Property Overview: 117 Norquay Street, Winnipeg
Key Characteristics & Buyer Appeal
This home is a classic, early-1900s residence in the McMillan neighbourhood, offering a blend of established character and practical city living. Its key appeal lies in its efficient size—at 1,646 sqft, it is notably larger than the Winnipeg average home—sited on a standard city lot. The recently sold price places it in the top 20-30% for its immediate area, suggesting a desirable location or condition.
The property presents a compelling case for specific buyers. It would suit a first-time buyer or downsizer seeking a manageable yet spacious character home without an overwhelming lot to maintain. Its "around average" assessed value for the street and neighbourhood indicates it fits comfortably within the local market context, neither an outlier nor a fixer-upper priced as such. A thoughtful perspective is that this home, built in 1903, is among the oldest in a city-wide comparison. This appeals to those who value heritage and craftsmanship but requires a buyer comfortable with the potential upkeep and updates that come with a century-old structure.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
While the home is above average in size compared to the entire city, it is slightly below the average for both Norquay Street and the broader McMillan neighbourhood, where many homes are larger.
2. Is the assessed value a reliable indicator of the sold price?
Not directly. The assessed value is approximately $40,900 for taxation purposes, but the home sold in the $450,000-$500,000 range. This large discrepancy is common and reflects market value versus a municipal assessment formula.
3. What does the "Sold Price" ranking mean?
The sold price ranking (Top 20% on the street, Top 27% in McMillan) indicates this home sold for more than most comparable properties in those areas during the same period, highlighting its perceived market value.
4. Are the neighbouring properties similar?
Adjacent homes on Norquay Street are of similar vintage (early 1900s). Nearby listings on streets like Wellington Crescent show a mix of larger, higher-value character homes, suggesting a stable, established area.
5. How can I find out the exact sold price?
The exact sale price is not publicly displayed in detail. The listing service provides a range but offers to supply the precise figure via email request, which they handle manually without using the contact for marketing spam.