Property Overview: 14 Hemlock Place, Norwood West, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot. Built in 1948, the 1,134 sqft living space is modest compared to immediate neighbors, but the property’s true standout feature is its 7,533 sqft land area, which ranks in the top 5% on its street and in the Norwood West area. This creates a rare opportunity in a mature neighborhood: significant outdoor space for gardens, recreation, or expansion, all on a quiet, established street.
The appeal lies in this land-to-house ratio. The assessed value of $411k is consistently around the average for its local context, suggesting the market price reflects a balanced view of the older, cozier home interior and the premium lot. It suits a specific buyer: someone who prioritizes private outdoor space over a large existing footprint, and who is either comfortable with the character and potential maintenance of a 78-year-old home or sees the land as a long-term asset for renovation or redevelopment. It’s a practical choice for gardeners, families wanting a large yard, or investors/owners with future building plans.
Frequently Asked Questions
1. Is the house small for the neighborhood?
Yes, in terms of living area. The home’s square footage is below the average for both Hemlock Place and the wider Norwood West area, indicating most nearby houses are larger. The value is balanced by the much larger-than-average lot size.
2. What does the "Elite" ranking for Land Area mean?
It means this property’s lot size is larger than 95-96% of comparable properties on its street and in the Norwood West area. It’s a statistically rare find in its immediate locale.
3. How current is the assessed value, and is it the same as the market price?
The assessed value ($411k) is for taxation purposes and is typically based on historical market data. It is a useful benchmark but not a guaranteed sale price, which is determined by current market conditions, the home’s interior condition, and buyer demand.
4. The home sold in 2016. Can I find out the exact sale price?
According to the site’s notes, exact sold prices are not displayed publicly due to data source rules. They offer a manual lookup service via email to provide exact historical figures.
5. What are the potential considerations with a 1948 build?
While the build year is not unusually old for the area, a home of this age likely has original or aging core components. Prospective buyers should budget for and investigate the condition of the roof, foundation, plumbing, electrical systems, and insulation, as updates may be needed or planned.