Property Overview: 106 St. Mary's Road, Norwood West
Key Characteristics & Appeal
This 1927 home in Norwood West presents a practical, entry-level opportunity in a well-established neighborhood. With 912 sqft of living space, it is notably compact compared to area averages, suggesting a simpler layout that prioritizes efficiency over size. Its assessed value of $318k sits below the neighborhood average, indicating a relatively accessible price point for the area.
The primary appeal lies in its location and value proposition. It suits first-time buyers, downsizers, or investors seeking a foothold in a central Winnipeg neighborhood without a premium price tag. The very small lot (3,524 sqft) is a significant characteristic; it means minimal yard maintenance but also limited outdoor private space. A thoughtful perspective is that this home likely represents the more modest, working-class history of the street, which now has an average assessed value nearly $180k higher. This creates a potential value gap for a buyer willing to modernize a character home. Its last sale in the $300k-$350k range aligns with its below-average assessment, reinforcing its status as a more affordable option in the context of its immediate surroundings.
Frequently Asked Questions
1. Is the living area too small?
At 912 sqft, the home is smaller than most in Norwood West and on St. Mary's Road itself. It would suit those looking for a cozy, low-maintenance space rather than a sprawling family home. The efficient use of space will be a key factor.
2. Why is the assessed value lower than the street average?
The assessed value of $318k is significantly lower than the street average of ~$496k. This typically reflects the home's smaller size, older vintage, and potentially its current condition or layout compared to larger, more updated homes on the same block.
3. What does the very small lot size mean for me?
The lot of 3,524 sqft is among the smallest in the area. The benefit is extremely low yard upkeep. The trade-off is very limited private outdoor space and potentially less privacy from neighbors, which is an important consideration for some buyers.
4. How reliable is the sold price data shown?
The site notes that sold prices are based on public internet data, not the MLS, and are presented as a range unless you request exact figures. For fully verified sale history and exact prices, you must contact the site directly for a manual lookup.
5. What is the neighborhood like for a home of this size and age?
Norwood West is a mature neighborhood with homes of varying sizes and eras. This property is older and more compact than the area average, suggesting it might appeal to those seeking affordability and character in a central location, rather than the typical larger, renovated homes found nearby.