Property Overview: 5-96 Lloyd Street, Norwood West, Winnipeg
Section 1: Key Characteristics & Appeal
This property at 5-96 Lloyd Street presents a compelling case as a modern standout in a well-established neighborhood. Built in 1990, it is a notably newer construction compared to most homes in Norwood West, where the average comparable home dates to 1963. With 1,132 square feet of living area, it offers significantly more space than the neighborhood norm (659 sqft avg.), ranking it in the top 1% locally. Its assessed value of $256k aligns with the Winnipeg average but is well above the area average, reflecting its premium position within Norwood West.
The primary appeal lies in its combination of relative modernity and above-average space for the area, offering a more contemporary living experience without sacrificing the charm of a mature neighborhood. It suits buyers looking for a "best-in-class" property on a local level—specifically, those who want a home that requires less immediate updating than the area's many century-old houses, or downsizers from larger properties who still desire generous room sizes. A thoughtful perspective is that while its city-wide metrics are average, its elite local standing could provide a relative buffer in market fluctuations specific to the neighborhood, making it a stable, quality-focused choice.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, the last sale was between $250k-$300k in September 2022, which placed it in the top 25% of sales on Lloyd Street at that time. The current assessed value is consistent with that premium.
2. Is the living space efficiently laid out?
At 1,132 sqft, the home is larger than most in Norwood West. However, it’s wise to review the floor plan specifically, as the overall square footage doesn’t detail room proportions or layout functionality compared to older, sometimes more compartmentalized, area homes.
3. What does the "Elite" neighborhood ranking actually mean?
It means that among 92 comparable properties in Norwood West, this home ranks #1 for both living area and assessed value. This indicates it is a size and value leader in its immediate locale, not necessarily the entire city.
4. Are the sold prices shown the exact figures?
The prices shown are estimated ranges. To obtain verified, exact historical sale figures, you must request them directly via email from the site, as they do not source or display MLS data.
5. The home was built in 1990. Are there any potential concerns with that era?
While newer than most neighborhood stock, a 1990 build may have components, such as original roofing, windows, or major appliances, nearing the end of their typical lifespan. A thorough inspection is recommended to assess the condition of these age-appropriate items.