Property Overview: 151 Hill Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This home at 151 Hill Street is a classic Norwood East property built in 1941. Its key characteristic is a balance between a modestly sized, 780 sqft house and a generous, standard-sized lot of approximately 4,556 sqft. This creates a distinct dynamic: the living space is notably smaller than most area homes, ranking in the bottom third locally, but the lot size is squarely average for the neighbourhood. The property’s assessed value of $302,000 is also very typical for Norwood East, suggesting it is priced in line with the local market.
The appeal lies in this specific combination. It represents an opportunity to own a well-located, standard lot in an established neighbourhood, with the house itself potentially serving as a more affordable entry point or a candidate for personalization. It would suit a first-time buyer or an investor comfortable with a smaller footprint who values land size and location over immediate square footage. A thoughtful perspective is that this property may offer a lower physical and financial maintenance burden compared to larger homes on similar lots, appealing to those seeking a simpler lifestyle without sacrificing outdoor space. Its last known sale was between 2016-2020 in the $250,000-$300,000 range.
Frequently Asked Questions
1. Is the smaller living area a concern?
While the 780 sqft home is smaller than many in the area, it is a characteristic reflected in its pricing. It’s ideal for those who prioritize efficient living or see potential to expand in the future, given the lot size can accommodate it.
2. How does the assessed value relate to the likely market price?
The $302,000 assessment is very close to the neighbourhood average, indicating it’s valued consistently for tax purposes. Market price can vary based on condition, updates, and market trends, but this provides a solid baseline.
3. What does the lot size offer?
At over 4,500 sqft, the lot is standard for Norwood East. It provides ample outdoor space for gardening, recreation, or potential additions, which is a significant asset given the home’s smaller interior.
4. Are older homes like this expensive to maintain?
Built in 1941, major systems like the roof, plumbing, and wiring may need evaluation or updating. A thorough inspection is essential to budget for any necessary repairs or modernizations.
5. How can I find out the exact past sale prices?
The provided data shows a sold price range. For fully verified, exact historical sale figures, you must request a manual lookup from the site via email, as they do not display MLS sold records directly.