Property Overview & Key Characteristics
This 1945 one-storey home in Norwood East presents a classic Winnipeg character property on a notably large, 6,595 sqft lot. Its primary appeal lies in this generous land size, which ranks in the top 3% for the street and top 6% for the neighbourhood, offering significant outdoor space and future potential in a central location. The home itself has a renovated basement, adding functional living space, and a detached garage. While the 756 sqft living area is compact, it ranks in the top 15% for the street, indicating the house makes efficient use of its footprint compared to nearby homes. The assessed value sits comfortably in the middle range for the area.
This property would suit a buyer looking for a land-owning opportunity—someone who values a large yard for gardening, recreation, or future expansion more than a large existing house. It's also a practical fit for a first-time buyer or downsizer seeking a manageable single-level layout with a modernized basement for extra room, all within a well-established neighbourhood.
Frequently Asked Questions
1. Is the large lot size typical for the area?
No, it's a standout feature. The lot is larger than 97% of others on the same street and 94% in Norwood East, making it a premium asset in this neighbourhood.
2. The living space seems modest. How does it compare?
At 756 sqft, the above-ground living area is smaller than many modern homes but is actually larger than most on its street (top 15%). This suggests a cozy, efficient layout that is characteristic of the area's vintage.
3. What does the "renovated basement" imply?
While specific finishes aren't detailed, it indicates the below-grade space has been updated for habitable use, adding crucial functional space like a family room, office, or additional bedrooms to the overall footprint of the home.
4. How does the assessed value relate to the likely asking price?
The $330k assessment is a municipal valuation for tax purposes. The actual market price will be influenced by current conditions, the property's unique lot size, and the home's condition. It serves as a useful benchmark against comparable properties.
5. What is the neighbourhood like?
Norwood East is a mature, central Winnipeg community with a mix of historic and post-war homes. The high rankings for lot size and living area on the street suggest a stable, established setting where this property holds a strong positional advantage.