Property Overview: 191 Lyndale Drive, Norwood West, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of space, location, and established character. Its primary strength is its generous scale: at 2,289 sqft, the living area ranks in the top 5% for both the Norwood West neighborhood and the city of Winnipeg, offering significantly more room than typical local homes. This is complemented by a large, private lot of 8,738 sqft, which is in the top 3% for the area, providing ample outdoor potential.
The appeal lies in securing an above-average property in a mature, sought-after neighborhood. While the home itself is a classic 1948 build, its assessed value of $630k is well above area and city averages, reflecting the premium for its lot size and interior space. It suits buyers who prioritize room over new construction—ideal for families seeking space to grow, or those who value the established trees and larger parcel sizes of older communities. A thoughtful perspective is that this property offers a "value-add" opportunity: its below-average city ranking for year built suggests that thoughtful updates could significantly enhance its value relative to its already premium lot and square footage.
Frequently Asked Questions
1. How does the sold price from 2017 relate to the current assessed value?
The home sold for between $350k-$400k in late 2017. The current assessed value of $630k reflects market appreciation over seven years and is consistent with the home's above-average rankings for size and lot in a desirable area.
2. Is the lot size unusual for the area?
Yes. The lot is approximately 8,700 sqft, which is notably larger than the neighborhood average (~5,600 sqft) and street average (~6,500 sqft), placing it in the elite tier locally. This is a key feature of the property.
3. The home was built in 1948. Should I be concerned about its condition?
The year built is typical for the street but older than the Winnipeg average. This is common for established neighborhoods like Norwood West. A thorough inspection is always recommended to understand the condition of major systems, roof, and structure, and to identify any modernization needs.
4. The assessed value seems high for the street. Why is that?
While the assessed value is above the street's average, it aligns with the home's standout features: its living area is much larger than most on the street, and its lot size is significantly above average. The assessment reflects these premium physical attributes.
5. How can I get the exact historical sold prices?
The site provides estimated price ranges. Due to industry regulations, exact sold price data is not displayed publicly. You can request the full transaction history and exact figures via email from the site provider, who will manually look up the verified records.