Property Overview: 74 St Mary's Road, Norwood West, Winnipeg
Key Characteristics & Appeal
This home is a study in balanced, practical value within a well-established Winnipeg neighborhood. Its 1,433 sqft living space is consistently "around average" when compared to similar homes on its street, in Norwood West, and across the city, suggesting a comfortable, mid-sized layout. The standout feature is its 8,488 sqft lot, which ranks in the elite top 3% for the neighborhood and above average city-wide. This presents a significant opportunity for gardening, expansion, or simply enjoying generous private outdoor space—a rarity in mature areas.
Built in 1928, the home is older than most on its street and in Winnipeg, appealing to buyers who appreciate classic character and the potential that comes with a well-located, older property. Its assessed value of $410k sits below the street average but above the city average, indicating a potentially attractive entry point into a desirable location. The appeal lies in this combination: a standard-sized home on a much larger-than-standard lot, offering a grounded, value-oriented proposition in a central community. It would suit a buyer looking for a long-term home with room to grow outdoors, who is comfortable with the nuances of an older build, and who values lot size over having the newest or largest house on the block.
Frequently Asked Questions
1. What does the lot size ranking actually mean for me?
Ranking in the top 3% in Norwood West for land area means this property offers outdoor space that is exceptional for the neighborhood. Compared to the local average lot of about 5,600 sqft, this property provides over 50% more land, which translates to greater privacy, landscaping potential, or future development options.
2. The home is older than average. What should I consider?
A 1928 build brings charm and likely solid construction, but it also warrants a particularly thorough inspection. Focus on the condition of major systems (plumbing, electrical, heating), the foundation, and the roof. Budgeting for updates or maintenance specific to the home's age is a prudent step.
3. Why is the assessed value below the street average?
The assessed value is an administrative figure used for calculating property taxes, not a market price. Its lower value relative to the street average could be influenced by the home's older age, its specific condition, or the timing of the assessment. It often indicates a potentially lower tax burden compared to immediate neighbors.
4. Is there any recent sales history for this property?
According to the available data, no recent sales history is publicly listed for this specific address. For verified, exact transaction figures, you would need to request a manual lookup from the data provider, as this information is not sourced from the MLS system.
5. How does the living area compare to nearby homes?
At 1,433 sqft, the living space is very close to the neighborhood average (1,420 sqft) and slightly above the city average. It is, however, somewhat smaller than the average home on St. Mary's Road itself (1,488 sqft). This suggests the interior space is typical for the wider area but modest for its specific street, where the value proposition is more heavily weighted toward the expansive lot.