Property Summary: 115 Youville Street, Winnipeg
Key Characteristics & Appeal
This is a compact, 688 sqft home built in 1946 on a standard-sized lot in Norwood East. Its defining characteristic is its modest scale, with a living area significantly below local and city averages. The assessed value of $248k is also notably below the averages for the street, neighborhood, and wider Winnipeg, reflecting its size and vintage.
The primary appeal lies in its position as a more accessible entry point into the established Norwood East neighborhood. It suits first-time buyers, downsizers, or investors seeking a lower-cost foothold in a mature area without a large renovation project. The lot size is typical for the area, offering standard outdoor space relative to its peers. A thoughtful perspective is that its below-average metrics in size and value could represent a lower property tax burden and a manageable space for those seeking simplicity, while still providing the benefits of the location. It is not a home for those needing ample indoor space, but rather a practical solution for focused lifestyles.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
As a 1946 build, the home reflects post-war housing styles and family needs of that era, which often featured more compact, efficient floor plans compared to later additions and new constructions in the area.
2. Does the below-average assessed value mean it’s a bargain?
Not necessarily. The assessed value aligns with the home's smaller size and age. It indicates a lower entry price and potentially lower property taxes, but market value will be determined by current condition, updates, and buyer demand.
3. What can the past sold prices tell me?
The home sold in 2016 and 2019 within the $200k-$250k range. This history shows price stability in that band, but does not reflect any changes or improvements made since the last sale nearly six years ago.
4. How does the year built affect this property?
Built in 1946, it is older than most on its street but newer than many in Norwood East overall. This suggests it may have some construction methods or materials from that specific period, and potential maintenance points (like original plumbing or wiring) should be considered.
5. Where can I get the exact historical sold prices?
The provided data shows price ranges. Due to industry regulations, exact sale figures are not published online here. You can request the precise transaction history via email from the site provider for a manual lookup.