Property Overview: 150 Des Meurons Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 150 Des Meurons Street in Norwood East presents a compelling blend of established neighborhood character and above-average attributes for its immediate area. Built in 1947, it is a notably newer construction compared to many homes on its street and in Norwood East, potentially suggesting fewer concerns related to the aging infrastructure common in century-old homes. With 1,156 sqft of living space, it aligns with the neighborhood average, offering a practical footprint for daily life.
The property’s primary strengths lie in its generous 5,540 sqft lot—significantly larger than most on its block—and its assessed value of $395k, which ranks well above local averages. This indicates the property is viewed favorably within its community context, often reflecting factors like lot size, condition, and improvements. Its recent sale in late 2024 within the $450k-$500k range confirms strong market interest.
This home would suit buyers looking for a established, tree-lined neighborhood close to the river and downtown, who value outdoor space and a home that stands above the norm on its street in terms of valuation and relative modernity. It’s a practical choice for someone who wants the charm of an older neighborhood but may prefer a home built in the post-war era, coupled with a lot that offers room for gardens, play, or expansion.
Section 2: Frequently Asked Questions
1. How does this home’s 1947 build year affect potential maintenance?
While newer than many area homes, a house from this era will still require attention to aging components like plumbing, electrical systems (which may have been updated), and the roof. Its relatively newer age is a comparative advantage, but a thorough inspection remains essential.
2. The lot size is a standout feature. What are the possibilities and responsibilities?
The larger lot provides valuable outdoor space, potential for additions like a garage or deck, or simply more privacy. Buyers should be aware that this also means more yard maintenance and potentially higher property taxes, as lot size influences assessed value.
3. The assessed value is much higher than the street average. Is this good or bad?
A higher assessment typically reflects positive attributes and can be a point of pride, but it directly correlates with your property tax bill. It’s wise to research if recent renovations or additions justify the value and to budget for taxes accordingly.
4. How does the recent sale price compare to the assessed value?
The home sold for significantly more ($450k-$500k) than its $395k assessed value. This is common, as assessed value for taxation doesn't always equal market value. The sale price indicates what buyers were recently willing to pay in the competitive market.
5. What is the immediate neighborhood like based on the nearby property data?
The listed nearby homes on Des Meurons Street show a mix of sizes, ages, and values, suggesting a diverse, unpretentious streetscape without strict uniformity. This can be appealing for those seeking an authentic, varied neighborhood character.