Property Overview: 142 Claremont Avenue, Norwood West
Key Characteristics & Appeal
This is a classic 1924 Winnipeg character home in the established Norwood West neighborhood. Its primary appeal lies in its desirable location and a lot size that is generous for the area, offering potential for expansion or outdoor space. At 984 sqft, the living area is notably compact compared to most homes on its street and in the city, indicating a cozy, efficient layout rather than a spacious one. This creates a specific value proposition: you are purchasing a solidly assessed property (valued in line with its street and neighborhood averages) in a prime location, but the existing house itself is smaller-scale.
The data suggests it would best suit a buyer who prioritizes location and land over square footage. This could be a first-time buyer or downsizer comfortable with a efficient footprint, or an investor/visionary buyer who sees the underlying value in the lot and location for future renovation or expansion. It’s a property where the value is anchored more in its position and land (5,983 sqft) than in its current interior size.
Frequently Asked Questions
1. Is the house unusually small?
Yes, compared to direct neighbors. The living area ranks in the bottom 6% on Claremont Avenue itself, where average homes are about 1,600 sqft. It is more in line with, though still below, broader city averages.
2. What is the property’s main financial advantage?
Its assessed value is stable and aligned with area averages, but you are acquiring a larger-than-average lot for the neighborhood. This discrepancy between the modest house size and the substantial lot can represent the key value opportunity.
3. How old is the house, and what does that mean?
Built in 1924, it is slightly older than the average on its street. This is typical for Norwood West and implies classic construction and potential character details, but also warrants a careful review of systems like wiring, plumbing, and the foundation.
4. Can I see the exact past sale price?
The provided data shows a sold price range of CA$400k–450k for March 2020. Due to data licensing rules, exact historical sale figures are not published on the site but can be requested directly from the service for verification.
5. How does its value hold up in the wider market?
The assessed value of $433k performs around average for its immediate street and neighborhood, and is above the Winnipeg citywide average. This indicates its valuation is supported by its specific location within Norwood West, not just the general market.