Property Overview: 209 Hill Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This home at 209 Hill Street presents a compelling mix of space, value, and established neighbourhood character. Its primary strength lies in its generous living area of 1,661 sq ft, which ranks in the top 7-9% for its immediate street and broader Norwood East area, offering significantly more interior space than most local comparables. This is paired with a high assessed value of $538,000, placing it in the top 4% for the area, indicating a property that is both substantial and highly valued relative to its surroundings.
The appeal is rooted in this "above-average" proposition: you are acquiring a home with more room and a higher valuation benchmark than most in a mature, central neighbourhood. It would suit buyers who prioritize interior space and established community charm over a new build or a very large lot, as the trade-off is an older home (built in 1913) on a lot that is slightly smaller than area averages. The recent sale history shows strong and consistent appreciation, suggesting a well-regarded asset. This property is ideal for someone seeking a character home with room to grow, who understands that a century-old house may require thoughtful updates but offers a unique presence and scale that newer builds in the area often do not.
Frequently Asked Questions
1. Why is the assessed value so much higher than the area average?
The assessed value of $538,000 is in the elite tier for Norwood East, largely reflecting the home's above-average living area and its recent sale price history. It suggests the property offers features, condition, or location advantages that the market has consistently recognized as premium within the neighbourhood context.
2. What should I consider about a house built in 1913?
While offering classic character, a home of this age will likely have older mechanical systems (like plumbing and wiring), windows, and insulation. A thorough inspection is essential to understand the state of these components and budget for any necessary updates or maintenance that preserve the home's integrity while improving efficiency.
3. The lot is noted as slightly below average in size. Is that a major drawback?
For this specific property, the lot size is a trade-off for the extensive interior space. It means the yard may be more intimate, but it also typically translates to less exterior maintenance. It aligns with the profile of a buyer more focused on indoor living area and the established streetscape than on expansive private outdoor space.
4. How reliable are the provided past sale prices?
The listed sale ranges are based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as industry rules prevent the display of official MLS records here.
5. The home sold fairly recently in 2022. What does that indicate?
The 2022 sale in the $600k-$650k range, following a 2018 sale in the $450k-$500k range, demonstrates strong market momentum and appreciation for this property prior to the current listing. It underscores the home's desirability but also means potential buyers should seek to understand the seller's reason for moving again after a relatively short period.