Property Overview: 131 Normand Park Drive, Winnipeg
Key Characteristics & Appeal
This home at 131 Normand Park Drive presents a compelling value proposition rooted in its space and city-wide standing. Built in 1989, it is a well-established property in the Normand Park neighbourhood. With 2,108 sqft of living area and a 6,312 sqft lot, it offers substantial room for a family. The data reveals its primary appeal: while its assessed value of $504k is below the average for its immediate street and area, it ranks within the top 19% city-wide for value and the top 8% for living space. This indicates you are acquiring a larger-than-average Winnipeg home for a relatively efficient investment compared to the broader market.
The property would suit practical buyers looking for space without a premium price tag for a specific, high-demand micro-location. It’s ideal for those who prioritize the utility of the house itself—good square footage and a generous lot—over having the most expensive home on the block. A thoughtful perspective is that this could represent a sensible entry into a stable area, offering the potential to add value through updates over time, rather than paying upfront for a fully modernized or top-tier street premium.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home sold in June 2019 for between $450k and $500k. The current assessed value of $504k suggests a stable or moderately appreciating market value since that time.
2. Is the house older or newer than most in Winnipeg?
Built in 1989, this home is newer than the average Winnipeg house (average year built ~1966), placing it in the top 23% city-wide by age. On its own street and in Normand Park, its age is very typical.
3. What does the "below average" value ranking for the street mean?
This means the home’s assessed value is lower than many of its direct neighbours. This isn’t necessarily negative; it can indicate a more affordable entry point into the street, possibly due to factors like the home’s specific condition, layout, or original features that haven’t been renovated.
4. How accurate is the sold price data?
The provided sold price is based on publicly available data, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup via email from the site.
5. Where can I see this property in context with its neighbours?
You can use the site’s neighbourhood analysis page to view the home on a map and compare its year built, living area, assessed value, and lot size directly against nearby houses.