Property Overview
This is a substantial and historically significant property in Winnipeg's Norwood East neighborhood. Built in 1914, the home stands out for its exceptional size, with over 4,000 square feet of living space, placing it in the top 1% of homes in the area and citywide. It sits on a large, above-average lot of nearly 6,400 square feet. The current assessed value is approximately $931,000, which is significantly higher than local averages, reflecting its elite standing in terms of both size and valuation. While its age is notable compared to neighboring homes, this also contributes to its unique character. The property last sold in 2016 for a price between $200,000 and $250,000, indicating a substantial increase in its assessed value since that time.
Key Characteristics & Appeal
The primary appeal of 1-135 Youville Street lies in its rare combination of grand scale, established location, and significant lot size. It is not merely a large house, but a statistical standout in its community, offering space that is exceptionally uncommon for Winnipeg. This isn't just an older home; it's a legacy property that has been maintained and valued well above its peers.
Its appeal would suit:
- Multi-Generational Families or Those Needing Ample Space: The square footage is suited for large families, those who work extensively from home, or desire formal entertainment spaces.
- The Value-Conscious Luxury Buyer: For a buyer comparing price per square foot in the premium market, this property offers a significant amount of space for its assessed value bracket.
- Visionaries and Stewards: The right buyer will appreciate the history and character of a 1914 home and see its age as a mark of heritage and durability, not a drawback. They are likely prepared for the maintenance and potential updates that come with a century-old structure, viewing it as a custodian project.
Frequently Asked Questions
1. Why is the assessed value so much higher than the last sold price from 2016?
The assessed value of approximately $931,000 is a current municipal valuation for taxation purposes, reflecting market trends and improvements. The 2016 sale price range of $200k-$250k represents the market value from nearly a decade ago, indicating considerable appreciation and likely significant investment or market shift since that transaction.
2. Given its age (1914), should I be concerned about major repairs?
While the home's age places it among the older properties in the area, its elite assessed value and size suggest it has been maintained as a premium asset. A pre-purchase inspection is essential to understand the condition of major systems (roof, foundation, plumbing, electrical) which may have been updated over time, and to budget for any maintenance inherent to a home of this vintage.
3. How does the lot size compare, and what are the possibilities?
At 6,396 sqft, the lot is above average for both the street and the Norwood East neighborhood. This provides not only greater privacy and yard space than most local properties but also potential for landscaping projects, gardens, or additions, subject to local zoning regulations.
4. The home is ranked "Elite" for size and value but "Below Average" for age. What does this mean?
This contrast is the defining characteristic of the property. It indicates you are purchasing a historically significant home that offers a scale of living space virtually unmatched in the area. The age ranking simply quantifies that it is older than most houses nearby, which is a factor in its unique character and should be factored into maintenance planning.
5. How can I find out the exact historical sold prices?
The provided sold price data is an estimated range from public records. To obtain fully verified and exact transaction figures, you would need to request a manual lookup from the site provider, who can email you the official history, as MLS data is not displayed directly on the platform.