Property Overview: 196 Kitson Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This home stands out in its established Norwood East neighborhood for its generous proportions and premium lot. With 1,670 sqft of living space, it offers significantly more room than most homes on its street and in the wider area. The most distinctive feature is its 6,126 sqft land area, which ranks in the top 5% on Kitson Street, providing rare outdoor space and potential in a mature neighborhood. The assessed value of $476k reflects its premium positioning, ranking in the top 6% locally.
Its appeal lies in this combination of above-average interior space and an elite-sized lot, all within a character-filled community. The home, built in 1909, is notably older than area averages, which suggests classic architectural charm but also warrants a careful review of updates and systems. It last sold in 2017 for between $400k-$450k.
This property would best suit buyers who prioritize lot size and space over a newer build. It’s ideal for someone seeking a established neighborhood feel with room to garden, entertain, or potentially expand. It appeals to those comfortable with the character and considerations of a century-old home, and who see value in a property that ranks highly in key metrics within its immediate context.
Frequently Asked Questions
1. How does the age of the home (1909) impact its value and appeal?
While its age places it in the older segment of homes locally, it contributes to the neighborhood's historic character. The value is supported by its large lot and living area, but prospective buyers should budget for maintenance and updates typical of a 117-year-old structure.
2. The assessed value is much higher than the street average. Why?
The assessed value of $476k ranks in the top 6% for Kitson Street, largely due to the home's significantly larger lot and above-average living area compared to neighbors. The assessment reflects these premium physical attributes.
3. Is the large lot a common feature in this area?
No. The lot size of over 6,100 sqft is exceptional, ranking in the top 5% on the street. The average lot on Kitson Street is about 4,449 sqft, making this property's outdoor space a key differentiator.
4. What can the 2017 sale price tell me?
The home sold for an estimated $400k-$450k in mid-2017. Given its current assessed value and the market movement since then, this provides a historical anchor point, but a current market evaluation is essential for today's value.
5. How does this home compare to others in Winnipeg overall?
City-wide, it offers above-average living space and lot size. Its assessed value is also above the Winnipeg average. Its age is its most notable outlier, as it is older than approximately 95% of comparable homes across the city.