Property Overview: 6 Cedar Place, Norwood West, Winnipeg
Key Characteristics & Appeal
This home at 6 Cedar Place presents a balanced offering in Winnipeg's Norwood West neighbourhood. Built in 1949, it features 1,179 sqft of living space on a notably generous 6,086 sqft lot. With an assessed value of $433,000, it sits comfortably within the average range for its immediate street and area, suggesting a stable, established valuation.
The primary appeal lies in its land size and location. The lot is consistently above average, ranking in the top 30% on its street and top 14% in Norwood West, offering valuable outdoor space and potential in a mature neighbourhood. While the house itself is of average size for the area, its value proposition is strengthened by this larger parcel of land. A thoughtful perspective is that this property represents a "middle-of-the-road" investment in a stable area—it’s not the newest or largest home, but it avoids the premiums and potential pitfalls of extremes, offering a solid foundation in a character neighbourhood.
This home would suit a buyer looking for a manageable-sized character home with a spacious yard, perhaps a young family or downsizers who value outdoor space over expansive square footage. It’s ideal for someone seeking a grounded investment in a well-established community without venturing into the highest price tiers.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
The home last sold between $400,000-$450,000 in March 2020. Its current assessed value of $433,000 is above the city-wide average for comparable homes, but aligns closely with averages in Norwood West and on Cedar Place itself.
2. Is the lot size a significant advantage?
Yes. The 6,086 sqft lot is a standout feature, ranking well above average for both the street and the Norwood West area. This offers more privacy, garden space, and potential for outdoor enjoyment or future expansion than many neighbouring properties.
3. What should I consider about a home built in 1949?
While the home is older than the Winnipeg average, it is actually newer than many in Norwood West, ranking in the top 7% for year built in the area. Buyers should still budget for expected maintenance and updates common to homes of this era, such as windows, roofing, and mechanical systems.
4. How does the living space compare to other homes?
At 1,179 sqft, the living area is average for Cedar Place but slightly below the averages for both the wider neighbourhood and the city. This indicates a home with efficient or compact living spaces, which may appeal to those seeking easier maintenance.
5. How can I get the exact historical sold price data?
The site provides sold price ranges for general research. Due to industry rules, exact MLS sold figures are not displayed publicly. You can request the exact sale history by emailing the site directly for a manual lookup, which they provide without using your email for marketing.