Property Overview: 101 Lloyd Street, Norwood West, Winnipeg
Key Characteristics & Appeal
This home at 101 Lloyd Street is a classic, early 20th-century property built in 1913, situated on a standard residential lot in the established Norwood West neighbourhood. Its key appeal lies in its position as a relatively affordable entry point into a mature area. With a living area of 798 sq ft and an assessed value of $239,000, it stands well below the averages for both its immediate area and the wider city. This creates a value proposition for a specific buyer.
The data reveals a clear narrative: this is a smaller, older home on a modest lot that is fairly typical for its own street but becomes notably more affordable when compared to its broader neighbourhood and Winnipeg overall. Its last known sale was between $250,000-$300,000 in late 2020. The appeal is grounded in practicality and location over size or modern luxury. It would best suit first-time buyers, downsizers, or investors seeking a character home with a lower financial barrier to entry in a central neighbourhood. A thoughtful perspective is that its "below average" metrics for the area could represent a lower-cost opportunity to own in a desirable locale, with the understanding that updates or expansions may be part of the long-term plan.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
Its assessed value of $239,000 is below the street average of approximately $273,000, ranking it in the bottom third (33rd out of 45) on Lloyd Street for value. This suggests it may be more modestly sized or appointed than some immediate neighbours.
2. Is the living space smaller than most homes in Winnipeg?
Yes. At 798 sq ft, the living area is significantly below the Winnipeg city-wide average of about 1,342 sq ft, placing it in the top 9% of smallest homes by this metric. It is also smaller than the typical Norwood West home.
3. What can the 1913 build date tell me?
As a 113-year-old home, it is older than most in the city. Prospective buyers should budget for potential maintenance or updates consistent with its age, such as checking the condition of the foundation, roof, wiring, and plumbing. A thorough inspection is essential.
4. How reliable is the sold price information shown?
The listed sale price range from December 2020 is based on publicly available data, not the MLS. The site notes that for fully verified, exact historical sale figures, you must request them directly via email from their team.
5. Are the property taxes likely to be lower because of the assessed value?
While a lower assessed value generally correlates with lower property taxes, the final tax bill is determined by applying the municipal tax rate to this assessment. It is advisable to confirm estimated taxes, as they can vary.