Property Overview
This home at 60 Tache Avenue in Norwood West presents a compelling blend of space, established character, and a balanced value proposition. Built in 1942, it offers significantly above-average living space on a generous, mature lot.
Key Characteristics & Appeal
The primary appeal of this property lies in its spaciousness. With 1,869 sqft of living area, it ranks in the top 17% for size both on its street and in the wider Norwood West area, offering more room than most comparable homes. This is set on a nearly 6,000 sqft lot, providing ample outdoor space that is on par with neighbourhood norms. While the assessed value is around the local average, the home's larger footprint suggests a potentially favourable value-for-space ratio compared to newer builds.
Its 1942 construction date is a standout feature on Tache Avenue, making it one of the street's newer homes and indicating potentially fewer age-related concerns than many neighbours. This appeals to buyers who appreciate the charm and solid construction of a classic home but may prefer a property from the mid-20th century over an earlier-era build.
This home would suit a buyer looking for established character without sacrificing interior space. It’s ideal for someone who values a larger lot in a mature neighbourhood and is comfortable with the upkeep of a home of this age. The data suggests it offers a "best of both worlds" scenario: more modern construction than many area homes, coupled with space that exceeds current city-wide averages.
Frequently Asked Questions
1. How does the home’s value compare to its last sale price?
The property last sold between $300,000 and $350,000 in late 2016. The current assessed value of $450,000 reflects market changes over the intervening years and should be verified with a current market evaluation.
2. For a home built in 1942, what should I be mindful of?
While it’s a newer build for the street, a home from the 1940s will still have aging components. A thorough inspection is essential to assess the condition of major systems like plumbing, electrical, and the roof, as well as potential updates needed for insulation and windows.
3. The living area is large for the area. Does the floor plan feel modern?
The spacious square footage is a major asset. However, layouts from the 1940s can differ from modern open-concept designs. Viewing the home in person is the best way to determine if the room flow and configuration meet your lifestyle needs.
4. Is the assessed value a reliable indicator of the listing or sale price?
Not necessarily. The assessed value of $450,000 is for municipal tax purposes and is typically based on historical market data. The actual market value, and therefore the listing or sale price, is determined by current supply, demand, condition, and recent sales of similar homes.
5. The lot is large. Are there any restrictions on how it can be used?
The nearly 6,000 sqft lot offers great potential for gardens, play space, or additions. Any significant changes, like building a structure or adding a parking pad, would require checking with the City of Winnipeg for zoning bylaws, heritage designations (if applicable), and necessary permits.