Property Overview: 125 Easy Street, Normand Park, Winnipeg
Key Characteristics & Appeal
This 1,671 sqft home, built in 1988 on a 5,348 sqft lot, presents a compelling value proposition rooted in its context. Its primary appeal lies in offering above-average space and a solid assessed value ($491k) compared to the wider Winnipeg market, while being positioned as a more affordable and manageable option within its own desirable neighbourhood of Normand Park.
The data reveals a thoughtful perspective: this home is a "city-smart" purchase. While its living area is below the local neighbourhood average, it ranks in the top 22% city-wide, meaning you get more interior space than most Winnipeg homes. Similarly, its assessed value is above the city median, yet it sits in the bottom third of values for Normand Park. This suggests an opportunity to access a well-regarded area at a relative entry point, without compromising on the home's substantial size. The lot, while smaller than others on the street, is near the city-wide average, offering ample outdoor space for a family.
It would best suit practical buyers who prioritize interior space and neighbourhood appeal over having the largest lot on the block. It’s an ideal fit for a growing family seeking value in a mature community, or for downsizers looking to stay in a sought-after area without the maintenance of a maximized property. It’s a home for those who see the advantage in being the more modest property on a desirable street.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $400k-$450k in May 2022. Current data ranks that historical sale price around the top 72% for Easy Street, indicating it was a competitively priced transaction at the time relative to its immediate neighbours.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($491k) is for municipal tax purposes and is one data point. Notably, it is significantly higher than the 2022 sale price, which may reflect market changes, renovations, or assessment methodology. Always consult a local real estate professional for a current market valuation.
3. What does it mean that the living area is "below average" for Normand Park?
While the home’s square footage is less than the neighbourhood average (2,070 sqft), it’s crucial to note it is still a spacious 1,671 sqft home. This "below average" status within a premium area is a key factor in its relative affordability for the location, offering a trade-off some buyers will find advantageous.
4. How can I get the exact historical sold price instead of the range shown?
The site provides sold price ranges publicly. To receive the exact figure, you must request it via email from the service. They manually look up and provide the data, typically by the end of the same business day.
5. Are the comparison rankings based on exact matches for style and condition?
The rankings compare key metrics like living area, lot size, and year built against all homes on the same street, in Normand Park, and city-wide. They do not account for specific interior condition, updates, or architectural style, so a personal viewing is essential to assess those qualitative factors.