Property Overview: 118 Pinedale Avenue, Norwood West, Winnipeg
Key Characteristics & Buyer Appeal
This home at 118 Pinedale Avenue is a 1,039 sqft character property built in 1925, situated on a 3,974 sqft lot in the established Norwood West neighborhood. Its key appeal lies in its position as a competitively priced entry point into a mature area. With an assessed value of $371k, it sits below the street average but aligns closely with the Winnipeg-wide average, suggesting it offers relative value within the city context.
The home’s characteristics paint a clear picture: it is a smaller, older home on a more compact lot compared to its immediate neighbors. This isn't a sprawling property, but rather a efficient, grounded option. It would suit first-time buyers or practical downsizers who prioritize location and character over square footage, and who see potential in a home that may benefit from updates. A thoughtful perspective is that its "below average" metrics on the street could represent an opportunity to add value in a desirable area where many homes are larger and more modernized, appealing to those with a vision for gradual improvement.
Frequently Asked Questions
1. How does the sold price history inform the current value?
The property last sold between $300k-$350k in July 2019. While the assessed value has risen since then, this history provides a benchmark for market trends. Exact sold prices can be requested via email for a precise comparison.
2. Is the smaller lot size a significant drawback?
At approximately 4,000 sqft, the lot is smaller than most on the street and in the area. This means less yard maintenance but also less private outdoor space. Its suitability depends entirely on the buyer's lifestyle—it could be perfect for those seeking low upkeep.
3. What does the "Around Average" city-wide ranking for value really mean?
While the home ranks below average for size and value on its own street, it jumps to "around average" when compared to all of Winnipeg. This indicates you are purchasing a home that is very typical for the broader city market, but you're gaining access to a neighborhood where properties are generally more substantial.
4. As a 1925 home, what should I be prepared for?
A home from this era likely has classic charm but may require attention to older systems like plumbing, electrical, or insulation. A thorough inspection is essential to understand the condition and plan for any necessary updates or maintenance.
5. How reliable is the comparative data provided?
The rankings and averages are derived from public assessment data, offering a solid comparative framework. However, sold price data is from public online sources and is not MLS-verified. For fully verified sales history and exact figures, you must request a manual lookup via email.