Property Overview: 253 Metcalfe Avenue, Norwood West, Winnipeg
Key Characteristics & Appeal
This 1927 home on Metcalfe Avenue presents a practical entry point into the established Norwood West neighborhood. At 962 sqft, its living space is typical for the street but notably smaller than the broader area and city averages. This positions it as a more manageable property, potentially requiring less upkeep than larger historic homes. Its primary appeal lies in its value proposition: with an assessed value significantly below neighborhood and city averages, it offers relative affordability in a desirable location. The lot size, while modest for the area, is consistent with others on the block.
This home would suit first-time buyers or downsizers seeking a character-home neighborhood without the premium price tag of a larger property. It’s a pragmatic choice for those who value location over square footage and are comfortable with a home that may require updates. A thoughtful perspective is its potential as a “foot-in-the-door” property for the area, allowing owners to build equity in a stable community. Its average age for the street suggests its systems and structure are in a similar state to its immediate neighbors, which can be helpful for anticipating maintenance.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $150,000 and $200,000 in late 2016. Its current assessed value of $209,000 is below the street’s average assessment of approximately $260,000, indicating it may be priced lower than many direct neighbors.
2. Is the living space too small compared to the neighborhood?
While the living area is below the Norwood West average, it is very close to the average for Metcalfe Avenue itself. This suggests the street consists of similarly scaled homes, so the size is typical for its immediate surroundings.
3. What should I consider about the age of the home?
Built in 1927, it is of a similar vintage to most homes on the street and slightly older than the neighborhood average. Prospective buyers should budget for potential updates to aging components like plumbing, electrical, or the roof, which is common for homes of this era.
4. How does the lot size impact its potential?
The lot is smaller than many in Norwood West but average for the street. This means outdoor space is limited compared to the area norm, but it also translates to less yard maintenance. Expansion or major additions may be constrained by the lot dimensions.
5. How can I verify the exact historical sale price?
The public data shows a sold price range. To obtain the exact sale figure and a full transaction history, you must request a manual lookup from the site via email, as they do not display MLS sold records directly.