Property Overview: 58 Chandos Avenue, Norwood West, Winnipeg
Key Characteristics & Appeal
This home at 58 Chandos Avenue is a classic Norwood West property that represents a solid, middle-ground opportunity in the Winnipeg market. Built in 1947, it is actually newer than many homes on its street and in the established neighborhood, which can be an advantage for systems and structure. With 1,282 sqft of living space and a 5,759 sqft lot, its size is consistently "around average" when compared to its immediate street, the wider Norwood West area, and the city overall. This suggests a home that fits comfortably within its context—neither the largest nor the smallest.
Its primary appeal lies in its balance and established location. The assessed value of $354k sits below the Norwood West neighborhood average, potentially indicating room for value growth or simply representing a more accessible entry point into a desirable area. The lot size is notably larger than the street average, offering valuable outdoor space. This property would suit pragmatic first-time buyers or downsizers seeking a manageable home in a mature neighborhood without extreme fixer-upper projects. It’s also a sensible fit for value-oriented investors or buyers who prioritize a larger yard over a maximized interior footprint, appreciating the stability of a home that consistently meets, rather than exceeds, typical benchmarks.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, the home sold in October 2024 for an estimated $400k-$450k. This sold price ranked in the top 33% city-wide, suggesting it may have attracted strong interest, but was around the median for the Norwood West area itself.
2. Is the 1947 build date a concern?
While 79 years old, the home is newer than the average build year on its street and in Norwood West. This relative advantage can mean updates may have already been addressed by previous owners, but a thorough inspection of the roof, wiring, plumbing, and foundation remains essential.
3. What does the "below average" assessed value for the neighborhood mean?
The home’s assessed value ($354k) is below the Norwood West average ($426k). This could reflect the home’s specific condition, size, or features relative to others in the area. It doesn’t necessarily indicate a problem, but can represent a value opportunity or a property that is modest for the neighborhood.
4. How does the lot size impact the property?
At 5,759 sqft, the lot is larger than the average on Chandos Avenue. This is a key asset, providing more private outdoor space, gardening potential, or future expansion options (subject to zoning) than many neighboring properties.
5. Where can I get verified sale price history?
The site notes that exact sold prices are not displayed publicly due to industry rules. They offer a manual lookup service; you can submit a request via email to receive the precise transaction history and figures directly.