Property Overview: 145 Hill Street, Winnipeg
Key Characteristics & Appeal
This home at 145 Hill Street in Norwood East is a well-established property built in 1940, offering a compelling blend of space and value within its immediate neighborhood. With 1,361 sqft of living area, it provides significantly more interior space than most comparable homes on its street and in the Norwood East area, ranking in the top 20-25%. The assessed value of $371k follows a similar pattern, sitting above the local averages, which suggests a perception of solid worth relative to its community.
The appeal lies in its strong local standing. It’s a property that outperforms many of its direct neighbors in key metrics, offering more house for the money within the context of this specific, mature neighborhood. The lot size is generous for the area, providing typical outdoor space for the community. It would suit a buyer looking for a character home in a settled area who values space and a sense of established value over a newer build. It’s a practical choice for someone who wants their investment to stand out positively on the block rather than just blending in city-wide.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, the home last sold between $350k-$400k in late 2020. This sale price was above the typical range for both the street and the wider Norwood East area at that time, consistent with its above-average assessed value.
2. Is the home older than most in Winnipeg?
Yes. Built in 1940, it is older than roughly 80% of homes across the entire city. However, it is typical for its specific neighborhood, where the average home was built in the mid-1930s. Buyers should be prepared for the maintenance and potential updates common with a home of this age.
3. What does the "above average" ranking for living area actually mean?
It means that compared to 117 similar properties on Hill Street, this home’s living area is larger than about 80% of them. This is a key advantage if you’re comparing homes within this specific location, offering more interior space than most direct alternatives.
4. The city-wide assessed value seems average, but local rankings are higher. Which is more relevant?
The local rankings are often more meaningful for daily living and resale within the community. This home’s value is above average for its street and neighborhood, which can be a sign of desirability and a good relative position. The city-wide average is pulled higher by newer or differently located properties, making the local comparison more practical.
5. How can I find out the exact historical sale prices?
The provided sold price data is presented in a range. To obtain fully verified and exact sale figures from the transaction history, you must request a manual lookup via email through the site, as this information is not displayed publicly due to industry data rules.