Property Overview: 103 Hill Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This is a compact, nearly century-old home built in 1928, situated on a standard-sized lot in the established Norwood East neighbourhood. Its defining characteristic is its modest 659 sqft living area, which is notably smaller than most homes on its street, in the area, and across Winnipeg. This is reflected in its assessed value of $229k, which is also well below average comparables.
The primary appeal lies in its position as an accessible entry point into the Winnipeg market. It suits buyers with a limited budget seeking homeownership in a central, mature neighbourhood without the premium price tag of a larger house. It could be a practical starter home, a downsizing option, or an investment property. A thoughtful perspective is that its smaller size and lower value may translate to proportionally lower property taxes and utility costs, offering a different kind of financial efficiency. The lot, while not oversized, provides typical outdoor space for the area. Its recent sale history suggests it transacts within a predictable, lower price band.
Frequently Asked Questions
1. Is the low assessed value a sign of major problems?
Not necessarily. The value is consistently below average across all comparisons, which primarily reflects the home's significantly smaller square footage and age. It is fundamentally priced as a smaller, older property in its locale.
2. What type of renovation or expansion potential exists?
The nearly 4,000 sqft lot provides the essential space for potential additions, a garage, or landscaping projects, subject to municipal bylaws. However, the 1928 construction means any major renovation would require careful inspection for updates to foundational systems like wiring and plumbing.
3. How reliable are the sold price ranges shown?
The provided price ranges (e.g., CA$150k–200k) are broad estimates from public data. For precise historical sale figures, you must request a manual lookup from the site via email, as they do not have access to official MLS sales records.
4. Who would this property not suit?
It would likely not suit buyers who need multiple bedrooms, dedicated home office space, or who prefer a modern, open-concept layout without undertaking a significant renovation project.
5. How does it compare to its immediate neighbours?
The provided data shows nearby homes on Hill Street are typically larger (averaging ~1,100 sqft) and have higher assessed values (averaging ~$336k). This home is among the smallest and lowest-valued on its block, reinforcing its role as the neighbourhood's more affordable option.