Property Overview: 23 Rosewood Place, Norwood West, Winnipeg
Key Characteristics & Appeal
This 1,365 sqft home, built in 1948, presents a solid, no-surprises offering in the established Norwood West neighborhood. Its primary appeal lies in its value proposition and lot size. With an assessed value of $325k, it sits notably below the averages for both its immediate street ($407.7k) and neighborhood ($426.1k), suggesting a potentially attractive entry point into the area. The 5,497 sqft lot is above average for the street, offering good outdoor space relative to nearby homes.
The home suits practical buyers seeking character and space without a premium price tag. It’s ideal for a first-time buyer or an investor looking at Norwood West’s stable market, or for someone who values a larger yard in a mature community. A less obvious point is its "vintage consistency": being built in 1948, it matches the exact average year built for its street, indicating it’s a core part of the original streetscape without being an outlier. This isn't a newly renovated showcase home; its value is grounded in its land and position as one of the more affordable options on a street of higher-valued properties.
Frequently Asked Questions
1. Is the below-average assessed value a red flag?
Not necessarily. A lower assessment can indicate an opportunity, but it often reflects the home’s current condition, updates needed, or specific features compared to neighbors. It’s a starting point for value discussions, not a definitive marker.
2. How does the living area compare for a family?
At 1,365 sqft, it’s very close to the Winnipeg average. It’s sufficient for a small to medium family, but the layout and room sizes will be more important than the square footage alone. Checking the floor plan is advised.
3. What does the "Elite" ranking for year built mean?
This only means it is one of the newer homes on its street (ranked #1 out of 27). On Rosewood Place, the average home was built in 1948, and this home is from that same year. It doesn’t imply the home is modern, but that it isn’t an older outlier on its block.
4. Why is there no sales history shown?
Publicly available sold price data for this specific property may be incomplete or unavailable for the displayed timeframe. The site notes that exact, verified sales history can be requested directly from them via email.
5. Are the nearby comparison homes similar?
The provided examples, like 92 Lawndale Ave and 235 Lyndale Drive, show a wide range in value and size for similar-aged homes in Norwood West. This highlights that factors like updates, additions, and specific location on a block cause significant value variation, making direct comparisons difficult without more detail.