Property Overview
32 Barrington Avenue is a compact, 738 sqft bungalow built in 1945, situated on a 3,643 sqft lot in Winnipeg's Norberry neighbourhood. With an assessed value of $292k, it presents a specific value proposition rooted in its modest scale and established location.
Key Characteristics & Appeal
This home's primary characteristic is its efficiency. Its living area is notably smaller than most comparable homes on its street, in Norberry, and across Winnipeg. This translates to a lower price point, making it one of the more accessible entry points into homeownership in the area. The appeal lies in its simplicity and manageability: lower utility costs, less maintenance, and a clear, straightforward layout. The lot, while smaller than area averages, provides adequate outdoor space without being burdensome.
It would suit first-time buyers or downsizers seeking a no-fuss, affordable property in a long-established neighbourhood. It’s a practical choice for those who prioritize financial accessibility and ease of upkeep over square footage. A less obvious perspective is its potential as a long-term hold; its fundamental affordability and land value in a mature area could offer stability, even if its size limits dramatic appreciation compared to larger homes.
Frequently Asked Questions
1. Is the assessed value a good indicator of the likely selling price?
The assessed value of $292k is below the average for its street but around the average for Norberry. It serves as a baseline for municipal taxation, but the final sale price will be determined by current market conditions, the home's interior condition, and buyer demand for smaller, affordable properties.
2. How much of a concern is the age of the home (built in 1945)?
While the home is older than most on its street, it is near the average age for the Norberry area. This typically means potential buyers should budget for updates to older mechanical systems (like plumbing or wiring) and ensure a thorough inspection. However, homes of this era in established neighbourhoods are often solidly built.
3. The living area seems small. How does that affect livability?
At 738 sqft, the home is significantly cozier than the average Winnipeg house. This layout is best for individuals, couples, or those comfortable with compact, efficient living. It emphasizes function over space and may not be suitable for those needing multiple dedicated rooms or significant storage.
4. What does the sold price history from 2019 tell us?
The home sold between $250k-$300k in mid-2019. This historical data points to a market value that has historically aligned with its current assessment. It provides a benchmark, but market dynamics have likely shifted since then.
5. The lot is smaller than average. What are the implications?
The 3,643 sqft lot requires less landscaping and yard maintenance, which can be a benefit. However, it may limit possibilities for large additions or extensive outdoor living spaces. It's a manageable size for a small garden or patio setup.