Property Overview: 103 Lloyd Street, Norwood West, Winnipeg
Key Characteristics & Appeal
This 1,044 sqft home, built in 1979, presents a compelling mix of relative modernity and established neighborhood character. Its primary appeal lies in its standout position on Lloyd Street, where it ranks well above the local average for both living space and assessed value. Compared to its immediate neighbors, it is a larger, newer, and more highly valued property. This creates a unique value proposition: you get a more contemporary home (avoiding the maintenance nuances of a century-old property) within a historic, tree-lined area.
The property would suit practical buyers seeking a manageable-sized home without sacrificing outdoor space, as the 3,875 sqft lot is generous for the street. It’s an ideal fit for first-time homeowners or downsizers who want the charm of Norwood West but prefer a home from a later era with likely modernized systems and layout. The data suggests a buyer who values being a "big fish in a small pond"—owning one of the more substantial properties on the block—rather than seeking the largest home in the wider area.
Frequently Asked Questions
1. How does this home’s 1979 build date affect its value?
It’s a significant advantage on this street, where the average home was built in 1922. This typically means fewer concerns with outdated wiring, plumbing, or foundations common in century-old homes, potentially reducing immediate renovation costs.
2. The assessed value is above average for the street but below average for Norwood West. What does this mean?
This indicates the home is a higher-tier property on Lloyd Street itself, but Lloyd Street may be a more modestly priced lane within the broader, desirable Norwood West neighborhood. You are paying for a premium home on its specific block.
3. Is the lot size a drawback?
While below the neighborhood average, the lot is actually larger than the average lot on Lloyd Street. It provides ample private outdoor space for a home of this size and is unlikely to feel cramped in its immediate context.
4. What can the 2019 sale price range tell me?
The prior sale in the CA$250k–300k range, when compared to the current $348k assessment, indicates significant appreciation. For exact figures, you can request a manual lookup via the site’s email service.
5. Who might this property not suit?
Buyers seeking a vast, character-filled heritage home or the largest lot in Norwood West may find it too compact. It’s best for those who prioritize a newer build and efficient layout over sheer square footage or historic architectural detail.