Property Overview: 162 Lyndale Drive, Norwood West, Winnipeg
Key Characteristics & Appeal
This home is defined by its impressive scale and substantial lot, offering a rare combination of space and location. Built in 1911, its primary appeal lies not in modern construction but in generous proportions that are uncommon today. With over 2,500 square feet of living space, it ranks within the top 3% of homes in Winnipeg for size. The true standout, however, is the nearly quarter-acre (10,867 sq ft) lot, placing it in the top 1% of the Norwood West area. This creates exceptional potential for gardens, expansion, or simply enjoying private outdoor space in a mature neighborhood.
The assessed value of $723k reflects this premium, ranking in the top 2% locally. It’s a property that trades modern build-year bragging rights for enduring attributes: space, land, and established character. It would best suit a buyer who values room to grow—whether for a large family, home-based pursuits, or long-term projects—and has the vision or resources to appreciate and potentially update a century-old home. It’s a solid investment in tangible assets (land and square footage) rather than a move-in-ready modern finish.
Frequently Asked Questions
1. What does the "Elite" or "Top X%" ranking mean for this home?
These rankings compare the home against similar properties on its street, in Norwood West, and across all of Winnipeg. For example, being in the "Top 1%" for Land Area in Norwood West means 99% of homes in the area have a smaller lot size. It highlights where this property excels (space, land) and where it is typical (its 1911 build year).
2. The home was built in 1911. What should I consider?
While the structure has proven its durability, a home of this age will likely require careful attention to foundational, electrical, and plumbing systems. Potential buyers should budget for thorough inspections and consider ongoing maintenance or modernization costs. The value here is in the enduring lot and footprint, not necessarily in contemporary fittings.
3. How does the $723k assessed value relate to the likely selling price?
Assessed value is for municipal tax purposes and is a useful benchmark, but not a direct predictor of market price. The last known sale was between $650k-$700k in early 2020. Market conditions, the home’s specific condition, and buyer demand will determine the final price. The high assessment does signal the city’s view of its relative worth based on land and size.
4. The lot is unusually large. Are there any restrictions on its use?
This should be verified with the city, but a lot of this size in a established neighborhood may offer opportunities like adding a garage, workshop, or even a secondary dwelling (where zoning allows). It also implies higher responsibility for landscaping and upkeep.
5. How can I find out the exact past sale prices?
The site provides sold price ranges publicly. Due to industry regulations, exact MLS sale figures are not displayed here. You can request the exact historical sold prices by emailing the site directly; they will provide the verified figures manually.