Property Overview: 342 Dubuc Street, Winnipeg
Key Characteristics & Appeal
This home in Norwood East is defined by its generous scale and strong assessed value relative to its surroundings. With 1,863 sqft of living space, it ranks in the top 5% on its street and top 6% in the neighbourhood for size, offering substantially more room than most comparable local homes. The assessed value of $461k similarly places it well above area averages, suggesting a premium valuation. The lot size is typical for the area at just under 5,000 sqft.
The primary appeal lies in securing a large, well-valued property in an established neighbourhood. A key, less obvious perspective is the home’s age: built in 1912, it is notably older than most homes on the street and in the city. This presents a distinct character and potential for heritage charm, but also implies a different maintenance and renovation profile compared to a newer build. Recent sale activity indicates strong market interest.
This property would best suit buyers who prioritize interior space over a new build, and who appreciate the established streetscape of Norwood East. It’s ideal for someone not intimidated by the care and potential updating a 114-year-old home might require, but who values its proven investment growth, as evidenced by its sold price increase from the $300k-$350k range in 2016 to $450k-$500k in 2024.
Frequently Asked Questions
1. How does the age of the home (1912) impact its value and condition?
While the age places it in the older segment of homes locally, the assessed and recent sold prices reflect its maintained value. Buyers should prioritize a thorough inspection to understand the condition of vintage systems, foundations, and any updates.
2. The living area is much larger than neighbours'. Does this mean additions were made?
It’s very likely. The significant size difference suggests renovations or additions over the home’s long history. Reviewing property records or permits would clarify the nature and quality of these expansions.
3. Is the assessed value a reliable indicator of the listing or sale price?
The assessed value ($461k) is for municipal tax purposes and is typically below market value. The recent 2024 sold price range of $450k-$500k is a more direct indicator of its current market worth.
4. What does the sold price history tell us about this property's market performance?
The home sold in the $300k-$350k range in 2016 and for $450k-$500k in 2024. This indicates substantial appreciation over an 8-year period, outperforming many local averages.
5. Where can I find verified, exact sold prices and transaction history?
The site notes that exact sold prices require a manual lookup due to industry data rules. You can request the exact figures by email through the provided link on the property page for full verification.