Property Overview: 136 Genthon Street, Winnipeg
Key Characteristics & Appeal
This 640 sqft home in Norwood East, built in 1926, presents a specific and compelling value proposition. Its key characteristic is its modest scale, with a living area significantly below averages for the street, neighborhood, and city. This translates directly to its assessed value of $229k, which is also well below local averages, offering a notably lower price point for the area.
The appeal lies in its affordability and opportunity within a well-established community. It suits first-time buyers seeking an entry into the market, investors looking for a rental property with a manageable footprint, or downsizers who prioritize location over square footage. A thoughtful perspective is that this property represents a "land value play" with a functional structure; the lot, while smaller than some in the city, is reasonably sized for the street and offers potential for outdoor space or future expansion, subject to zoning. Its recent sale history (sold between $200k-$250k in late 2021) suggests it has served as an affordable holding in a high-demand market.
Frequently Asked Questions
1. Is this a "tiny home"?
While its living area is compact at 640 sqft, placing it in the bottom 3-4% of Winnipeg homes, it is a full legal property on its own lot. It’s more accurately described as a modest, character home typical of earlier 20th-century construction, not a modern "tiny home" design.
2. Why is the assessed value so much lower than the averages shown?
The assessed value reflects the property's specific attributes, primarily its smaller size and age. The averages include larger, more modern, or renovated homes. This discrepancy highlights this property's position as a more affordable option in the area.
3. What does the sold price range from 2021 tell me?
It indicates the property transacted at a price point consistent with its below-average assessment, confirming its market position as a lower-cost entry into the neighborhood. For precise historical sold prices, you must request the data directly via email, as per the site's notes.
4. Is the land size a limitation?
At 3,233 sqft, the lot is around average for Genthon Street but below the wider neighborhood average. It is not unusually small for the immediate area and is typical for central, older neighborhoods, offering a balance of yard space and low maintenance.
5. Who would this property not suit?
It would likely not suit buyers requiring multiple bedrooms, dedicated home office space, or who prefer open-concept, modern layouts without a renovation project. The figures clearly indicate it is for those comfortable with a smaller, more efficient footprint.