Property Overview
This home at 30 Barrington Avenue in Winnipeg’s Norberry neighbourhood presents a distinct profile. Built in 1918, it’s a century-old property with a modest 685 sqft living space on a 3,643 sqft lot. Its 2024 assessed value is $202k, which is notably below average for its street, area, and the wider city. The home last sold in late 2023 for an estimated $200k–$250k.
Key Characteristics & Appeal
The primary appeal of this property is its position as an accessible entry point into the Winnipeg market. With an assessed value ranking in the bottom 3% on its own street, it stands out as one of the most affordable options in the immediate area. This creates an opportunity for budget-conscious buyers, such as first-time homeowners or investors, to secure a foothold in a settled neighbourhood without a high price tag. The lot, while smaller than area averages, offers manageable outdoor space for a small garden or patio with minimal upkeep.
Its suitability is for a specific buyer: someone comfortable with a compact, historic home who views its below-average metrics not as drawbacks, but as the source of its affordability. It’s a practical choice for those prioritizing financial accessibility over size or modern features, and it could serve as a straightforward rental property or a low-cost base for a gradual renovation project, given its age.
Frequently Asked Questions
1. Why is the assessed value so much lower than the average on the street?
The assessed value is influenced by the home’s smaller size (685 sqft), older age (1918), and smaller lot relative to neighbouring properties. On Barrington Avenue, it ranks 134th out of 136 homes for value, indicating it’s among the least expensive properties there.
2. What does the "Sold Price" range mean, and how can I get the exact figure?
The sold price is shown as a range (CA$200k–250k) for non-registered users. To obtain the exact sale price from the October 2023 transaction, you must request a manual lookup via email from the site, as they do not display MLS records directly.
3. Is the small living area a concern?
At 685 sqft, the living area is significantly below local averages. It suits a minimalist lifestyle, a single occupant, or a couple. Buyers should be prepared for compact living quarters, though this is reflected in the lower price point.
4. How does the age of the home (1918) impact things?
A 108-year-old home will likely require different maintenance considerations than a modern build. Prospective buyers should budget for potential updates to systems like wiring or plumbing and consider a thorough inspection to understand the home’s condition.
5. Are the property taxes likely to be low given the assessment?
Generally, a lower assessed value correlates with lower municipal property taxes. However, the exact tax amount depends on the city’s mill rate. The $202k assessment suggests a relatively low tax burden compared to higher-valued homes in the area.