Property Overview: 124 Hill Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This 738 sqft home, built in 1940, presents a classic Norwood East character property on a standard-sized lot. Its primary appeal lies in its position as a competitively priced entry point into a stable, established neighborhood. The assessed value of $322k is consistently around the average for both the street and the broader Norwood East area, suggesting it is priced in line with local market norms rather than at a premium.
The home’s living area is notably compact, ranking below average for the street, neighborhood, and city. This defines its core appeal: it is a efficient, lower-maintenance property suited for a first-time buyer, downsizer, or investor seeking a straightforward rental property. The value proposition is centered on location and lot rather than interior space. A thoughtful perspective is that this smaller footprint can mean significantly lower utility costs and less ongoing maintenance, a practical advantage often overlooked. The property last sold in 2019 for an estimated $250k-$300k, indicating potential for equity growth for the next buyer.
Frequently Asked Questions
1. Is the house significantly smaller than others in the area?
Yes. At 738 sqft, the living area is below the average for Hill Street (1,097 sqft), Norwood East (1,162 sqft), and Winnipeg overall (1,342 sqft). It is among the more compact homes in the neighborhood.
2. How does the assessed value compare to nearby homes?
The $322k assessment is very typical. It ranks closely to the average for both Hill Street ($336.6k avg) and the Norwood East area ($329.4k avg), indicating it is not an outlier in terms of municipal valuation.
3. What is the potential for expansion or renovation?
The lot size of 4,557 sqft is standard for the street and provides the necessary space for potential additions, a garage, or landscaping projects, subject to local zoning and permit approvals.
4. When did it last sell and for approximately how much?
The property last sold in September 2019. The sold price is shown as a range of CA$250,000 to $300,000. For verified, exact historical sale figures, you can request a manual lookup via email from the site.
5. Are the sold price data and rankings from the MLS?
No. The sold price data is compiled from publicly available sources, not the MLS. The comparative rankings for size, value, year built, and lot size are analytical tools based on this public data, designed to show how this property compares to peers on its street, in the neighborhood, and across Winnipeg.