Property Overview: 119 Normand Park Drive
This home presents a compelling opportunity for buyers seeking well-proportioned space in a mature Winnipeg neighbourhood. Built in 1988, it offers 2,157 square feet of living area on a 6,307 square foot lot, with a municipal assessed value of $531,000. The true appeal of this property is revealed through its context. While its size and value are fairly typical for its immediate street and the broader Normand Park area, it stands out significantly when viewed city-wide. Its living space is well above the Winnipeg average, placing it in the top 7% of homes. Similarly, its assessed value sits in the top 15% citywide, suggesting a substantial level of amenity or finish for its price point compared to the broader market.
The home would suit practical buyers who value space and established communities over brand-new construction. It’s ideal for someone looking for a home larger than the city norm without necessarily being in the most expensive neighbourhood. A thoughtful perspective is that this property may offer a "value density" – more house for your dollar compared to the city average, within a neighbourhood where it isn’t the highest-priced home on the block. Its recent sale in late 2023 also provides a clear, modern benchmark for its market value.
Frequently Asked Questions
1. How does this home really compare to others in Winnipeg?
The data shows it is a substantially larger and higher-valued property than the typical Winnipeg home. Its living area is in the top 7% and its assessed value is in the top 15% citywide, meaning it offers more space than over 90% of homes in the city.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value is for municipal tax purposes and is not a direct market appraisal. However, the home sold for between $500,000 and $550,000 in September 2023, which aligns closely with the current $531,000 assessment, suggesting it is a relevant benchmark.
3. The home was built in 1988. What should I consider?
Homes of this age often have well-established landscaping and may have seen key system updates (like roof, windows, or furnace). A pre-purchase inspection is crucial to understand the condition of these components and plan for any modernizations.
4. The lot size seems smaller than some neighbours. Is that a concern?
At over 6,300 sq. ft., the lot is still above the city-wide average. While some homes on the street have larger lots, this size is very typical for the area and likely provides a balanced yard space that is manageable without sacrificing privacy.
5. How can I find out the exact past sale price?
The site provides sold price ranges for general research. To obtain the exact, verified sale price and history, you must request it directly via email, as this data is not displayed publicly due to industry regulations.