Property Overview
146 Tache Avenue is a well-established home in Winnipeg's Norwood West neighbourhood. Built in 1940, it sits on a generous, above-average lot of nearly 6,000 sqft. With 1,468 sqft of living space, the home offers a comfortable size that is typical for the area. Its assessed value of $492k positions it above average for the street and broader neighbourhood, suggesting a property with solid inherent value or desirable features not captured in the basic metrics.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong positional value within a mature community. The lot size is a significant asset, offering more outdoor space than most homes on Tache Avenue and in Norwood West, which is ideal for gardening, expansion, or simply enjoying a larger yard. While the home itself is from the 1940s, its assessed value ranking in the top 20% locally indicates it has likely been updated or maintained to a good standard. The recent sale history shows a notable increase in value between 2020 and 2023, reflecting strong market demand for the location.
This home would suit a buyer looking for character and space in a central neighbourhood. It’s ideal for someone who appreciates the stability of an older community and sees potential in a larger lot, whether for immediate use or future projects. It may also appeal to a value-conscious buyer seeking a home with an above-average assessment relative to its immediate peers, which can be a marker of good long-term equity.
Frequently Asked Questions
1. What does the "above average" assessed value ranking actually mean?
It means this home’s official city assessment is higher than 80% of similar homes on its street and roughly 80% in Norwood West. This often reflects factors like lot size, property condition, or improvements that the city deems to add value compared to neighbouring properties.
2. The home was built in 1940. What should I consider?
While the structure is solid, a home of this age will likely have older infrastructure. A thorough inspection is essential to understand the condition of the roof, wiring, plumbing, and foundation. On the positive side, homes from this era often feature better-quality craftsmanship and architectural character not found in newer builds.
3. How stable has the property's value been?
Based on the available data, the home sold between $400k-$450k in 2020 and then between $500k-$550k in 2023. This represents significant appreciation over a three-year period, though past performance is not a guarantee of future results.
4. The lot is large for the area. What are the advantages?
A nearly 6,000 sqft lot in Norwood West offers more privacy, space for recreation, and landscaping possibilities than smaller plots. It also provides potential for future additions like a garage, deck, or garden suite, subject to city zoning bylaws.
5. Where can I get the exact historical sale prices?
The site provides sold price ranges publicly. To obtain the exact sale figures, you must request them directly via email from the site administrators, as they manually look up and provide this data due to industry regulations that prevent its direct publication.