Property Overview: 118 Normand Park Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling value proposition within Winnipeg’s real estate landscape. Built in 1988, it’s a well-established property on a generous 6,294 sqft lot in the Normand Park neighbourhood. With 1,718 sqft of living space and a city-assessed value of $521k, its appeal lies in its relative affordability and space compared to the wider city. While the home is slightly smaller and has a lower assessed value than many immediate neighbours in Normand Park, it stands well above the Winnipeg average in both categories. This creates an interesting dynamic: it offers more house and land for the money than most of the city, while potentially providing an entry point into a established neighbourhood where other homes are valued higher.
The property would suit practical, value-conscious buyers looking for solid square footage and a sizable yard without a premium city-center price tag. It’s ideal for someone who prioritizes indoor and outdoor space over a brand-new build or a top-tier assessment within a specific suburb. A thoughtful perspective is that this home could represent a "neighbourhood value" play—owning in an area where the surrounding properties help buoy overall value, while getting in at a point below the local average. Its last known sale was between $600k-$650k in late 2021.
Section 2: Frequently Asked Questions
1. Is this a good value compared to the rest of Winnipeg?
Yes, from a city-wide perspective. The home’s living area is in the top 20% and its assessed value is in the top 17% compared to all Winnipeg properties, meaning it offers more space and a higher assessment than most of the market.
2. How does it compare to other homes in Normand Park?
Within Normand Park specifically, this home is more modest. Its living area and assessed value are below the neighbourhood averages, ranking in the 79th and 73rd percentiles, respectively. This indicates it’s a smaller, more affordable option within this particular area.
3. What does the sold price history indicate?
The property sold for an estimated CA$600k–650k in September 2021. This historical price was well above the current assessed value of $521k and, at the time, placed in the top 5% of city-wide sale prices.
4. How can I find out the exact past sold prices?
The site does not display exact sold prices due to data source restrictions. You must request this information directly from them via email for a manual lookup.
5. What is the significance of the lot size?
At 6,294 sqft, the lot is above the city-wide average. It’s around average for Normand Park itself, offering typical outdoor space for the neighbourhood but more than many properties across Winnipeg.