Property Overview: 137 Eugenie Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This home is defined by its balance of classic charm and practical space. Built in 1905, it is a notably older home in the context of its street, neighbourhood, and the wider city, appealing to those who appreciate character and heritage. Its primary strengths are its generous 6,106 sqft lot, which is well above average for both Eugenie Street and the Norwood East area, and a comfortable 1,408 sqft of living space that ranks above average locally.
The appeal lies in its established neighbourhood setting and the potential offered by a larger-than-typical lot in a central area. With an assessed value of $351,000 that is relatively aligned with local averages, it presents a grounded opportunity. This property would suit a buyer comfortable with the upkeep of an older home who values outdoor space for gardening, children, or future expansion over a brand-new build. It’s a practical choice for someone seeking a established community feel without a premium price tag for the land size.
Frequently Asked Questions
1. How does the age of the home affect its value and condition?
Built in 1905, the home is among the older in the area. This can mean charming architectural details but also requires a thorough inspection for foundational integrity, wiring, plumbing, and insulation to understand any needed updates or maintenance costs.
2. What are the advantages of the larger lot size?
At over 6,100 sqft, the lot is a significant asset. It offers more privacy, space for landscaping, gardening, or recreational areas, and potential for additions like a garage, workshop, or deck, which are less feasible on standard-sized lots in the neighbourhood.
3. How does the assessed value compare to recent sale prices?
The home last sold between $300,000-$350,000 in early 2019. The current assessed value of $351,000 is reasonably aligned with that past sale and sits around the average for the immediate area, suggesting a stable, market-reflective valuation.
4. Is the living space adequate for a modern family?
With 1,408 sqft, the living area is above the neighbourhood average. This typically allows for standard room layouts, but in an older home, it’s wise to consider if the room sizes and floorplan flow match contemporary needs for open-concept living versus defined, separate rooms.
5. What is the neighbourhood context of Norwood East?
Norwood East is a mature, established neighbourhood. The data shows homes here have smaller average lot sizes and are older than the city-wide average. This property’s above-average lot size within that context is a standout feature, offering more space than is typical for the community.