Property Overview: 132 Genthon Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This 1941 home in Norwood East presents a compelling mix of modest living space and a standout lot. At 840 sqft, the house itself is smaller than most in the city, offering a cozy, low-maintenance footprint. Its true appeal lies in the land: a 6,465 sqft lot that ranks in the top 3% on its street and top 6% in the neighborhood. This generous outdoor space is a rare find in an established area, offering significant potential for gardening, expansion, or simply enjoying a large private yard.
Financially, the property shows strong positioning within its immediate community. Its assessed value of $363k is well above the averages for both Genthon Street and Norwood East, suggesting it is viewed as a premium property in its local context. Historical sales data indicates steady value appreciation.
This home would best suit a buyer who prioritizes land over square footage—perhaps a first-time buyer comfortable with a smaller interior, a downsizer seeking outdoor space, or an investor/renovator who sees the long-term value in a large, central lot. It’s for someone who understands that in mature neighborhoods, the land often holds the greatest value and potential.
Frequently Asked Questions
1. Is the house too small for a growing family?
While the 840 sqft living area is below average, the large lot provides valuable flexible space. For a family willing to use outdoor living areas creatively or consider a future addition (subject to permits), the lot size transforms the property's potential.
2. Why is the assessed value so high compared to the street average?
The assessed value reflects more than just the house. It heavily considers the property's unusually large lot size for the area, its above-average condition or updates for its age, and the strong sales history on the street. It indicates this specific parcel is a standout on the block.
3. What does the sold price history tell us?
The home sold in 2017 and again in 2021, each time in a price range that placed it in the top tiers for the street and neighborhood. This pattern suggests consistent, above-average market performance for this specific address, likely driven by its unique lot.
4. Are older homes like this a concern?
Built in 1941, this home is newer than many on its street. However, any home of this age will require a careful inspection of foundational, mechanical, and electrical systems. The key is to assess how well it has been maintained and updated over time.
5. How can I get the exact past sold prices?
Due to data licensing rules, exact sold prices are not published on this site. You can request the full transaction history and exact figures via email using the "Request exact figures by email" link provided on the property page. This service is manual but provided without obligation.