Property Overview & Appeal
This 1912 one-storey home in Norwood East presents a classic Winnipeg character property on a generously sized lot. Its key appeal lies in the combination of a renovated basement, a detached garage, and a land area that ranks within the top 12% for its street. With a living area of 739 sq ft, the house itself is compact, suggesting a efficient, manageable footprint. The assessed value is notably lower than several provided comparisons in the same neighbourhood, which may indicate potential value relative to the area or reflect the home's more modest interior size. This property would suit a first-time buyer looking for a solid entry point into a mature neighbourhood, an investor interested in a character home with rental potential (given the basement renovation), or a downsizer seeking a low-maintenance single-level living on a private lot. A thoughtful perspective is that while the home is over a century old, its above-average rankings for lot size and value in the wider Winnipeg context suggest its underlying asset—the land—holds significant worth.
Frequently Asked Questions
1. How does the assessed value compare to the likely listing price?
Assessed value is for municipal tax purposes and is typically lower than market value. The provided comparisons show nearby homes with similar assessed values, but listing prices can vary significantly based on condition, updates, and market trends.
2. What does the "renovated basement" entail?
The details provided do not specify the scope of the renovation. It's essential to clarify whether it is a legal suite, a finished recreational space, or updated utilities, and to verify if permits were obtained.
3. Is the house suitable for expanding or adding a second storey?
The large lot (3,001 sq ft) is a positive factor for potential expansion. However, any major addition would require a review of local zoning bylaws, heritage considerations (given the age), and associated costs.
4. How does the living area compare to nearby homes?
At 739 sq ft, the main floor living area is smaller than many of the comparison properties listed, which range from 912 to over 2,000 sq ft. This highlights a trade-off: you're acquiring a larger-than-average lot with a more compact home.
5. What are the implications of the home being built in 1912?
While offering classic charm, a home of this age requires diligent inspection for foundational integrity, wiring, plumbing, and insulation. The updated basement is a positive, but the overall maintenance profile will be different from a newer build.