Property Overview: 201 Claremont Avenue, Norwood West
Key Characteristics & Appeal
This 1927 home in Norwood West presents a distinct value proposition centered on its land and location. At just over 1,000 sqft, the living space is notably smaller than most homes on its street and in the wider neighborhood. However, it sits on a lot that is larger than average for the immediate area, offering valuable outdoor space and potential. The assessed value is below average for Norwood West but aligns more closely with the Winnipeg citywide average, suggesting a more accessible entry point into a established community.
Its primary appeal lies in being a practical, lower-footprint home on a desirable lot in a mature neighborhood. It suits a specific buyer: perhaps a first-time homeowner, a downsizer, or an investor looking for a character home with land value, who prioritizes location and lot size over immediate square footage. It’s a property where the value is arguably in the land and the community rather than in the size of the existing structure, making it a candidate for those with a vision for renovation or expansion, or who simply value a larger yard over a larger house.
Frequently Asked Questions
1. Is the house too small compared to others on the street?
Yes, the living area is significantly smaller than the street average. This is a compact home, so buyers for whom interior space is the top priority should take note. The trade-off is the larger-than-average lot size.
2. Why is the assessed value lower than the neighborhood average?
The assessed value reflects the property’s characteristics, primarily its smaller living area and older age relative to many area homes. It positions the property at a more moderate price point within a desirable neighborhood.
3. What does "Sold price: Top 90%" mean for the street?
This metric indicates the home’s last sold price was higher than approximately 90% of the recorded sale prices on Claremont Avenue. This suggests it may have sold at a premium relative to other sales on the street, which could be due to market timing, condition, or its lot size.
4. How does the lot size compare?
This is a key feature. The land area is in the top 10% on Claremont Avenue and top 20% in Norwood West, meaning the lot is genuinely larger than most in the immediate vicinity.
5. Where can I get the exact historical sold price?
The site provides sold price ranges publicly. Due to industry data rules, exact sold prices and full transaction histories are not displayed automatically but can be requested directly from the site via email for verified figures.