Property Overview: 249 Metcalfe Avenue, Winnipeg
Key Characteristics & Appeal
This home at 249 Metcalfe Avenue in Norwood West presents a compelling mix of established character and relative value. Built in 1944, it sits on a 4,415 sqft lot, offering more outdoor space than most on its street. With 1,264 sqft of living area, it is notably larger than many immediate neighbours, ranking in the top 14% on its street for size. Its assessed value of $346,000 is the highest on Metcalfe Avenue, indicating it is viewed as a premium property within its immediate locale, yet it remains below the average assessed value for the broader Norwood West area.
The appeal lies in its position as a substantial, well-regarded home on a street of generally smaller, older properties. It suits a buyer looking for a character home in a mature neighbourhood who values a larger lot and more interior space than is typical for the immediate area, potentially offering room to grow or garden. It may also attract value-conscious buyers comparing it to higher-priced homes in the wider neighbourhood, seeing an opportunity in a property that stands out on its own block. A thoughtful perspective is that while the home is older, its above-average condition and size for the street could mean a more stable investment within the micro-market of Metcalfe Avenue.
Frequently Asked Questions
1. Why is the assessed value so high for this street?
The assessed value of $346,000 is ranked #1 out of 21 homes on Metcalfe Avenue. This suggests that, according to municipal assessment, this specific property has attributes—such as its larger living area, lot size, and condition—that make it more valuable than its immediate neighbours.
2. How does the sold price range relate to the assessed value?
The property sold for between $300,000 and $350,000. This sold price range aligns closely with the $346,000 assessed value, indicating the market transaction validated the municipal assessment at the time of sale.
3. Is the lot size a pro or a con?
It depends on your priorities. At 4,415 sqft, the lot is larger than the average on Metcalfe Avenue, which is a benefit for privacy, outdoor space, and potential uses. However, it is below the average lot size for the wider Norwood West area, so it may not feel as expansive as some other neighbourhood properties.
4. What does the "below average" ranking for value in Norwood West mean?
While the home has the highest value on its street, it ranks below the neighbourhood average (Top 79%). This simply means that the average assessed value in all of Norwood West is higher ($426.1k). It highlights that this property may offer a more accessible price point into the neighbourhood compared to other area homes.
5. How can I get the exact sold price?
The exact sold price is not publicly displayed due to industry data rules. You can request the exact figure by emailing the site via the "Request exact figures by email" button. They will perform a manual lookup and send you the verified information.