Property Summary: 172 Ashdale Avenue, Norwood West, Winnipeg
Key Characteristics & Appeal
This 1,685 sqft home on a 5,998 sqft lot in Norwood West is a well-established property that stands out for its above-average size and value within its immediate context. Built in 1948, it is one of the older homes on its street, suggesting a level of character and maturity in the streetscape. The primary appeal lies in its strong positional metrics: its living area and, especially, its $610k assessed value rank in the top 7% for the Norwood West neighborhood and citywide. This indicates a property that is both larger and more valuable than most comparable homes in a broad area, often a sign of desirable location, lot specifics, or significant updates. It last sold in mid-2023 for an estimated $700k-$750k, a price that placed it in the top 3% for the area at that time.
This home would suit a buyer looking for a solid, above-average property in a mature neighborhood. It’s ideal for someone who values space and established community character over a brand-new build. The data suggests it's a premium offering within Norwood West, likely appealing to buyers who prioritize investment in a proven location and are comfortable with a home of this era, potentially seeing the older vintage as an opportunity for personalized updates.
Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value of $610k is a municipal valuation for tax purposes and is often lower than market value. The home's last sold price (2023) in the $700k-$750k range is a more current indicator of its market worth, though prices can fluctuate.
2. The home was built in 1948. Should I be concerned about major repairs?
While the year built indicates potential for older infrastructure (like plumbing, electrical, or roof), its above-average assessed and recent sold value suggest it may have seen significant updates or is situated on a particularly desirable lot. A thorough professional inspection is essential to understand the condition of these older systems.
3. The lot size is ranked lower on the street than other metrics. Is that a drawback?
At just under 6,000 sqft, the lot is still above the neighborhood average. While some lots on Ashdale Avenue are larger, this size is very typical and functional for the area. The home's strong value ranking implies that other factors—like the home's size, condition, or exact placement on the lot—are driving its premium position.
4. What do the "Top X%" rankings actually tell me?
They show how this property compares to similar homes in three circles: its immediate street, the wider Norwood West neighborhood, and all of Winnipeg. For example, ranking in the "Top 7%" for value city-wide means its assessed value is higher than 93% of comparable Winnipeg homes, highlighting its relative premium status.
5. How can I get the exact historical sold prices?
The provided sold price is an estimated range from public records. To obtain the exact, verified sale history and figures, you must request a manual lookup from the site via email, as they do not display full MLS transaction data.