Property Overview & Key Characteristics
This one-and-a-half storey home on a spacious 5,310 sqft lot in Norwood East presents a classic Winnipeg character home opportunity. Built in 1945, its key appeal lies in the combination of a generous, mature lot and a recently renovated basement, offering immediate usable space. With 912 sqft of living area, the home is efficiently sized, suggesting a balance between historic charm and manageable upkeep.
Its appeal is multifaceted: it sits on a lot larger than most on its street and in the wider neighbourhood, which is a significant asset for gardening, outdoor living, or future expansion. The detached garage adds practical storage or workshop potential. The home would particularly suit first-time buyers or downsizers seeking a solid entry into a mature, established neighbourhood without a massive footprint. It also appeals to value-conscious buyers who prioritize land size and the potential of a renovated basement over a large or modernized main living area. A thoughtful perspective is that while the living area is modest, the large lot provides a rare "buffer" of privacy and green space in the city that is increasingly valuable and harder to find.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is typically lower than market value. The last recorded sale was in September 2021 for $290,000, which is a more relevant, though not current, benchmark for understanding the home's market price.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finishes, the quality of the renovation, whether it includes a legal secondary suite or additional bedroom, and importantly, if any moisture-proofing or drainage work was completed.
3. Is the lot size a major advantage?
Yes. At 5,310 sqft, the lot is larger than approximately 76% of properties in Norwood East. This is a standout feature, offering more outdoor space than typical for the area, which can be used for recreation, gardening, or could be a long-term asset for potential additions (subject to zoning).
4. How does the living space compare to nearby homes?
At 912 sqft, the above-ground living area is compact. For comparison, nearby reference properties show sizes ranging from 739 sqft to 1,240 sqft. This suggests the home may have a cozier, more efficient layout rather than sprawling rooms, which can mean lower utility costs and less maintenance.
5. What is the neighbourhood like?
Norwood East is a central, mature neighbourhood. The listing shows a mix of early and mid-20th century homes on the street, indicating a well-established, stable community. The presence of several nearby "Worth viewing" properties in the area suggests it is an active market for buyers seeking character homes.