Property Overview: 142 Des Meurons Street, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile centered on land value and location. Its primary appeal lies in its generous 5,429 sqft lot, which is notably larger than most in the immediate area and neighborhood. This offers significant potential for gardening, expansion, or future redevelopment. The house itself is compact at 666 sqft and is one of the older homes on the street, built in 1913. Its assessed value of $262k is below area averages, reflecting the modest living space.
This property is best suited for a specific buyer: someone who prioritizes land size and location in Norwood East over move-in-ready square footage. It’s a practical entry point into the market for a handy first-time buyer, an investor looking for a lot with an existing rental property, or someone with plans to eventually build or significantly renovate. Its value is rooted in what you can do with the property long-term, rather than in its current finished condition.
Frequently Asked Questions
1. Is the house livable in its current state?
While the data doesn't specify condition, the age (1913) and below-average living area suggest it likely requires updates. Buyers should budget for modernizing essential systems and finishes.
2. Why is the assessed value below average if the lot is so large?
Assessed value considers the existing building. The lower valuation reflects the home's smaller size and age. The premium for the larger lot is somewhat offset by these factors.
3. What are the real redevelopment possibilities for the lot?
This is a key question. You would need to consult the City of Winnipeg’s zoning bylaws to understand permissible uses, potential for subdivision, or rules for building a new primary structure.
4. How reliable are the sold price comparisons shown?
The site notes its sold price data is from public sources, not the MLS, and is presented in broad ranges. For precise historical sale figures, you must request a manual lookup from the provider or consult a real estate agent with full MLS access.
5. The home ranks very low for living area. How does that affect daily life?
The layout and functionality of 666 sqft will be crucial. It likely means minimal storage, combined living spaces, and potentially only one bedroom. Viewing the floor plan is essential to gauge practicality.