Property Overview: 153 Dupont Street, Norwood East, Winnipeg
Section 1: Key Characteristics & Appeal
This 861 sqft home, built in 1912, presents a distinct profile in Winnipeg’s Norwood East neighborhood. Its key characteristic is being a smaller, more historic property on a street and in a city where most comparable homes are larger and newer. With an assessed value significantly below area averages, it offers a notably accessible price point for the location.
The appeal lies in its potential as an entry point into a well-established neighborhood. It suits first-time buyers or investors seeking a lower-cost footprint in a central area, where the land itself holds inherent value. It may also appeal to those specifically interested in the character of an early 20th-century home, willing to undertake updates. A less obvious perspective is its efficiency: the smaller living area can mean lower utility costs and less maintenance, appealing to minimalist or downsizing buyers. However, it’s important to note the home ranks below average in size, lot size, and assessed value across all comparison levels, indicating it is a compact property relative to its immediate surroundings.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the street average?
The assessed value of $249k is considerably lower than the street average of ~$408k, primarily due to the home’s smaller size (861 sqft vs. a street average of 1,242 sqft), its older age (1912 vs. a 1964 average), and a correspondingly smaller lot. Assessment is based on these tangible property characteristics.
2. What does the ranking data (e.g., "Top 94%") actually mean?
A "Top 94%" rank for living area on its street means this home is larger than only 6% of comparable homes on Dupont Street—or, put another way, 94% of homes on the street are larger. This "higher" percentile indicates a lower relative position for metrics where bigger/newer/more valuable is typical.
3. Is this a good investment opportunity?
The below-average price for the area could present a value opportunity, especially if the property is updated. However, any investment potential must be weighed against the costs of modernizing a 114-year-old home and its smaller footprint, which may affect future resale appeal compared to larger neighbors.
4. How can I find out the exact sales history for this property?
The site notes that exact sold price history is not displayed publicly due to industry rules. You can request the full transaction history and exact figures by emailing them directly; they will perform a manual lookup and respond.
5. The home is older than most in the area. What should I consider?
A 1912-built home likely has unique character but requires a diligent inspection. Focus on the condition of foundational elements, wiring, plumbing, and insulation. While it has stood for over a century, modernization and energy efficiency upgrades are common considerations for homes of this era.