Property Summary: 180 Pinedale Avenue, Norwood West, Winnipeg
Key Characteristics & Buyer Profile
This home at 180 Pinedale Avenue is a compact, character property built in 1927, sitting on a 4,498 sqft lot. Its key characteristic is its modest scale: at 810 sqft, the living area is notably smaller than most homes on its street and in the wider Norwood West neighborhood. The assessed value of $348k is below the local area average but aligns closely with the Winnipeg citywide average, suggesting it offers a more accessible entry point into a established community.
The appeal lies in its position as a practical opportunity. It suits first-time buyers or downsizers seeking a lower-maintenance footprint without leaving a mature, central neighborhood. The lot size, while below the street average, is still generous for the home's footprint, offering potential for outdoor space or future expansion, subject to approvals. A thoughtful perspective is that this property represents a "value play" within its context—you're purchasing location and land, with the existing home providing essential shelter. Its last known sale was between $250k-$300k in early 2020, indicating significant equity growth since then for the seller, and highlighting the neighborhood's desirability.
Frequently Asked Questions
1. Is the house in need of major updates?
Given its age (1927), buyers should budget for potential updates to major systems like plumbing, electrical, or the roof. A thorough home inspection is essential to understand the condition and any immediate needs.
2. Why is the assessed value below the neighborhood average?
The below-average assessment is primarily driven by the home's significantly smaller living area compared to others in Norwood West. Value is often tied to square footage, so this is a typical adjustment.
3. What is the potential for adding on or renovating?
The lot size, while not the largest on the street, provides a reasonable canvas. Expanding the living space is a possibility, but would require careful design to fit the lot and comply with local zoning bylaws.
4. How can I find out the exact past sale price?
The site provides sold price ranges for non-members. To obtain the exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.
5. How does this home rank compared to others in Winnipeg?
City-wide, its living area is in the bottom 10% and its lot size is roughly average. However, its assessed value ranks in the top 55%, indicating that the Norwood West location commands a premium compared to many other parts of the city.