Property Overview: 1-244 Hill Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This 2019-built home in Norwood East presents a distinct profile defined by its modern foundation within an established neighborhood. At 1,222 sqft, its living space is consistent with local averages, but its standout feature is its elite assessed value of $872k, which places it in the top 2% of comparable homes on its street and citywide. This significant valuation suggests a premium property, likely due to its new construction, above-average lot size for the immediate area (6,004 sqft), and desirable location.
The appeal lies in acquiring a relatively new, low-maintenance home without sacrificing the mature character and convenience of the Norwood East community. It suits buyers seeking a modern build in a settled area, who value a larger lot compared to nearby properties, and for whom property assessment and investment potential are key considerations. It’s a fit for those looking to avoid the immediate renovations often needed with older area homes, while still enjoying the established streetscape.
Frequently Asked Questions
1. Why is the assessed value so much higher than the neighborhood average?
The assessed value reflects the property's modern construction (2019), its larger lot size relative to nearby homes, and its specific market position. In an area where most homes are much older, a recent build with contemporary materials and systems commands a premium.
2. How does the lot size compare practically?
At over 6,000 sqft, the lot is notably larger than the average on Hill Street. This offers more private outdoor space, potential for landscaping, gardening, or additions, and typically greater distance from neighbors compared to other properties in the immediate vicinity.
3. What might the 2017 sale price indicate?
The home sold for an estimated $250k-$300k in 2017, likely as a new build or near completion. The substantial increase in assessed value since then reflects the addition of a finished home to the vacant lot and general market appreciation.
4. Is the living area sufficient for a family?
At 1,222 sqft, the living area is functionally average for the city and neighborhood. It is suitable for a small to medium-sized family or professional couple, but buyers with needs for extensive space should verify the specific room layout and flow.
5. How can I get the exact historical sale prices?
The site provides estimated price ranges. For fully verified and exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.