Property Summary: 197 Hill Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This home at 197 Hill Street presents a classic Norwood East character property built in 1913. Its primary appeal lies in its efficient use of space; with 1,232 sqft of living area, it offers more interior room than many homes on its street and in the immediate area, making it feel spacious for its vintage. The assessed value of $313k sits comfortably around the average for the neighbourhood, suggesting a fairly priced entry point into a mature community.
The property would suit a practical buyer who values location and character over a large lot, as the land area is modest for the city. It’s ideal for a first-time homebuyer, a small household, or an investor looking for a solid, no-frills property in an established area. A thoughtful perspective is that its older vintage, while requiring due diligence, often comes with construction materials and craftsmanship less common in newer builds. The data indicates you are purchasing more house for your dollar here compared to the Winnipeg average, but on a smaller, more manageable parcel of land.
Frequently Asked Questions
1. Is the older year of build (1913) a concern?
While the home is well over a century old, its age is typical for the Norwood East neighbourhood. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation, which may have been updated over time.
2. How does the lot size impact the property?
At 3,586 sqft, the lot is smaller than most in Winnipeg. This means lower maintenance, which can be a benefit, but also limits potential for large additions or extensive landscaping. It emphasizes the property as a home rather than a land play.
3. The sold price shows a range of $300k-$350k. Why isn't it exact?
The provided data is aggregated from public sources, not the MLS. To protect transaction privacy and comply with industry rules, exact sold prices are not published online. You can request the precise figure via email from the site.
4. How does this home compare to others nearby?
The home offers more living space than many on Hill Street. Compared to the nearby reference property at 146 Hill Street (built 1940, 1,174 sqft, $306k assessment), this home is slightly larger and older, with a very similar assessed value, highlighting its competitive positioning.
5. What does the assessed value tell me about the listing price?
The assessed value ($313k) is for municipal tax purposes and is not a direct indicator of market value. However, it provides a stable benchmark. The fact that it aligns with recent sold prices in the area suggests the home is likely priced within a reasonable market range.