97 Hill Street

Property Overview: 97 Hill Street, Norwood East, Winnipeg

Key Characteristics & Buyer Appeal

This 1928-built home in Norwood East presents a practical opportunity. With 982 sqft of living space and a 3,958 sqft lot, its size is very typical for its immediate street and neighbourhood, offering a manageable footprint. The standout characteristic is its assessed value of $260k, which is notably below average compared to homes on its street, in Norwood East, and across Winnipeg. This suggests a potentially accessible entry point into the market. Recent sales data indicates it sold between $200k-$250k in late 2023.

Its appeal lies in its position as a character home in an established neighbourhood, likely appealing to those seeking a project or a straightforward, no-frills starter home. It would suit first-time buyers or practical investors looking for a lower-than-average assessed value, which can translate to lower property taxes. A thoughtful perspective is that while the home is older than the city average, it aligns with the historic character of Norwood East, potentially offering charm that newer builds lack, albeit with the considerations that come with a near-century-old structure.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value is for municipal tax purposes. The fact that it's consistently below local averages is noteworthy, but the actual market price is determined by recent sales, condition, and demand. The home's 2023 sale in the $200k-$250k range provides a more current market benchmark.

2. What does the living area and lot size mean for me?
At 982 sqft, the house is compact, efficient, and easier to maintain. The lot size is also very typical for the area. This is not a sprawling property; it's a standard setup for the neighbourhood, ideal for a small household or someone wanting minimal yard upkeep.

3. The home was built in 1928. What should I consider?
While its age is average for Norwood East, it's older than most Winnipeg homes. Prospective buyers should prioritize a thorough inspection to understand the condition of major systems (plumbing, electrical, foundation) and potential needs like windows or insulation updates, which are common for homes of this era.

4. How does this property rank compared to its neighbours?
The data shows it ranks in the middle-to-lower tier for size and value on its street. For key metrics like assessed value, it's in the bottom 15-20% on Hill Street. This indicates it may be a more modest offering compared to its immediate neighbours, which could mean a quieter street presence or an opportunity to add value.

5. How can I get the exact sale price history?
The exact sold prices are not published publicly on this site due to industry regulations. You can request the full transaction history and exact figures by emailing the site directly via the "Request exact figures by email" link provided. They will manually look up and provide the information.