790 St Mary'S Road

Property Overview: 790 St Mary's Road, Winnipeg

Section 1: Key Characteristics & Appeal

This Norberry home, built in 1927, presents a classic character property with a practical footprint. Its key appeal lies in its position as a relatively affordable entry point into the Winnipeg market, particularly within its immediate area. With 1,029 sqft of living space and a 5,973 sqft lot, the home offers manageable proportions for a first-time buyer, downsizer, or hands-on investor.

The data reveals a nuanced picture: while the home's living area is around average for the Norberry area, its assessed value of $294k sits below the averages for both the street and the wider city. This suggests potential value for a buyer comfortable with a home from the 1920s, likely requiring some updates or maintenance. The lot size is generous for the neighbourhood, offering good outdoor space. Its last known sale was between 2016-2025 for an estimated $200k-$250k, indicating significant assessed value appreciation since then.

This property would best suit a pragmatic buyer who values lot size and location over modern turn-key condition. It’s a candidate for a gradual renovation or for someone seeking lower property taxes relative to nearby homes. The charm of an older home and the opportunity to add value through thoughtful updates are its core attractions.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value of $294k is for municipal tax purposes. Market value is determined by current buyer demand. The fact it's below area averages could make it an attractive listing, but the final price will depend on its condition and the market at the time of sale.

2. What should I consider with a home built in 1927?
While offering charm, a home of this age will likely need attention to older systems. A thorough inspection is essential to evaluate the foundation, plumbing, electrical wiring, and insulation. Budgeting for ongoing maintenance and potential updates is a must.

3. The sold price history shows a range from nearly a decade ago. How useful is that?
It shows a historical price point, confirming the property has appreciated. However, it is not a reliable guide for today's market value, which has changed significantly since 2016. For a current valuation, a comparative market analysis of recent sales is necessary.

4. The lot is noted as larger than many in the city. What are the advantages?
The nearly 6,000 sqft lot provides valuable outdoor space for gardening, recreation, or future additions like a shed or deck. It also offers more privacy and distance from neighbours than newer, denser lots, which is a growing rarity.

5. How do I get the exact past sold price and more details?
The site notes that exact sold prices and full transaction histories are not displayed online due to industry rules. You must request this information directly from them via email for a manual lookup. Public records from the Winnipeg Assessment Department may also provide historical data.