lot dimensions, and value compared to homes on its street, in Norberry, and across the city. Its most recent sale occurred in May 2024 within the $250k-$300k range.
Key Characteristics & Appeal
This home’s primary appeal is its affordability and simplicity. It suits first-time buyers, downsizers, or investors seeking a low-cost entry into the market with minimal financial overhead. The below-average taxes associated with its assessment are a practical advantage.
Its compact size offers a manageable footprint for those seeking a minimalist lifestyle or a low-maintenance property. While the lot is smaller than most in the area, it still provides outdoor space without the burden of extensive upkeep. The home’s age (84 years) suggests potential for character, but also implies that value may be found more in the land and location than in the structure itself. A thoughtful perspective is that this property represents a strategic "foot in the door" for building equity in a stable neighbourhood, rather than a move-in-ready dream home. It’s a practical canvas for a buyer comfortable with gradual updates.
Frequently Asked Questions
1. Why is the assessed value significantly lower than area averages?
The assessed value reflects the home's smaller size (636 sqft), older age, and modest lot dimensions compared to neighbouring properties. It is priced as a basic, no-frills property in the area.
2. What type of buyer is this home best suited for?
It is ideally suited for budget-conscious first-time buyers, investors looking for a rental property, or empty-nesters seeking to downsize into a single-level, manageable home without a large mortgage.
3. Given its age, what should I be concerned about?
Prospective buyers should budget for and prioritize inspections for major aging systems, such as the roof, foundation, plumbing, and electrical. The 1942 build date means some systems may be at or beyond their typical lifespan.
4. How does the lot size impact its potential?
At 3,641 sqft, the lot is smaller than most in Norberry. This limits possibilities for large additions or detached structures but does allow for a modest yard and garden with less maintenance.
5. How reliable are the provided sold price ranges?
The sold price ranges are based on publicly available data, not the MLS. For fully verified and exact sale figures, you must request a manual lookup via email from the site, as industry rules prevent displaying official MLS records here.