Property Overview: 38 Lloyd Street, Norwood West, Winnipeg
Section 1: Key Characteristics & Appeal
This 660 sqft home, built in 1929, presents a compact and efficient living space on a standard 3,670 sqft lot in Norwood West. Its key characteristic is its position as a modest, lower-priced entry point into a desirable neighborhood. The appeal lies in its relative affordability within the context of the area, where assessed values are significantly higher on average. The home last sold for an estimated $200k-$250k in late 2019.
This property would suit first-time buyers or investors seeking a foothold in a central neighborhood without the premium price tag of larger homes. It may also appeal to downsizers or those seeking a minimalist, low-maintenance lifestyle. A less obvious perspective is that its smaller size and older vintage could represent a straightforward renovation or modernization project for a handy buyer, with the lot offering potential for garden space or outdoor living that larger homes in the area provide.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At 660 sqft, the living area is notably smaller than most homes in Norwood West (top 98%, meaning only 2% are smaller) and across Winnipeg. On Lloyd Street itself, it ranks better but is still below the street average of 908 sqft.
2. Is the assessed value in line with the neighborhood?
No, the assessed value of $258k is well below the Norwood West average of $426.1k. This reflects the home's smaller size and likely simpler condition compared to the neighborhood's larger, more valuable properties.
3. What is the land like?
The 3,670 sqft lot is very typical for Lloyd Street but is below the neighborhood and city averages for lot size. This suggests a standard urban lot without extra land premium.
4. How old is this home compared to others?
Built in 1929, it is actually newer than most homes on Lloyd Street (top 9%) and around average for Norwood West. This is a positive note, indicating it may have newer infrastructure than some immediate neighbors.
5. Where can I get verified historical sale data?
The site notes that exact sold prices are not displayed due to industry rules. They offer a manual lookup service where you can request the full transaction history and exact figures via email, which they will provide without using your email for marketing.