Property Overview: 1-227 Hill Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This is a notably modern and spacious home in a well-established Winnipeg neighborhood. Built in 2024, it stands out sharply from its surroundings, where most homes date from the 1930s and 1940s. Its primary appeal lies in its combination of new construction, generous living space (2,500 sq ft, ranking in the top 1-3% across all comparison levels), and a premium assessed value of $838k.
The home suits buyers seeking a turnkey, contemporary property without sacrificing the mature character of the Norwood East area. It’s ideal for those who prioritize modern systems, layout, and finishes, and who value a home that is statistically exceptional in terms of size and valuation for its locale. A thoughtful perspective is that while the house itself is elite, the lot size is more typical for the street and below the city average, suggesting the value is heavily in the structure itself—a perfect fit for buyers who prefer low-maintenance outdoor space. The significant appreciation from its 2021 sale price also indicates strong market confidence in this type of property in the area.
Frequently Asked Questions
1. How accurate are the sold price ranges shown?
The sold price ranges are based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via email from the site.
2. The house is new, but the lot seems smaller. Is that a concern?
The land area is around average for Norwood East but below the Winnipeg average. This isn’t unusual for newer infill properties and often translates to less yard maintenance. The premium is clearly in the modern, large home itself.
3. What does the "Elite" ranking mean for the assessed value?
It means this home’s municipal assessed value is in the top 1-3% compared to similar homes in the area and city. This reflects its modern build and size, but it also typically correlates with higher property taxes.
4. Are there other new homes like this nearby?
The data shows this is rare. It ranks #1 on its street and #3 in the entire neighborhood for year built, meaning very few homes in the immediate area are of a similar vintage.
5. Why is there such a big difference between the 2021 and 2024 sold prices?
The 2021 sale likely represented the purchase of the older property or land before the new home was built. The 2024 sale price reflects the full value of the completed, modern 2,500 sq ft residence.