Property Summary: 140 Genthon Street, Winnipeg
Key Characteristics & Appeal
This home at 140 Genthon Street in Norwood East presents a practical opportunity in a mature neighbourhood. Built in 1914, it is one of the older homes on its street, offering classic character but implying a need for consideration regarding updates and maintenance. With 1,106 sqft of living space, it provides a comfortably sized footprint that is actually above average for Genthon Street itself, making it a relatively spacious option in its immediate vicinity.
The appeal lies in its value positioning. With an assessed value of $284,000, it sits below the city-wide average for comparable homes, suggesting a potentially more accessible entry point into the market. The lot size of 3,233 sqft is manageable and typical for the street, though smaller than many lots in broader Winnipeg. This property would suit a first-time buyer or a practical downsizer who appreciates an established neighbourhood and is prepared for the realities of an older home. It’s for someone who values space inside the home over a large yard and is making a calculated decision based on current value rather than seeking a modern, turn-key property.
Frequently Asked Questions
1. How does the age of the home (1914) affect its value and what should I consider?
The 1914 build date means this is one of the older homes in the area. While it can offer charm, it's essential to factor in potential maintenance, the age of major systems (like plumbing, electrical, and heating), and the efficiency of the building envelope. Its assessed value reflects this, being positioned below the city-wide average.
2. Is the living space sufficient for a small family?
At 1,106 sqft, the living area is above the average for homes on Genthon Street and is reasonably aligned with the Norwood East area average. It typically provides adequate space for a small family or couple, offering more interior room than many direct neighbours.
3. How does the property’s value compare to recent sales?
The home last sold between $200,000-$250,000 in July 2016. Its current assessed value of $284,000 is above that prior sale range, reflecting market changes. For fully verified and exact historical sold prices, you can request a manual lookup by email through the site.
4. What does the lot size mean for outdoor space and potential expansions?
The 3,233 sqft lot is manageable for basic gardening and patio space but is below the average for both Norwood East and Winnipeg overall. This smaller lot size may limit possibilities for large additions or extensive outdoor amenities but also means less yard maintenance.
5. How does this home rank compared to others in Winnipeg?
The data shows a mixed picture: its living space is around the city-wide average (top 60%), while its assessed value is below average (top 75%, meaning 75% of homes have a higher value). This indicates it may offer more square footage per dollar city-wide, but its older age and smaller lot size contribute to its value ranking.