Property Overview: 176 Pinedale Avenue, Norwood West, Winnipeg
Key Characteristics & Appeal
This home is a practical and character-filled 1927 bungalow in the established Norwood West neighborhood. At 1,198 sqft, its living space is very close to the Winnipeg average, offering a comfortable footprint for a smaller household. The core appeal lies in its value positioning: with an assessed value of $329k, it sits notably below the averages for both its street and neighborhood. This presents a more accessible entry point into a mature area with larger, often more expensive homes. The lot, while smaller than others on the block, is still a generous city-sized parcel.
It would suit a first-time buyer or downsizer seeking character over sheer size, who is comfortable with a home of this vintage and may see potential in updates. It’s also a pragmatic choice for an investor or buyer focused on land value in a long-established area, where the price per square foot may be more favorable than newer builds. A thoughtful perspective is that a home ranking "below average" in value on a desirable street can represent a smart compromise—you gain the location and community feel while managing the initial investment.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is a starting point. The home last sold between $250k-$300k in early 2020. Market conditions, property condition, and buyer demand will determine the final sale price, but the assessment suggests it is priced below many comparable homes in the immediate area.
2. What should I consider with a home built in 1927?
Homes of this age possess charm but require diligent inspection. Key focuses should be the foundation, roof, plumbing, electrical systems (like knob-and-tube wiring), and insulation. A well-maintained older home can be solid, but budget for potential updates and maintenance.
3. The lot is smaller than others on the street. Is that a major drawback?
Not necessarily. The lot is still a good size by city standards and likely requires less upkeep. It may offer a cozier, more manageable yard while still providing private outdoor space. The trade-off is often a lower purchase price compared to neighbors with larger lots.
4. How does the living area compare to a modern home?
At just under 1,200 sqft, the layout may feel more compartmentalized than an open-concept modern build. It’s efficient for 1-3 people. Consider if the room sizes and flow suit your lifestyle, as reconfiguring older spaces can be costly.
5. How can I get the exact historical sold prices for this property?
The site provides sold price ranges. Due to industry rules, exact MLS sale figures are not displayed publicly here. You can request the full transaction history and exact sold prices via email through the site’s provided service, which will be manually looked up and sent to you.