Property Overview: 127 Des Meurons Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This 728 sqft bungalow, built in 1947, presents a classic Winnipeg character home with a practical footprint. Its primary appeal lies in its value proposition and lot potential. The assessed value of $258k is notably below averages for the street, neighborhood, and city, suggesting a more accessible entry point into the established Norwood East area. The lot size of 4,797 sqft is solid for the locale, offering valuable outdoor space or future expansion potential rare in newer developments.
The home suits first-time buyers or downsizers seeking a manageable space in a mature neighborhood without a premium price tag. Its above-average age for the immediate street indicates it’s among the newer homes in a historic area, which can mean fewer immediate concerns with very old infrastructure. However, the below-average living area requires an efficient layout or a buyer comfortable with a cozy footprint. The appeal is grounded in practicality—securing a large lot in a central neighborhood at a value price, ideal for those with renovation vision or who prioritize land over square footage.
Frequently Asked Questions
1. Is the below-average living area a major drawback?
It depends on your needs. At 728 sqft, the home is significantly smaller than area averages, requiring efficient use of space. It may be ideal for one or two people but could feel cramped for a growing family without planned renovations or an addition.
2. Why is the assessed value lower than surrounding averages?
The assessed value is typically based on factors like size, age, condition, and recent sales. This home’s smaller square footage is the primary driver pulling its value below the street ($318k avg) and neighborhood ($329.4k avg) benchmarks. It reflects its current scale, not necessarily the land value.
3. How does the 1947 build year affect the property?
Being built in 1947 makes it newer than many neighbors (street avg: 1937). This can be an advantage, potentially meaning updates to original systems have already been made or that major components like wiring or plumbing might be from a later era. However, any home of this age will still require a thorough inspection.
4. What does the sold price history from 2016 indicate?
The property sold between $200k-$250k in March 2016. This historical data shows a significant appreciation in assessed value over eight years, consistent with broader market trends. It provides a long-term context but does not dictate current market value.
5. Can the large lot be sub-divided or developed?
The generous 4,797 sqft lot is a key asset. Whether it can be subdivided or accommodate a significant addition depends on Winnipeg’s zoning bylaws, which govern minimum lot sizes, setbacks, and floor-area ratios. A buyer should consult the city’s planning department to explore possibilities.