Property Overview: 175 Lyndale Drive, Norwood West, Winnipeg
Key Characteristics & Appeal
This 1,313 sqft bungalow, built in 1949, sits on a 5,991 sqft lot in the established Norwood West neighborhood. Its core appeal lies in its position as a competitively assessed entry point into a desirable area. The home's assessed value of $411k is notably below the average for Lyndale Drive itself, suggesting a relative value opportunity on a street of generally higher-valued homes. While the living space is modest compared to immediate neighbors, it is squarely average for the wider city, representing a practical footprint.
The property would suit first-time buyers or downsizers seeking character and location over sheer size. It offers the potential for gradual updates or an expansion, supported by a lot size that is generous for the central city. A thoughtful perspective is that this home represents the "bones" of the neighborhood—it's one of the older homes on the block, which can mean classic construction but also underscores the importance of a thorough inspection for a property of this age. Its value story is strongest when viewed as an affordable pathway into a well-regarded community, rather than as the largest or most modern home on the street.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value of $411k is for municipal tax purposes. Market value is determined by current sale prices, which can be higher or lower. The data shows it sold between $350k-$400k in April 2021, and its assessment is now below the street average, which may indicate value relative to neighbors.
2. What should I consider about a home built in 1949?
Homes of this era often feature solid construction but may require updates to major systems like plumbing, electrical, or insulation. A pre-purchase home inspection is highly recommended to understand the condition and any potential upcoming investments.
3. Is the lot size typical for the area?
At just under 6,000 sqft, the lot is slightly smaller than others on Lyndale Drive but is average for the broader Norwood West area. It provides ample outdoor space for a city property.
4. Can I see the exact historical sale prices?
The public data shows sale price ranges. To obtain the exact sale figures and full transaction history, you must request a manual lookup via email from the site, as they do not display MLS sold records.
5. How does this home rank compared to others?
The rankings show a mixed picture: it's newer than most on its street and in Norwood West, but its living area and lot size are more average or below average for the immediate vicinity. Its key standout is its assessed value being in a lower tier on its own street, which could be a point of negotiation or opportunity.