Property Overview: 70 Gauvin Street, Norwood West, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition in Winnipeg’s Norwood West neighborhood. Its key characteristic is a below-average assessed value of $338k, which is notably lower than most comparable homes on its street and in the immediate area. This is paired with a living area of 997 sqft, which is also modest relative to nearby properties. The home, built in 1944, is on a generous 5,890 sqft lot that is above average for the street, offering valuable outdoor space and potential.
The appeal lies in its position as a more accessible entry point into a mature neighborhood. The lower price point and taxes, compared to area averages, could free up budget for updates or expansion, making it a canvas for personalization. It suits first-time buyers or practical downsizers who prioritize lot size over a large existing footprint and are comfortable with a home that may require modernization. It’s a strategic choice for a buyer focused on land value and location who sees potential beyond the current specs.
Frequently Asked Questions
1. Why is the assessed value lower than the neighborhood average?
The assessed value is influenced by several factors from the data, primarily the home's smaller living area and its age (1944), which may indicate older systems and finishes compared to some area averages.
2. What does the lot size mean for potential future plans?
The 5,890 sqft lot is a significant asset. It is larger than many on the street and in Norwood West, providing ample space for gardening, recreation, or potential future additions like a garage, deck, or even an extension, subject to local zoning.
3. How recent is the sold price data shown?
The last recorded sale was in May 2019. For fully verified and exact historical sold prices, you must request a manual lookup via email, as the site does not display MLS transaction records.
4. Is the home significantly smaller than others nearby?
Yes. With 997 sqft of living area, it ranks in the bottom tier compared to immediate neighbors and area averages, which are around 1,400-1,436 sqft. This confirms it is a cozier, more efficient layout.
5. What is the context of the "rankings" provided?
The rankings compare this home to specific groups: others on Gauvin Street, in Norwood West, and across Winnipeg. They show how it performs in percentiles for metrics like size, value, and age, helping you understand its relative position in each market segment.