Property Summary: 69 Lloyd Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 812 sqft home, built in 1911 on a 2,946 sqft lot in Norwood West, presents a specific and practical value proposition. Its core appeal lies in its relative affordability within a desirable, established neighborhood. While its living space and lot size are notably below the area and city averages, its assessed value of $251k is also significantly lower than neighborhood and city benchmarks. This creates an entry point into Norwood West, an area where average home values are considerably higher.
The home would suit first-time buyers, downsizers, or investors seeking a lower-cost foothold in a mature community. Its size suggests manageable upkeep and utility costs. A thoughtful perspective is that this property represents the "baseline" for the street and area—it’s not the largest or newest, but it offers a chance to own in a location where many other homes are valued much higher. The data indicates you are paying primarily for location here, with the understanding that the home itself is a modest, century-old structure.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 812 sqft, the living area is slightly below the average for Lloyd Street itself (~908 sqft) and is significantly smaller than the broader Norwood West (~1,420 sqft) and Winnipeg (~1,342 sqft) averages.
2. Is the assessed value in line with the neighborhood?
No, it’s notably below. The home’s $251k assessment sits well under the Norwood West average of ~$426k, which is a key factor in its affordability for the area.
3. What is the historical sales context?
Records indicate it last sold in July 2021 for between $250,000 and $300,000. This past sale price aligns closely with its current assessed value.
4. How does the lot size impact potential?
The 2,946 sqft lot is smaller than most in Norwood West. This may limit expansion possibilities but also translates to less yard maintenance.
5. Where can I get verified sale price data for this property?
The site notes that exact sold prices require a manual lookup. You can request this information by email, and they will provide the exact figures directly.