Property Overview: 174 Coniston Street, Norwood West, Winnipeg
Key Characteristics & Buyer Appeal
This home is a classic, compact bungalow built in 1911, situated on a modest 2,400 sqft lot in the established Norwood West neighborhood. Its primary appeal lies in being an accessible entry point into a mature, sought-after area. With a living area of 938 sqft and a notably low assessed value of $206k—significantly below area averages—it represents one of the most affordable options in the community.
The property suits first-time buyers or investors seeking a foothold in a central neighborhood without a premium price tag. Its below-average metrics across size, value, and lot area suggest a "blank canvas" potential; the appeal is in the location and the possibility to renovate or expand over time, rather than in immediate move-in size or finishes. A thoughtful perspective is that the compact lot and home size translate to lower maintenance costs and property taxes, offering a simpler, more manageable lifestyle in a prime location. The last known sale was between 2016 and 2020 for an estimated $150k-$200k, indicating a history of being a value-oriented property.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value reflects the home's smaller size, age, and modest lot dimensions compared to other homes in Norwood West. It is characteristic of one of the more compact properties in the area, which is a key factor in its affordability.
2. What are the implications of the smaller lot size?
The 2,400 sqft lot is considerably smaller than typical lots in the area. This limits potential for large additions or extensive landscaping but also means less yard work and lower exterior maintenance responsibilities.
3. Is there potential to increase the living space?
Given the home's age and footprint, any expansion would require careful planning due to the smaller lot. However, renovations, a second-story addition, or a rear extension could be possibilities, subject to zoning and building regulations.
4. How reliable is the sold price data provided?
The sold price range is based on publicly available data, not the MLS. For fully verified, exact historical sale figures, you must request a manual lookup via email from the site.
5. What is the realistic buyer competition for a home like this?
Given its position as one of the lowest-valued homes in the neighborhood, it will likely attract buyers looking for affordability in a central location. Competition may come from first-time buyers and investors, rather than those seeking larger, turn-key homes.