Property Overview: 208 Pinedale Avenue, Norwood West, Winnipeg
Key Characteristics & Appeal
This home is a study in contrasts, defined by its vintage charm and its position as a more modest and affordable entry point in a desirable neighborhood. Built in 1913, it is the oldest home on its street and sits on a slightly larger-than-average lot for the area (just under 6,000 sqft). Its primary characteristic is its compact size, with a living area of 816 sqft that ranks below average for the street, neighborhood, and city. This is reflected in its assessed value of $256k, which is the lowest on Pinedale Avenue and well below local averages.
The appeal lies squarely in opportunity. It suits a first-time buyer, an investor, or a downsizer seeking a lower-cost foothold in Norwood West—a mature, established area. The generous lot presents a clear long-term value proposition, offering potential for expansion, gardening, or outdoor space that newer infill properties often lack. While the home itself requires a realistic perspective on space, its recent sale history suggests it is a viable, lower-barrier option in a market where similar locations often command a significant premium. It’s a property for those who value location and land over immediate square footage, and who see potential where others might only see a small footprint.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While assessed values are for municipal tax purposes, the fact that this home’s assessment is the lowest on the street is a strong indicator of its relative market position. Its recent sold price (2023) fell within a range that aligns with this lower assessment, suggesting it is priced for its specific characteristics.
2. What are the implications of it being the oldest home on the street?
This typically means greater character but also necessitates a thorough inspection. Buyers should budget for maintenance and updates consistent with a 110+ year-old home, from potential knob-and-tube wiring to older plumbing. However, it also means the home is likely surrounded by more recently built or updated properties.
3. Can the house be expanded, given the lot size?
The lot is larger than many on the street, which is the key factor enabling potential expansion or additions. Any expansion would be subject to local zoning bylaws, setback requirements, and permit approvals, but the physical space on the property is a definite asset.
4. How accurate are the sold price ranges shown?
The site provides sold price ranges based on public data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via email, as noted in the data disclaimer.
5. What does the "Top X%" ranking actually mean for value?
These rankings compare this specific property against peers. For example, being in the "Top 100%" for assessed value on the street means it has the lowest value—it outperforms 0% of peers. This system highlights how this property differs from averages, underscoring its affordability and smaller size relative to its surroundings.