Property Overview: 21 Lawndale Avenue, Norwood West
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its exceptional lot size. At 11,520 sqft, the property boasts a land area in the top 1% for both its street and the entire Norwood West area, offering rare potential for expansion, gardening, or outdoor living in the city. The house itself is a 1,072 sqft bungalow built in 1945, with a living space that is modest compared to immediate neighbors but near the city-wide average. Its assessed value of $426,000 is consistently around the average for its local context.
The primary appeal lies in the significant land-to-building ratio. It suits a buyer who prioritizes outdoor space and future potential over immediate square footage. This could be perfect for someone with renovation or expansion plans, a multi-generational family considering an addition, or a buyer who simply values a large, private yard. It’s a property where the true value is more in the land than the current structure, appealing to those with vision and an understanding that the existing home provides a solid, affordable entry point into the neighborhood.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg properties?
The lot is exceptionally large, ranking in the top 4% city-wide. It is nearly double the average lot size on Lawndale Avenue and in Norwood West.
2. Is the house significantly smaller than others in the area?
Yes. At 1,072 sqft, the living area is below average for both the street and the neighborhood. This is the trade-off for the much larger lot.
3. What is the recent sales history?
The home sold in December 2022 for an estimated price between $450,000 and $500,000. Exact sold prices require a manual lookup request through the site.
4. Is the assessed value a reliable indicator of the market price?
The assessed value ($426k) is a municipal valuation for tax purposes. It is around the local average but may differ from current market value, which is influenced by factors like the unique lot size and recent sales trends.
5. What does the "Elite" ranking for land area mean?
This indicates the property's lot size falls within the top ~1-5% of comparable properties in that geographic category, highlighting its standout characteristic.