Property Summary: 136 Kitson Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This home, built in 1911, presents a compelling mix of historic charm and above-average modern space. Its primary appeal lies in its generous living area of 1,945 sq ft, which ranks in the top 7% on its street and the top 5% within the desirable Norwood East area. This means you get significantly more interior space than most neighbouring and local homes, offering room to grow or adapt within a character-filled setting.
The assessed value of $393k sits above average for both the immediate street and the broader Norwood East community, reflecting its size and location, while aligning closely with the Winnipeg citywide average. The lot size is modest relative to area and city averages, which is typical for established neighbourhoods and often translates to lower maintenance.
This property would suit a buyer who values space and location over a newer build or a large yard. It’s ideal for someone seeking a home with character in a mature, walkable neighbourhood, who may be willing to invest in updates over time. A thoughtful perspective is that while the home is older, its superior square footage for the area provides a rare opportunity to modernize a spacious layout without the premium typically attached to newer, similarly sized homes.
Frequently Asked Questions
1. How does the home’s age affect its value and condition?
Built in 1911, the home is older than most in the city. This can mean charming original features but also potential for older mechanical systems (like plumbing or wiring) that may need attention or updating. Its assessed value already factors in the age, but a thorough inspection is crucial.
2. The living area is large for the area, but the lot is smaller. What does this mean for me?
This indicates the home makes efficient use of its property, likely with a larger footprint or multiple stories. It’s perfect if you prioritize indoor living space over extensive outdoor maintenance or gardening space. The smaller lot can also mean lower landscaping costs and time.
3. The assessed value is above average for Norwood East. Is it overpriced?
Not necessarily. The assessment is based on the property’s characteristics, including its notably larger living area compared to area averages. It suggests the official valuation recognizes the premium for extra space in this location. Market price can differ, but this provides a strong baseline.
4. What can the 2016 sale price tell me?
The previous sale price (in the $250k-$300k range) shows historical value, but it’s from eight years ago. It primarily illustrates the property’s appreciation over time and is not a direct indicator of its current market value, which is influenced by today’s market conditions and any updates made since.
5. How reliable is this comparative data?
The rankings and averages are derived from publicly available assessment and sales data, providing a solid, data-driven context for how this property compares to its peers on the street, in the area, and across Winnipeg. For precise, verified sales history, you would need to request a manual lookup from the site or consult with a real estate professional.