Property Overview: 680 Lyndale Drive, Norwood West
Key Characteristics & Appeal
This 1,345 sqft home, built in 1944 on a 5,161 sqft lot, presents a practical opportunity in Winnipeg's Norwood West neighbourhood. Its core appeal lies in its relative affordability and positioning as a solid, average-sized home within the city context. With an assessed value of $421k, it sits below the average for its specific street but aligns closely with the typical value for both the broader neighbourhood and the city overall. This suggests a price point that may offer easier entry into a mature, established area.
The home would suit first-time buyers or downsizers looking for a character home without a premium street price, or investors seeking a rental property with a stable valuation history. A thoughtful perspective is that while the lot size is smaller than many on the block, it translates to less exterior maintenance. The home’s age (older than most city-wide) indicates potential for character details, but buyers should be prepared for the updates and maintenance typical of an 80-year-old structure. Recent sale history shows steady value growth, pointing to a reliable, if not explosive, investment.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is notably below the average for Lyndale Drive itself, but it is very close to the average for the wider Norwood West area. This indicates you may be getting a home priced below its immediate neighbours while still in line with community norms.
2. Is the living space smaller than average?
Within the city of Winnipeg, the living area is almost exactly average. On its own street and in Norwood West, it is somewhat smaller than the local average, which often features larger homes. The layout and usability of the space will be more important than the square footage alone.
3. What does the sale history tell us?
The home sold in 2022 for between $400k-$450k and previously in 2016 for $300k-$350k. This indicates a pattern of appreciation and market activity, suggesting it’s a commodity with consistent demand in its price range.
4. How old is this home, and what should I consider?
Built in 1944, it is older than the typical Winnipeg home. Prospective buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, plumbing, wiring, and foundation, and budget for potential updates.
5. Can I get the exact past sale prices?
The displayed prices are estimated ranges. To obtain the exact historical sale figures, you must request them directly via email from the site provider, as they do not publish MLS data due to industry regulations.