Property Overview: 147 Enfield Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 147 Enfield Crescent in Norwood East is defined by its notable value proposition and classic character. Built in 1912, it is a century-old property with a modest living space of 1,144 sq ft situated on a smaller, 2,253 sq ft lot. Its primary appeal lies in its accessibility. The assessed value of $211k is significantly below average for the street, neighbourhood, and city-wide comparisons, positioning it as one of the most affordable entry points into the area. This creates a unique opportunity for first-time buyers or investors seeking a lower-cost foothold in a mature community. The home last sold between $150k-$200k in 2017, reinforcing its history as a value-oriented property.
The home would best suit a pragmatic buyer who prioritizes location and budget over size and modern amenities. It’s a candidate for a live-in renovation project, allowing an owner to add value over time, or a straightforward rental investment. A less obvious perspective is that its smaller lot and home size translate to lower property taxes and potentially reduced maintenance costs compared to larger neighbouring homes, which can be a significant long-term financial advantage. However, buyers should be prepared for the realities of an older home’s upkeep and the compact outdoor space.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The assessed value reflects the property’s specific characteristics: a smaller home on a smaller lot that is over 110 years old. Compared to the average home on the street, it has significantly less living area and land area, which are key factors in municipal valuation.
2. What should I consider with a home built in 1912?
While offering charm, a home of this age likely has older systems (like plumbing, electrical, and heating) and may require updates to meet modern efficiency and safety standards. A thorough, specialized inspection is essential to understand the condition and potential future investments needed.
3. How does the smaller lot size impact living here?
The lot is less than half the average size for the street. This means minimal yard maintenance but also limited private outdoor space for gardening, play, or entertaining. Parking and potential for additions may also be constrained.
4. The data shows it's "below average" in many rankings. Is that a bad sign?
Not necessarily. In this context, "below average" in metrics like value and size is what creates its affordability. It indicates you are paying less for a smaller, older property in the same location where others pay more for larger, newer homes. It’s a trade-off.
5. How can I find out the exact past sale price?
The provided sold price is a range from public data. For the exact sale history and verified figures, you must contact the site directly via email for a manual lookup, as they do not display full MLS transaction records.