Property Overview
107 Lawndale Avenue is a 1,248 sqft home built in 1942, situated on a notably generous 5,998 sqft lot in Norwood West. With an assessed value of $439k, it presents a specific blend of characteristics that define its place in the market.
Key Characteristics, Appeal & Ideal Buyer
The primary strength of this property is its land. The lot size is elite for Lawndale Avenue (ranking in the top 4% on the street) and above average for the wider Norwood West area. This offers significant outdoor space and potential not commonly found in the neighbourhood, especially for a home of this vintage. The living area is modest, below the street average but close to the city-wide norm, suggesting a home where the balance leans toward yard over interior square footage.
Its appeal lies in this land-to-building ratio, offering a classic "fix-and-flip" or "hold-and-renovate" opportunity for those valuing outdoor space, gardening, or future expansion potential in a central location. The assessed value sits above the Winnipeg city-wide average, indicating the market recognizes the lot premium.
This home would best suit a value-conscious buyer or investor who sees potential beyond the current structure. It’s ideal for someone comfortable with a home from the 1940s, possibly planning updates, and who prioritizes a large, private yard in a mature neighbourhood over a large, modern interior. It’s less suited for those seeking a turn-key, maximized living space without renovation plans.
Frequently Asked Questions
1. Is the price fair based on recent sales?
The home last sold between $400k-$450k in late 2020. Its current assessed value of $439k is above the city-wide average, which typically reflects the desirable lot size. A market evaluation would be needed to determine if this assessment aligns with current 2024/2025 sale prices for similar properties.
2. What does the lot size ranking actually mean?
Ranking in the "top 4%" on the street means that 96% of comparable homes on Lawndale Avenue have a smaller lot. This is the property's standout feature, offering more outdoor space than nearly all its immediate neighbours.
3. How much work might a home from 1942 need?
While the systems and structure may have been updated over time, a home of this age typically requires careful inspection. Buyers should budget for potential updates to wiring, plumbing, insulation, and windows to meet modern standards and efficiency.
4. Why is the living area considered below average for the street?
The data shows comparable homes on Lawndale Avenue average about 1,469 sqft. At 1,248 sqft, this home offers about 15% less interior space than that street average, which is a trade-off for the larger lot.
5. How can I verify the exact past sale price?
The site provides sold price ranges for non-members. To obtain the exact sale price and full history, you must request it directly from the site via email, as they manually look up and provide this data due to industry regulations.