Property Overview: 167 Coniston Street, Norwood West, Winnipeg
Key Characteristics & Appeal
This is a compact, century-old home (built 1911) on a standard lot in the established Norwood West neighborhood. Its primary appeal lies in being an accessible entry point into a desirable area. With 1,008 sqft of living space and an assessed value of $231k, it sits well below neighborhood and city averages for both size and value. This creates a clear opportunity for first-time buyers or investors seeking a lower-cost foothold in a mature community. The home last sold between $200k-$250k in late 2022, a price range that was notably affordable compared to most of Norwood West at the time.
Its suitability is for practical, value-oriented buyers. It’s a candidate for a live-in renovation, a long-term hold for rental income, or a simple, no-frills home for someone prioritizing location over square footage. A less obvious perspective is that its smaller scale and lot (3,114 sqft) mean lower maintenance costs and property taxes compared to larger area homes, offering a more manageable commitment. However, the data consistently shows it ranks below area averages, so buyers should be prepared for a home that is modest in scope relative to its surroundings.
Frequently Asked Questions
1. Is this a good value for the neighborhood?
The data suggests it is priced for entry. Its assessed value is in the bottom 3% for Norwood West, meaning it's one of the most affordable properties in the area. Value will depend on its condition and modernization needs.
2. What should I consider about a 115-year-old home?
While the street's average home was built around 1936, this 1911 build is among the older ones. Prospective buyers should budget for and prioritize a thorough inspection of foundational, electrical, and plumbing systems common to homes of this era.
3. The living area seems small. How does it compare?
At 1,008 sqft, it's smaller than the average home on its street (1,104 sqft) and significantly smaller than the neighborhood average (1,420 sqft). It's a compact layout suited for individuals, couples, or small families.
4. How reliable is the sold price data shown?
The site shows an estimated sold price range from late 2022. They note this data is not from the MLS and offer to provide exact, verified sale figures via email upon request, as MLS rules prevent them from displaying it directly.
5. What are the potential upside and downside?
The upside is securing a property in Norwood West at a below-market cost. The downside is that the below-average metrics for size, value, and year built may indicate a need for investment to bring it up to contemporary standards, which could offset the initial savings.