Property Overview: 3-96 Lloyd Street, Norwood West, Winnipeg
Key Characteristics & Appeal
This property is a standout within its immediate Norwood West neighborhood. With 1,132 sqft of living space built in 1990, it ranks in the top 1% of the area for both size and modern construction, significantly exceeding the neighborhood average. Its assessed value of $235k also places it in the top 2% locally, suggesting a premium offering for the area. On its own street and citywide, however, the home presents as more average in size and value, indicating you are paying for a superior position within a specific, sought-after community.
The appeal lies in securing a relatively modern, spacious home in an established neighborhood where it outperforms most peers. It suits a buyer who values being above the local norm—wanting more space and newer construction than typical Norwood West homes—without venturing into the highest citywide price brackets. A thoughtful perspective is that this home offers a "big fish in a small pond" dynamic, providing a sense of relative luxury and modernity within a specific community context, which can be a smart long-term anchor in a transitioning area.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
While average for its street and the city, this home is elite for Norwood West. It's notably larger and newer than most neighborhood properties, which often are older and under 700 sqft.
2. What is the likely sold price based on this data?
The assessed value is $235k. Historical sold data for the property shows it last sold in the $200k-$250k range in 2019 and 2017. Exact sold prices require a manual lookup request through the site.
3. Is the 1990 build date unusual for this area?
Yes. With a neighborhood average build year of 1963, this 1990 home is among the newest, ranking #1 out of 92 comparable properties in Norwood West.
4. What are the trade-offs for being "above average" in the neighborhood?
The home commands a value premium locally. Buyers should weigh the benefits of a newer, larger home in Norwood West against potentially finding a similarly priced property with different features in a different city district.
5. How reliable is the sold price data provided?
The sold price ranges are based on public internet data, not the MLS, and have had limited verification. For fully verified figures and exact transaction history, you must request a manual lookup via email from the site.