Property Overview: 181 Des Meurons Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its compact efficiency and historical roots. Built in 1909, it is a notably older property with a modest 615 sqft living area and a smaller 1,551 sqft lot, placing it well below local averages for size. The assessed value of $184k reflects this, positioning it as one of the most accessible entry points into Winnipeg’s Norwood East neighborhood.
Its core appeal lies in pure affordability and location. It is a straightforward opportunity for a first-time buyer or an investor to gain a foothold in a well-established area without a large financial commitment. The low carrying costs, based on its value, are a significant practical advantage. This property would suit a minimalist buyer, a hands-on investor looking for a rental property, or someone seeking a functional starter home with the understanding that it may require updates due to its age. A less obvious perspective is its potential as a “blank slate.” Its smaller scale makes renovations or modernization projects more manageable and less costly in absolute terms compared to larger homes in the area.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes?
The assessed value is based on specific characteristics: the home’s very small size, its age, and its smaller lot. It is consistently ranked in the bottom 3-10% of comparable properties in the area for these metrics, which directly results in a lower valuation.
2. What does the sold price range (CA$150k–200k) indicate?
This range, from its last sale in June 2023, shows the home transacted at or below its current assessed value. It confirms the market pricing for a property of this scale and condition, highlighting its affordability tier.
3. Are there major concerns with a home built in 1909?
While offering classic charm, a home of this age will likely have older systems (like plumbing and wiring) and may require more maintenance or updates to meet modern standards. A thorough inspection is essential to understand the condition and any needed investments.
4. How does the very small lot size impact living here?
The lot is significantly smaller than typical in the neighborhood. This means minimal outdoor maintenance and very limited private yard space. It appeals to those who prioritize low upkeep but would not suit someone wanting a large garden or expansive outdoor area.
5. Can I get the exact historical sold prices?
The provided data is from public records, not the MLS. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as detailed in the data notes.