Property Overview: 37 Lawndale Avenue, Norwood West, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of established value and notable potential. Its key characteristic is a generous 6,596 sqft lot, which ranks in the top 3% on its street and top 8% in Norwood West. This offers significant outdoor space and future opportunity relative to nearby properties. Built in 1914, the house is one of the older homes in the area, suggesting classic architectural character but also a need for buyers to be mindful of maintenance and updates. With 1,400 sqft of living space, it is comfortably average for the neighborhood, fitting typical family needs.
The appeal lies in its strong assessed value of $526k, which sits well above averages for the street, neighborhood, and city, indicating official recognition of its worth and lot premium. It last sold in 2016 for an estimated $450k-$500k. This property would suit a buyer who values a larger, established lot in a mature neighborhood and is either comfortable with the stewardship of a century-old home or sees potential in its underlying value. It's less suited for those seeking a newer, low-maintenance property without renovation plans.
Frequently Asked Questions
1. Why is the assessed value so much higher than the neighborhood average?
The assessed value is likely elevated due to the property's standout feature: its large lot size. Municipal assessments factor in land value, and a lot in the top 3% on the street commands a premium.
2. What should I consider with a 1914 build date?
While offering charm, a home of this age requires a thorough inspection. Focus on the condition of foundational elements, plumbing, electrical systems, and insulation. Budgeting for ongoing maintenance and potential updates is essential.
3. How does the last sold price (2016) relate to today's value?
The 2016 sale price provides a historical benchmark, but market conditions have changed. The current assessed value is a more recent official gauge, though the final market price will be determined by current demand, the property's condition, and recent comparable sales.
4. The living space is average, but the lot is large. What does this mean for me?
This configuration prioritizes outdoor space over indoor square footage. It's ideal for gardening, entertaining, children or pets, and offers potential for expansions like a deck, garage, or even an addition, subject to zoning.
5. How can I get the exact past sale prices for this home?
The provided data is from public sources and shows ranges. For fully verified and exact transaction history, you must request a manual lookup from the site, which they provide via email without using your information for marketing.