Property Overview: 198 Youville Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This 901 sqft home, built in 2013, presents a distinct blend of modern convenience within a well-established neighborhood. Its primary appeal lies in its relative newness compared to its surroundings; it ranks in the top 4% of homes in Norwood East for year built, offering contemporary construction and likely lower maintenance in an area where most homes are decades older. The assessed value of $365k sits above the neighborhood average, suggesting a premium for this modern offering, yet it remains around the citywide average.
The property suits buyers seeking a turn-key, modern home without leaving a mature, central neighborhood. It’s particularly fitting for first-time buyers, downsizers, or those who prioritize a newer mechanical and structural foundation over larger square footage or yard space. A thoughtful perspective is that this home represents efficiency over expanse: the living area is modest (below the city average), and the lot is notably compact, ranking in the bottom 3% on the street. This translates to minimal exterior upkeep, a potential benefit for a lifestyle focused on convenience and location rather than gardening or expansive outdoor living. The trade-off is clear—you are investing primarily in the modern building itself within a sought-after area, not in land size.
Frequently Asked Questions
1. Is the lot size a concern?
The land area of 2,518 sqft is significantly smaller than most lots on the street and in the city. This means a smaller yard and potentially less privacy, but also far less maintenance. It’s a practical choice for those who don’t want extensive outdoor chores.
2. How does the sold price compare to the assessed value?
The home sold for an estimated $350k–$400k in late 2023. The assessed value is $365k, which falls within that range. This indicates the assessment is closely aligned with recent market activity.
3. Why is the assessed value above the neighborhood average?
The assessed value reflects the home’s modern age (2013) compared to the neighborhood’s much older average (1935). Newer construction, with contemporary materials and systems, typically commands a higher value per square foot than older homes requiring updates.
4. What are the verification steps for exact sold prices?
The site provides sold price ranges based on public data. To receive the exact, verified sold price and full transaction history, you must request it via email from the service, as they manually look up this information outside of the MLS system.
5. What does the living area ranking mean for daily life?
At 901 sqft, the home’s interior space is around average for Norwood East but below the Winnipeg average. This points to an efficient, likely open-concept floor plan suitable for individuals, couples, or small families. Buyers should consider if the layout and storage meet their long-term needs.