Property Overview: 126 Genthon Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This 1922-built home in Norwood East presents a practical opportunity centered on its generous lot. At just over 1,000 sqft, the living space is modest and typical for the area, but the nearly 4,800 sqft land parcel stands out, ranking in the top 10% for size on its own street. This creates immediate potential for gardening, outdoor living, or future expansion, a notable advantage in an established neighborhood.
The home’s assessed value is consistently below average for the street, neighborhood, and city, suggesting a potentially accessible entry point into the market. Its last known sale was between 2019, within a range of $200k-$250k. The appeal here is grounded in value and possibility: you are purchasing a larger-than-standard lot with a classic, compact home. It would suit first-time buyers or practical investors looking for a footprint to grow into, or those who prioritize outdoor space over a large interior. It’s a property that asks the buyer to see value in the land and location, with the understanding that the home itself is a functional starting point.
Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. It primarily reflects the home’s modest size and age relative to comparables. It can indicate a more affordable property tax burden and may represent a value opportunity, especially paired with the larger lot.
2. What does the lot size actually mean for me?
A lot size in the top 9% on the street is a significant asset. It offers more privacy, space for sheds or gardens, and better potential for additions like a garage, deck, or sunroom than most neighbors have.
3. The home is over 100 years old. What should I check?
While many homes of this era are solidly built, a focused inspection on foundational integrity, updated electrical and plumbing systems, and roof condition is essential. The charm of character comes with the responsibility of maintenance.
4. How reliable is the sold price data shown?
The provided price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site, which they provide via email.
5. What’s the neighborhood like for daily life?
Norwood East is a mature, established area. Being on a street with many homes of a similar vintage suggests a stable, residential feel. Proximity to nearby properties is close, as is common in neighborhoods from this period, so the larger lot offers a valuable buffer.