Property Overview: 110 Chandos Avenue, Norwood West, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition within the established Norwood West neighborhood. Its key characteristic is a below-average assessed value of $248k, which is notably lower than averages for the street ($345.5k), neighborhood ($426.1k), and city ($390.1k). The living area of 1,165 sqft is modest but functional, ranking around average for Winnipeg overall. The property is one of the older homes in the area, built in 1908, and sits on a smaller, 2,985 sqft lot.
The primary appeal lies in its affordability and entry-point access to a mature, central neighborhood. It suits first-time buyers, investors, or downsizers seeking a lower upfront cost and potentially lower property taxes, with the trade-off being an older home that may require updates. A thoughtful perspective is that this lower valuation could provide more financial flexibility for renovations tailored to the new owner's tastes, rather than paying a premium for a recently modernized home. Its recent sale history (sold between $150k-$200k in 2021) suggests it has been an accessible property, potentially offering room for equity growth in a well-regarded area.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value is influenced by several factors visible in the data: the home is significantly older than most in Norwood West, has a smaller living area, and sits on a lot that is about half the neighborhood average. These characteristics typically result in a lower municipal assessment.
2. What does the "Sold Price" range indicate?
The property sold for between $150,000 and $200,000 in September 2021. This range, rather than an exact figure, is provided from public records. For verified, exact historical sale prices, you can request a manual lookup from the site.
3. Is the smaller lot size a major disadvantage?
It depends on your priorities. While it offers less private outdoor space than many neighboring properties, it can mean less maintenance. For some buyers, the trade-off for a lower price and a location in a central neighborhood is worthwhile.
4. As an older home, what should I consider?
Built in 1908, the home likely has character but may require more attention to aging components like plumbing, electrical, windows, and insulation. A thorough inspection is essential. The data shows it is among the oldest 4% of comparable homes city-wide.
5. How does this home compare to others on the same street?
The data shows it ranks below the street average in living area, assessed value, year built, and land area. This indicates it is one of the more modest and affordable properties on Chandos Avenue, which could be an advantage for budget-conscious buyers looking at this specific block.