Property Overview: 19 Larchwood Place, Norwood West, Winnipeg
Key Characteristics & Appeal
This home at 19 Larchwood Place presents a compelling blend of established character and above-average metrics for its immediate area. Built in 1948, it is one of the older homes on its street, suggesting a well-built core and mature surroundings. Its primary appeal lies in its strong performance relative to local benchmarks: with 1,706 sqft of living space, it is notably larger than the average home on its street, in Norwood West, and across Winnipeg. More strikingly, its $580k assessed value ranks in the top 10% on its street and in the neighborhood, indicating it is perceived as a premium property within this context.
The property would suit buyers looking for a spacious, character home in a stable, established neighborhood. It’s ideal for someone who values being in a home that stands out in terms of size and assessed value on its block, offering a sense of substance and investment relative to its closest peers. The lot size, while slightly below the neighborhood average, is still generous for the street. A thoughtful perspective for potential buyers is to consider that the home’s age (older than most in the city) may require a different maintenance approach than a newer build, but it also likely comes with the craftsmanship and settled charm of its era. Its high assessed value relative to neighbors also means property taxes will be proportionately higher.
Frequently Asked Questions
1. How current is the sold price data shown?
The listed sale from August 2017 is based on publicly available data, not MLS records. For fully verified transaction history and exact sale figures, you must request a manual lookup via email from the site.
2. The assessed value seems high compared to neighbors. What does that mean?
A high assessed value, especially ranking 2nd highest on the street, typically reflects the municipality’s view that the property has greater value due to its size, condition, improvements, or lot attributes. It suggests the home is a premium offering on the block but also results in higher property taxes.
3. Is the lot size a drawback?
At 5,401 sqft, the lot is above average for Larchwood Place itself but below the Norwood West average. This means it fits right in on its own street but may have less yard space than some other homes in the wider neighborhood.
4. The home is older than the city average. Should I be concerned?
Built in 1948, it’s newer than many in Norwood West but older than the typical Winnipeg home. This isn’t unusual for established central neighborhoods. It necessitates a thorough inspection to understand the condition of major aging components like plumbing, electrical, and the roof, but often brings desirable build quality and architectural details.
5. How does the living area compare practically?
With 1,706 sqft, this home offers significantly more space than the average Winnipeg home (~1,342 sqft) and those immediately around it. This translates to more room for families, home offices, or comfortable living without the footprint of a much larger, newer suburban home.