Property Overview: 155 Youville Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This home at 155 Youville Street presents a classic Norwood East character property, built in 1910. With 1,002 sqft of living space on a 4,043 sqft lot, its size is typical for the immediate street and neighborhood but sits below the Winnipeg city average. Its assessed value of $293,000 follows a similar pattern—aligned with Norwood East averages but notably below the citywide benchmark, suggesting a potentially accessible entry point into a mature community.
The appeal lies in its established location and relative value within a sought-after neighborhood. It suits a specific buyer: someone seeking character and location over sheer size, who is comfortable with a home that may require updates (given its age) and sees potential in a lot that is smaller than the city norm but reasonably sized for the area. It’s a practical choice for first-time buyers, downsizers, or investors looking for a solid footprint in Norwood East without a premium price tag, balanced with the understanding that an older home comes with its own considerations.
Frequently Asked Questions
1. How does the assessed value compare to likely selling price?
The assessed value ($293k) is for municipal tax purposes and is a historical snapshot. It can be a useful benchmark, but the actual market price is determined by current conditions, the home's state, and buyer demand. In this market, it often serves as a starting point for discussion rather than a guaranteed sale price.
2. What are the implications of the home being built in 1910?
This age indicates classic construction and charm but warrants a thorough inspection. Key considerations would be the state of major systems (plumbing, electrical, heating), insulation, and the foundation. It also means the home is significantly older than most on its street and in the city, which can be a point of character but also requires mindful budgeting for maintenance or updates.
3. The lot size is noted as "below average" city-wide. Is that a concern?
For this neighborhood, the lot is closer to average. It may mean less yard space than newer suburban areas, but it also typically translates to less maintenance. In a mature neighborhood like Norwood East, the value is often more in the location and community than in expansive private outdoor space.
4. Why is there no sales history shown for this listing?
Publicly available sold price data is not always complete. To obtain the most accurate and verified transaction history for this property, you need to request it directly via the provided email option, as this data is not sourced from or displayed on the public MLS system.
5. Who would this property not suit?
It may not suit buyers looking for a move-in-ready, modern open-concept layout without any renovation projects. Similarly, those prioritizing a very large yard or square footage above the city average might find better options elsewhere, potentially at a higher price point.