Property Overview: 26 West Fernwood Avenue, Norberry, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic 1927 bungalow in the established Norberry neighbourhood, presenting a practical opportunity for specific buyers. Its key characteristic is value: with an assessed value of $256,000, it sits below the average for its street, area, and the wider city. The living space (811 sq ft) is compact, also ranking below local averages, suggesting a efficient, manageable layout.
The appeal lies in its affordability and lot size. The nearly 5,000 sq ft lot is consistent with others on the street, offering valuable outdoor space relative to the home's footprint—a potential canvas for gardening, expansion, or future development. It suits first-time buyers seeking an entry point into homeownership, downsizers looking for a low-maintenance property with a generous yard, or investors interested in a character home with reno or hold potential. A thoughtful perspective is that its older vintage (1927) means it was built with materials and craftsmanship from a different era, which can be a draw for those appreciating character, though it warrants a thorough inspection.
Section 2: Frequently Asked Questions
1. Is the price competitive?
Based on the provided data, the home’s assessed value is consistently below average for its immediate street, the Norberry area, and Winnipeg overall, suggesting a competitively priced entry point.
2. How does the size compare to nearby homes?
At 811 sq ft, the living area is smaller than most comparable homes on the street, in Norberry, and across the city. This indicates a cozier, more efficient floor plan.
3. What is the potential for the property?
The lot size of 4,993 sq ft is on par with neighbouring properties. This presents the most significant potential, whether for expanding the existing home, adding outdoor living features, or holding the land as a long-term asset.
4. What should I know about the home’s age?
Built in 1927, the home is older than many in Norberry and the city. Prospective buyers should prioritize a specialized inspection to understand the condition of foundational elements, wiring, plumbing, and the roof.
5. How can I verify the recent sold price?
The listing indicates a sale occurred in October 2023 for between $200,000 and $250,000. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not display MLS sold records.