193 Hill Street

Property Overview: 193 Hill Street, Norwood East, Winnipeg

Key Characteristics & Buyer Appeal

This 836 sqft home, built in 1913, presents a classic, no-frills opportunity in Winnipeg's Norwood East neighborhood. Its core appeal lies in its position as an accessible entry point into the market. With a recently sold price between $200k-$250k and an assessed value of $256k, it stands well below average for the street, area, and city in terms of both price and size. This creates a clear value proposition for budget-conscious buyers.

The home would suit a first-time buyer, an investor looking for a rental property, or someone seeking a modest, manageable footprint without a large mortgage. Its smaller scale and lot size (3,597 sqft) mean lower maintenance demands and utility costs, which is a practical, less obvious benefit. While its living area is below local averages, it ranks more favorably on its own street, suggesting it fits the character of Hill Street. The 1913 build date indicates potential for classic architectural charm but also necessitates a thorough inspection for an older home's typical upkeep needs. This isn't a luxury property; it's a grounded, functional home that prioritizes financial accessibility and simplicity over space or modern finishes.

Frequently Asked Questions

1. Is this a good value for the area?
Based on the data, the sold price placed this home in the top 90% of values on its own street (meaning it was less expensive than 90% of comparable homes on Hill Street). This suggests it was purchased at a competitive, below-average price point for this specific location.

2. What should I know about the older construction (1913)?
A home of this age will likely have older building materials and systems. A specialized inspection is crucial to understand the condition of the foundation, wiring, plumbing, and roof. While it may need updates, this also contributes to the character and lower entry cost.

3. How does the smaller living area (836 sqft) compare?
It's smaller than most homes in Winnipeg, but on Hill Street itself, it's closer to the average. This indicates the street may have a number of similarly scaled homes, so it may not feel out of place. Buyers should be comfortable with a cozy, efficient layout.

4. Can I get the exact sold price?
The exact sold price is not publicly displayed on this site due to data source rules. You can request the exact figure via email, and the service will provide a manual lookup at no cost.

5. What are the potential downsides of a below-average assessed value?
While a lower assessment can mean lower property taxes, it also reflects the market's valuation of the home's characteristics (size, age, condition). It may indicate less immediate equity or a different appreciation trajectory compared to higher-valued homes in the area. Financing and insurance may also be influenced by this valuation.