Property Overview: 186 Easy Street, Winnipeg
Key Characteristics & Appeal
This 1,879 sqft home, built in 1987 on a 5,175 sqft lot, presents a compelling value proposition defined by its context. Its primary appeal lies in offering above-average citywide space and value, situated in a mature neighbourhood. With an assessed value of $497,000, it ranks significantly above the Winnipeg average for both living area and value, meaning you get more interior space for your investment compared to most of the city. However, within its own Normand Park area, the home is notably below the local average for assessed value and sits on a smaller-than-typical lot, suggesting it could be a more accessible entry point into the neighbourhood.
The property would suit practical buyers looking for a well-sized family home without a premium lot size, potentially first-time buyers moving into a established area, or value-oriented investors. It’s a home that makes sense on a citywide scale, offering good space, but requires a buyer to be comfortable with its more modest positioning within its immediate community. A recent sale in late 2023 (price estimated between $450,000-$500,000) confirms its market activity in this range.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is below the average for the Normand Park area, where comparable homes average about $628,500. This could indicate a value opportunity or reflect factors like the smaller lot size or home condition relative to area norms.
2. Is the lot size a significant drawback?
The lot is smaller than most on Easy Street and in Normand Park. This may mean less yard maintenance and a more efficient outdoor space, but could be a limitation for those desiring extensive gardening, privacy, or expansion potential.
3. What does the "above average citywide" ranking mean for me?
It indicates that for its price point across all of Winnipeg, this home offers more living space than roughly 86% of properties. This is a strong point if interior square footage is a priority over lot size or newer construction.
4. The home was built in 1987. What should I consider?
A home of this age is likely to have seen updates, but may also require attention to original components like roofing, windows, or major systems. Its construction date is newer than the city average but older than many in Normand Park.
5. How can I find out the exact past sale price?
The site provides sold price ranges for non-members. To obtain the exact sale figure from the September 2023 transaction, you can request a manual lookup via email through the provided site function.