Property Overview
252 Metcalfe Avenue is a compact, nearly century-old home in Winnipeg's Norwood West neighbourhood. Its primary characteristic is its modest 572 sqft living area, which is notably smaller than most homes on its street, in the area, and across the city. However, its assessed value of $251,000 is around the average for Metcalfe Avenue, suggesting the value is anchored more by its location than its size. The lot, at 3,302 sqft, is also below average for the area but offers potential outdoor space. Built in 1927, the home is typical for the era of houses in this part of the city.
The appeal lies in its position as a potentially accessible entry point into a mature neighbourhood. For the right buyer, the lower assessed value relative to the wider area could represent a chance to secure a land parcel and location without the premium of a larger house. It would suit a minimalist buyer, an investor looking for a manageable rental property, or someone seeking a footprint for a future rebuild or significant renovation. It’s less suited for those requiring immediate move-in-ready space or for families needing multiple bedrooms.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
As a home built in 1927, its floor plan reflects older design norms. It's likely a bungalow or cottage-style home, common for the period, which prioritized different use of space compared to modern additions and expansions seen on neighbouring lots.
2. Is the assessed value likely accurate for setting an offer price?
The assessed value is a municipal tool for calculating property tax, not a direct market valuation. That it aligns with the street average but is well below the neighbourhood average indicates the street itself may have more modest homes. A market appraisal or comparative market analysis (CMA) from a realtor is essential for determining current market value.
3. What are the implications of buying such an old home?
While the building age is typical for Norwood West, a home from 1927 will require diligent inspection for foundational integrity, outdated wiring or plumbing, and insulation. Budgeting for ongoing maintenance and potential upgrades should be a core part of the purchase decision.
4. The lot is below average for the area, but is it still a good size?
At just over 3,300 sqft, the lot is certainly usable for a garden, patio, or small addition. Its value is in providing private outdoor space in an established neighbourhood, even if it doesn't match the larger lots found on other streets.
5. How can I get accurate past sale prices for this property?
As noted in the data, this site does not have access to MLS sale history. You can use the provided button to request that information manually via email, or a licensed real estate agent can pull the complete transaction history for you directly from the MLS system.