Property Overview
57 Lloyd Street is a classic 1911 home in Winnipeg's Norwood West neighbourhood. With 908 square feet of living space on a 2,945 sqft lot, it presents a compact and manageable footprint. Its assessed value of $282,000 is notably below the averages for both the wider area and the city, positioning it as a more accessible entry point into the market.
The appeal here lies in its value proposition and location. It offers the character of a century-old home in an established neighbourhood at a price point that stands out as comparatively modest for the area. This creates an opportunity for buyers willing to take on a home of this age, likely with updates needed, in exchange for a favourable purchase price. It would suit first-time buyers, downsizers looking for a low-maintenance lot, or value-focused investors attracted by the below-average assessment in a stable neighbourhood. A thoughtful perspective is that while the home is smaller and older than most in the city, its price reflects that, allowing for budget to be allocated towards modernization while building equity in a proven location.
Frequently Asked Questions
1. Is this a good value compared to other homes in Norwood West?
Based on the data, yes. The home's assessed value is in the top 8% for the neighbourhood, meaning it's assessed lower than 92% of comparable properties in Norwood West, where the average assessed value is about $426k.
2. What should I consider about a home built in 1911?
You should plan for a professional inspection to understand the condition of major aging components like the foundation, plumbing, electrical, and roof. While it offers charm, a home of this age may require more ongoing maintenance or significant updates to meet modern standards.
3. The lot seems smaller than others. Is that a drawback?
The land area is smaller than most in the area and city. This can be an advantage for those seeking lower outdoor maintenance, but it does limit potential for large additions or extensive landscaping. It's a practical, lower-upkeep yard.
4. How reliable are the sold price ranges shown?
The sold price data is based on publicly available information, not the MLS, and is presented in $50k bands. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
5. What does the "rank" and "top X%" mean for each feature?
These metrics show how this property compares to similar homes in three groups: its immediate street, the Norwood West area, and city-wide. For example, living area is "Top 38%" on its street, meaning its size is greater than 38% of the 45 comparable homes on Lloyd Street—so it's around average for the street itself.