Property Overview: 125 Hill Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This is a modest, character home built in 1940, presenting a practical entry point into Winnipeg’s Norwood East neighbourhood. Its key characteristic is its compact 717 sqft living area, which is notably smaller than most homes on its street, in the area, and across the city. This positions it as a lower-maintenance option. The assessed value of $313k is consistently around the average for its immediate vicinity, suggesting the price reflects the home’s established location more than its size.
The appeal lies in its efficient use of a standard 4,197 sqft lot and its position in a mature, stable neighbourhood where the home’s age is typical. It suits first-time buyers or downsizers seeking affordability and a manageable footprint without leaving a central community. A thoughtful perspective is that its smaller size, while a limitation, could also mean lower utility costs and less space to maintain, aligning with a simpler, more economical lifestyle. Its last sale was in late 2020, indicating a recent change in ownership within a stable pricing band.
Frequently Asked Questions
1. Is this house significantly smaller than its neighbours?
Yes. At 717 sqft, the living area is below average for Hill Street, the broader Norwood East area, and Winnipeg overall. This makes it one of the more compact homes in the vicinity.
2. How does its value compare to nearby properties?
Its assessed value of $313,000 is very close to the average for both Hill Street and Norwood East. This indicates you are paying primarily for the location and lot, with the home itself offering a more affordable, scaled-down footprint.
3. What does the sale history tell us?
It last sold in December 2020 for an estimated $300k-$350k. Prior to that, it sold in June 2017 for an estimated $250k-$300k. This shows a pattern of steady value within its range over recent years.
4. Is the lot size a pro or a con?
The lot is approximately 4,200 sqft, which is standard for the street and area. It offers typical outdoor space for the neighbourhood but is below the larger city-wide average. It provides a balanced yard without excessive upkeep.
5. Where can I get verified sale price details?
The exact sold prices are not publicly displayed on this site. You can request the full transaction history and exact figures by emailing the provided contact; they will manually look up the MLS records and send them to you.