Property Overview: 170 Hill Street, Norwood East, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 170 Hill Street is a classic Norwood East property built in 1941, offering a grounded opportunity in a mature neighbourhood. With 1,012 sqft of living space and an assessed value of $301,000, it presents as a competitively priced entry point into the area. The lot size of 4,805 sqft is notably above average for Hill Street itself, suggesting more outdoor space or potential than many of its immediate neighbours—a key differentiator for those valuing yard size.
Its appeal lies in its positioning as a solid, average-priced home within its local context. It’s not the largest or newest home on the block, but it holds its own in the neighbourhood for value and lot size. This would suit practical, value-conscious buyers such as first-time homeowners looking for a character home without a premium price tag, or investors seeking a rental property in an established area. The data suggests it’s a typical home for Norwood East, offering the charm and challenges common to houses of its era, without extreme outliers in cost or size. A thoughtful perspective is that its "averageness" in many metrics could mean less competition and more room for negotiation compared to more standout properties, while the larger lot offers a subtle long-term advantage.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales in the area?
While no direct sales history is published for this listing, you can request exact sold price figures for this property via email from the site. For context, nearby reference properties on Hill and Des Meurons Streets have recent assessed values ranging from approximately $237k to $330k.
2. Is the living space smaller than average?
At 1,012 sqft, the living area is slightly below the Winnipeg city-wide average but is very typical for the Norwood East neighbourhood, ranking closely with the local average.
3. What should I consider about a home built in 1941?
As an 85-year-old home, it will likely have the character and construction methods of its era. Prospective buyers should budget for a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation, which are common focal points for homes of this vintage.
4. The lot size is listed as "above average" for the street. What does that mean practically?
With a lot of 4,805 sqft, this property has more land than many on Hill Street. This could allow for a larger backyard, more gardening space, or future expansion potential like a shed or deck, subject to local zoning bylaws.
5. How reliable is the assessed value as an indicator of market price?
The assessed value ($301k) is for municipal tax purposes and is a useful benchmark. However, market price is determined by current supply, demand, and the home’s specific condition. It’s wise to use this figure as a starting point for research, not a definitive sale price.