Property Overview: 34 Larchwood Place, Norwood West, Winnipeg
Key Characteristics & Appeal
This 1,167 sqft bungalow, built in 1948, sits on a 5,385 sqft lot in the established Norwood West neighborhood. The data presents a home with a balanced, grounded profile. Its assessed value of $455k is consistently above average for both the wider city and the local area, suggesting a perception of solid value relative to its peers. Interestingly, while the living space is modest compared to others on its street, it is quite typical for Winnipeg overall. The lot size follows a similar pattern—slightly smaller than many in Norwood West but average citywide.
The appeal lies in this balance. It’s a home that offers the charm and mature setting of one of Winnipeg’s older neighborhoods, without an extreme premium on lot or living space. Its 1948 build date is notably older than the city average, which may attract buyers who appreciate classic character and construction, but it also implies a need for diligent maintenance and potential updates. This property would suit a practical buyer—perhaps a small family, couple, or downsizer—who values location and a established community over sheer square footage. It’s for someone comfortable with a home that has a history and sees the above-average assessed value as a marker of stable investment in a desirable area, rather than a fixer-upper bargain.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $455k is for municipal tax purposes and is a historical snapshot. It can be a useful benchmark, but the market sale price is determined by current conditions. The home last sold in July 2023 for an estimated $500k-$550k, which provides a more recent market reference point.
2. The living area seems smaller than neighbors'. Is the home significantly different?
At 1,167 sqft, it is below the average for Larchwood Place (1,417 sqft). This could indicate a more compact layout, fewer additions, or a different original floor plan. It’s advisable to review the interior layout carefully to ensure it meets your spatial needs.
3. What should I consider with a home built in 1948?
Homes of this vintage often feature solid construction and classic design. However, prospective buyers should pay special attention to the age and condition of major systems (like plumbing, electrical, and heating), the presence of insulation, and the potential for materials like original single-pane windows or older roofing. A thorough inspection is essential.
4. The lot is noted as "below average" for the area. Is that a major concern?
At 5,385 sqft, the lot is smaller than the Norwood West average but is still a generous city lot by modern standards. It offers ample outdoor space for gardening, recreation, or additions, but may have slightly less privacy or yard space than some immediate neighbors.
5. How can I get the exact historical sale prices?
The site provides sold price ranges for transparency. Due to industry regulations, exact MLS sale figures are not published here. You can request the exact sold price history by email through the site’s provided form, and the information will be sent to you manually.