Property Overview
31 Larchwood Place is a well-established home in Winnipeg's Norwood West neighbourhood. Built in 1948, it offers 1,956 square feet of living space on a 5,387 square foot lot, with a current assessed value of $473,000.
Key Characteristics, Appeal & Ideal Buyer
The primary appeal of this home lies in its generous above-average living space. Its square footage places it comfortably within the top 15% of homes in both its immediate area and citywide, offering more room than most comparable properties. This is a solid, older character home in a mature neighbourhood, reflected in its assessed value which also ranks above average at the city and community level.
Its appeal is nuanced. While the lot size is slightly below average for Norwood West, it is very typical for the specific street and close to the citywide norm, suggesting a balanced, established streetscape. The 1948 build date is older than the Winnipeg average but is actually newer than many homes in Norwood West and on Larchwood Place itself, indicating it's among the more recent builds in a historic area.
This property would best suit a buyer who values space and established neighbourhood character over a brand-new build. It’s ideal for someone looking for a home with a proven history and larger interior dimensions, who appreciates being in a community where the homes have a sense of permanence and maturity. It may also appeal to a value-conscious buyer who sees potential in a property that already boasts strong fundamentals in size and assessment.
Frequently Asked Questions
How does this home’s size compare to others nearby?
At 1,956 sq ft, the living area is notably larger than average. It ranks in the top 14% in Norwood West and the top 12% across Winnipeg, meaning it offers more interior space than the vast majority of comparable homes.
Is the assessed value high for the area?
The $473,000 assessment is above average. It ranks in the top 25% for Norwood West and the top 24% citywide, indicating the property is valued higher than most, which often correlates with its larger living area and the specific market of the neighbourhood.
The home was built in 1948. Is it older than most in Winnipeg?
Interestingly, while it is older than the overall Winnipeg average, it is actually newer than many homes in its own community of Norwood West and on its street, ranking in the top 12% and 10% respectively for year built in those groups.
What is the lot size like?
The 5,387 sq ft lot is very close to the average for Larchwood Place and Norwood West. While it is below the larger citywide average lot size, it is typical for this established inner-city neighbourhood.
Can I find out the exact historical sale price?
The provided data shows a sale occurred in July 2020 within the $350,000–$400,000 range. For fully verified figures and a complete transaction history, you must request a manual lookup by email, as this site does not display MLS sold records.