Property Overview: 120 Portside Drive, Normand Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling mix of urban value and modern convenience. Built in 2009, it is a newer property compared to the Winnipeg average, suggesting updated building standards and potentially lower immediate maintenance costs. With 1,679 sqft of living space, it offers ample room for a small family or couple, ranking above average for size city-wide while feeling more modest within its immediate, well-established neighbourhood of Normand Park.
The primary appeal lies in its exceptional city-wide value standing. With an assessed value of $664,000, this property sits in the elite top 5% of Winnipeg, indicating a substantial investment in a desirable market segment. However, within its own street and area, the value is around average, suggesting you are paying a fair price for the specific location without a steep premium. This creates an interesting dynamic: it’s a high-value asset in the broader city context while being competitively priced among its local peers.
This property would best suit value-conscious buyers looking for a modern home in a mature neighbourhood. It’s ideal for those who prioritize a solid investment (as reflected in its high city-wide assessment percentile) and a newer build, over having the largest lot or home on the block. It fits buyers ready to enter a stable community where the home itself is a standout feature for its age and condition, rather than its sheer size relative to neighbours.
Section 2: Frequently Asked Questions
1. How does the property’s size compare to nearby homes?
At 1,679 sqft, the living area is below the average for both Portside Drive and the wider Normand Park area. This means it is likely one of the more modestly sized homes on the street, but it remains significantly larger than the typical Winnipeg home.
2. What does the "Elite" city-wide assessed value ranking mean?
Ranking in the top 5% city-wide for assessed value indicates this is considered a high-value property across all of Winnipeg. This often correlates with desirable features, neighbourhood stability, and strong investment potential, even if it’s priced in line with local norms.
3. Is the lot size a drawback?
The land area of 5,596 sqft is around average for the street but below average for Normand Park. This suggests a manageable yard with less maintenance, which could be a positive for some, but may not suit those seeking extensive outdoor space.
4. How reliable is the sold price history shown?
The site notes that sold price data is from public sources, not the MLS, and is presented in ranges for non-members. For fully verified and exact historical sale figures, you must request a manual lookup via email from the site providers.
5. What is the neighbourhood context for this newer home?
Built in 2009, this home is newer than most on its street and in Winnipeg overall. In Normand Park, where the average comparison home was built around 2000, this offers a more contemporary foundation amidst an established community.