Property Overview: 127 Youville Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This home is a classic, early 20th-century property built in 1914, offering a footprint of 1,026 square feet on a 3,461 sqft lot in the established Norwood East neighborhood. Its primary appeal lies in its position as a competitively priced entry point into a mature area. With an assessed value of $298k, it sits notably below city-wide averages, presenting a relative value opportunity for the neighborhood.
The home suits first-time buyers or practical investors looking for character without a premium price tag. Its living space is typical for the immediate street and area, meaning it likely meets core needs without excess. A thoughtful perspective is that its older vintage and smaller lot, while below average in metrics, contribute directly to its affordability and lower property tax burden. The sales history suggests a property that has traded in a accessible price bracket, reinforcing its role as a pragmatic stepping stone into the market rather than a premium showcase home.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
The assessed value of $298k is around the neighborhood average but is significantly below the Winnipeg city-wide average. On its own street, it ranks in the more affordable half of homes. This suggests you are paying primarily for location within Norwood East, not for above-average size or modern features.
2. What should I consider about the 1914 build date?
While full of period character, a home of this age requires a diligent inspection. Focus on the condition of major systems (roof, foundation, plumbing, electrical) which may have been updated over time. Its age is a key factor in its below-average assessed value.
3. The lot size is noted as below average. How impactful is this?
The lot is smaller than most in the city and on the street. This typically means lower maintenance and potentially a cozier streetscape, but it also limits expansion possibilities for large additions, pools, or extensive landscaping.
4. Can I see the exact past sale prices?
The site provides sold price ranges from public records. To obtain the exact historical sale figures, you must request them via email from the service for a manually verified lookup, as they do not display MLS data.
5. What are the immediate next-door properties like?
The listing shows several direct neighbors on Youville Street with very close proximity (8-23 meters away). Researching or viewing these properties can give a strong sense of the streetscape, prevailing home styles, and upkeep standards for the block.