Property Overview
143 Kitson Street is a well-established home in Winnipeg's Norwood East neighbourhood. Built in 1909, it offers 1,328 sqft of living space on a 3,421 sqft lot, with a current assessed value of $355,000. The data presents a home that is competitively sized for its immediate area and offers solid value within its broader community context.
Key Characteristics & Appeal
This home’s primary appeal lies in its efficient use of space and its position within a mature, established neighbourhood. The living area is above average for Norwood East, suggesting a comfortable interior footprint compared to many local homes. While the lot is smaller than area averages, this often translates to lower maintenance, which can be a practical advantage. The assessed value is notably above average for the neighbourhood, indicating that the property is considered a higher-value asset within this specific market, potentially due to condition, updates, or its specific location on the street.
It would suit a buyer looking for character in a central community without the upkeep of a very large yard. It’s a practical choice for first-time homeowners or downsizers who want a manageable property in a settled area. The home’s age (117 years) means it likely has classic charm but also requires a buyer comfortable with the potential maintenance and update projects common to houses of this era. Its recent sale history shows steady value appreciation, pointing to a stable investment in a desirable locale.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is below the neighbourhood average, it reduces yard maintenance. It may limit expansion possibilities but is typical for older, central communities where lot sizes are often more compact.
2. The home is older—what should I consider?
Built in 1909, the house pre-dates modern building standards. A thorough inspection is essential to understand the condition of foundational elements, plumbing, electrical systems, and insulation. This history also often comes with unique architectural details not found in newer builds.
3. The assessed value seems high for the neighbourhood. Why?
The assessment is above the Norwood East average, which can reflect recent improvements, superior condition, or a favourable location on the street. It’s important to compare this with recent actual sale prices, not just assessments, to understand market value.
4. What do the recent sold prices indicate?
The home sold in 2021 and again in 2022, each time at a higher price range. This suggests a trend of increasing market value over that period, highlighting the property’s desirability and the neighbourhood’s stability.
5. How does this home compare to others on the same street?
On Kitson Street, this home is around average for both living area and assessed value. However, it is among the older homes on the block. This means you’re getting a property that is very typical for its immediate streetscape in terms of size and value.