Property Summary: 54 Barrington Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a specific value proposition centered on its lot and location within Winnipeg's Norberry neighbourhood. Built in 1927, it is a character property with a compact 749 sqft interior, significantly smaller than area averages. Its primary physical asset is the 4,823 sqft lot, which is more generous than many on its street and closer to the city-wide norm, offering potential for outdoor space or future expansion relative to its immediate surroundings.
The appeal lies squarely in its position as an accessible entry point into the market. With an assessed value notably below local and city averages, it suits budget-conscious buyers, such as first-time homeowners or investors looking for a lower-cost holding with land value. Its value is primarily in the land and location rather than the size or modern condition of the existing structure. A thoughtful perspective for a buyer would be to view this not as a move-in-ready forever home, but as a strategic foothold—a property where the equity is in the dirt and the opportunity lies in what could be, whether through renovation, addition, or long-term holding in a stable area.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the averages shown?
The assessed value reflects the property's specific attributes, primarily its smaller living area and older age compared to most homes in the comparison groups. The value is driven more by its lot size and location than by the current structure.
2. What does the "rank" and "top X%" information mean?
These metrics show how this property compares to similar homes in three areas: its immediate street, the broader Norberry area, and city-wide. For example, a "Top 93%" rank for Living Area means the home is smaller than approximately 93% of comparable homes on its street, indicating it is among the more compact properties in that group.
3. Is the lot size a positive feature?
Yes, relatively. While below the Norberry average, the lot is larger than many on Barrington Avenue and is closer to the city-wide average. This larger lot-for-the-street is a key asset, offering more outdoor space and potential than neighbouring properties might.
4. How reliable is the sold price data from 2019?
The sold price range provided is based on publicly available data, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email, as industry rules prevent the display of MLS records here.
5. What type of maintenance should be anticipated given the age?
Built in 1927, the home is nearly a century old. Prospective buyers should budget for and prioritize inspections focused on aging core systems like plumbing, electrical, and the foundation, which may require updates or significant maintenance.