Property Overview: 146 Youville Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This home presents a practical opportunity in Winnipeg's Norwood East neighborhood. Built in 1912, it is a character property with a living area of 1,200 sqft on a 4,625 sqft lot, placing it around the average size for both the street and the local area. Its primary appeal lies in its value proposition: with an assessed value of $279k, it sits notably below the average assessed value for comparable homes on its street ($371.3k), in the neighborhood ($329.4k), and across Winnipeg ($390.1k). This suggests a potentially lower property tax burden and an entry point into a mature community.
The home would suit a value-conscious buyer, such as a first-time homeowner or an investor, who is comfortable with a century-old structure and may see potential in its established lot size. Its below-average valuation against comparable properties could indicate an opportunity for those willing to undertake updates, making it a candidate for a gradual renovation project. A less obvious perspective is that its older vintage, while requiring more maintenance, often comes with construction materials and craftsmanship less common in newer builds. The data shows it last sold between $250k-$300k in late 2020.
Frequently Asked Questions
1. Is the below-average assessed value a red flag?
Not necessarily. A lower assessment can mean lower property taxes. It often reflects the home's age (1912) and potentially outdated systems or finishes compared to newer homes on the street. It's a key point for a professional inspection to understand the condition behind the value.
2. How does the home's size compare to the area?
At 1,200 sqft, the living space is very close to the Norwood East neighborhood average (1,162 sqft) and slightly below the average for Youville Street itself (1,231 sqft). It offers a reasonably sized footprint typical for the community.
3. What does the sold price history tell us?
The home sold for an estimated $250,000-$300,000 in December 2020. This past sale price, combined with the current assessed value, provides a recent benchmark for market value, but exact figures should be verified for the most accurate comparison.
4. The home is much older than most on the street. What should I consider?
With a construction date of 1912, it is among the older homes on Youville Street (street average year built is 1955). Buyers should budget for and prioritize inspections of foundational, electrical, and plumbing systems common to homes of this era, while also appreciating the potential for classic architectural details.
5. How can I get the exact historical sold prices?
The provided data shows price ranges. For fully verified and exact sale figures, you must request a manual lookup from the site provider, as this information is not sourced from the MLS system and is not displayed directly on the page.