Property Overview: 163 Lawndale Avenue, Norwood West, Winnipeg
Key Characteristics & Appeal
This home is a study in solid, established value within a mature Winnipeg neighborhood. Built in 1940, it offers a living space of 1,387 sqft, which is consistently "around average" when compared to homes on its street, in Norwood West, and across the city. Its assessed value of $405K follows a similar pattern, positioned comfortably within the middle range of its immediate market.
The property’s standout feature is its generous 5,998 sqft lot, which ranks in the elite top 4% on Lawndale Avenue itself. This presents a significant opportunity for outdoor space, gardening, expansion, or simply enjoying a larger yard than most neighbors—a premium in established infill areas. The home last sold between $400K-$450K in late 2021, a price point that historically placed it above the city-wide median.
This property would suit practical buyers who value space over flash, particularly those looking for a character home with above-average outdoor potential. It’s ideal for someone comfortable with a home of this era, who sees the lot size as a long-term asset for enjoyment or future improvement, rather than seeking a move-in-ready modern showcase. It represents a grounded entry into a stable, well-located community.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($405K) is for municipal tax purposes. Market value is determined by current buyer demand and recent comparable sales, like the home's 2021 sale in the $400K-$450K range.
2. What does the lot size ranking actually mean for me?
Ranking in the top 4% on the street for lot size means you're getting one of the largest parcels on the block. This translates to more privacy, yard space, and potential (like adding a garage or deck) than most direct neighbors have.
3. The home is older than the city average. Should I be concerned?
A 1940s build requires a focus on maintenance and updates. A thorough inspection is essential to check the condition of major aging components like the roof, plumbing, and electrical systems. This era of home often features solid construction but may need modernization.
4. How does this home’s size compare practically?
At 1,387 sqft, it's a typical size for the area—perfectly functional for a small family or couple. The data suggests you’re not paying a premium for square footage, but you’re also not getting less space than is standard for the neighborhood.
5. Can I get the exact historical sale price?
The public data shows a sold price range. For the exact figure, you must request a manual lookup from the site via email, as they do not have access to the proprietary MLS sales history.