Property Overview: 39 Cedar Place, Norwood West
Key Characteristics & Appeal
This home presents a compelling mix of established character and strong valuation. Built in 1948, it is a classic Winnipeg property with a living area of 1,273 sqft on a 5,497 sqft lot, offering comfortable space both indoors and out. The standout feature is its assessed value of $494,000, which ranks in the top 5% on its own street and the top 20% within the broader Norwood West area. This suggests a property that is well-regarded relative to its immediate peers, potentially due to factors like renovations, premium finishes, or a superior layout not captured in the basic square footage.
Its appeal lies in this value proposition within a mature neighbourhood. It suits buyers looking for a home with good bones in an established community, who may appreciate the potential stability and pride of owning one of the more highly assessed properties on the block. It would also fit a buyer not intimidated by an older home, possibly seeking a project to modernize while building on a solid foundation. A less obvious perspective is that its "newest on the block" status (ranked 20 of 20 by year on its street) could imply that surrounding homes have already undergone significant updates, setting a positive precedent for the area's upkeep and modernization.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessment of $494,000 is significantly above the street and area averages. This typically reflects recent improvements, premium materials, or desirable property features that municipal assessors have recognized, indicating the home is considered a higher-tier property within its local market.
2. What does the sold price range (CA$500k–550k) from 2023 tell us?
The recent sale in that price range confirms the assessed value is aligned with the market. It shows a buyer was willing to pay a premium over the area's average assessed value, reinforcing the property's perceived worth.
3. The home was built in 1948. What should I consider?
While the structure is sound, a home of this age will likely have older major systems (like plumbing, electrical, or the roof). A thorough inspection is essential. However, its age is actually above average for the wider Norwood West area, meaning the neighbourhood is full of well-maintained homes from this era.
4. How does the living space compare to other homes?
At 1,273 sqft, the living area is very close to the city-wide average. It provides ample space for a small family or couple but is not an unusually large layout. The data suggests you are paying for the quality and assessment, not an exceptionally large footprint.
5. How can I find out the exact sold price and history?
The site does not display exact sold prices from the MLS. To obtain the fully verified transaction history and exact sale figures, you must request a manual lookup via email through the provided link on the property page.