Property Overview: 864 St Mary's Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home in Norberry presents a compelling mix of space, value, and vintage character. Its primary strength is its generous living area of 1,855 sq ft, which ranks in the top 4% for size within the neighbourhood, offering significantly more room than most local homes. This is paired with an assessed value that is above average for Norberry, suggesting a potentially favorable value proposition for the amount of interior space you acquire.
The appeal lies in this balance: you get a spacious, well-sized home in a mature community without the premium price tag often found in newer, similarly sized properties. The trade-off is the home’s age, built in 1922, which means charm and established surroundings come with the expectation of maintenance and potential updates. The lot is modest for the street but typical for the wider city.
This property would best suit a practical buyer who prioritizes interior space over a new build or a large yard. It’s ideal for someone comfortable with the character and upkeep of a century-old home, possibly a growing family or a value-conscious purchaser looking for a long-term home in a settled area. It’s less suited for those seeking a modern, move-in-ready property or extensive outdoor space.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $410k is for municipal tax purposes. Market conditions ultimately determine sale price, but its ranking suggests it’s valued higher than many area homes, likely due to its larger living area.
2. What are the implications of the home being built in 1922?
While offering classic charm and sturdy construction, a home of this age will likely have older mechanical systems (like plumbing and wiring), windows, and insulation. A thorough inspection is essential to understand the condition and any needed updates.
3. The lot size seems small compared to others on St. Mary's Road. Why?
The data shows lot sizes on this street vary dramatically, with an average over 76,000 sq ft, suggesting the presence of some very large properties. At 4,228 sq ft, this lot is more aligned with typical city and neighbourhood standards, indicating it's likely a standard residential plot on a street with a few exceptional, oversized lots.
4. How does the prior sale price (2021) relate to today’s value?
The home sold for between $400k-$450k in late 2021. This provides a historical benchmark, but current market trends, any improvements made since then, and present-day buyer demand will dictate its current market value.
5. Where can I get verified, exact sale price data for this home?
The site provides sold price ranges based on public data. For fully verified and exact transaction figures, you must request a manual lookup via email, as this information is not sourced from the MLS system.