250 Metcalfe Avenue

Property Overview: 250 Metcalfe Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a compact, century-old property in Norwood West, presenting a clear value-oriented opportunity. Its primary characteristic is its modest scale: at 668 sqft, the living area is notably smaller than most homes in the neighborhood and city. The lot, while also below area averages, provides a manageable outdoor space. Built in 1926, it aligns with the typical age of homes on its street.

The appeal lies in its accessibility and potential. With an assessed value significantly below neighborhood and city averages, it offers a lower financial entry point into a well-established area. This isn't a sprawling family home; instead, it suits a first-time buyer, an investor, or someone seeking a minimalist footprint without sacrificing location. Its price positioning suggests it could be a practical "live-in and renovate" project or a straightforward, lower-maintenance holding. A thoughtful perspective is that its smaller size translates to lower utility costs and less upkeep, which can be a significant long-term advantage often overlooked in favor of square footage alone.

Section 2: Frequently Asked Questions

1. Is the living area too small?
At 668 sqft, it is substantially smaller than the average Winnipeg home. It would suit individuals, couples, or those comfortable with efficient, compact living. It is not designed for a large or growing family.

2. Why is the assessed value so much lower than the neighborhood average?
The assessed value of $247k reflects the home's smaller size and older age relative to the broader mix of larger, potentially updated homes in Norwood West. It ranks as average for its immediate street, indicating it is priced in line with its most direct comparables.

3. What can the sold price history tell me?
The home sold between $200k-$250k in September 2022. This public data point provides a recent market benchmark. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as they do not display MLS records.

4. What are the less obvious considerations with a home from 1926?
While the age is typical for the street, a home nearing 100 years old requires a diligent inspection. Potential updates to wiring, plumbing, and insulation should be budgeted for, but this also presents an opportunity to customize the space to modern standards over time.

5. How does the lot size impact future plans?
The 3,302 sqft lot is smaller than many in the area, which limits possibilities for large additions. However, it is still a decent-sized urban lot that allows for a yard, garden, or patio, and its manageability can be a positive for those not wanting extensive landscaping duties.