Property Overview: 71 Gauvin Street, Norwood West, Winnipeg
Key Characteristics & Appeal
This 1945-built home in Norwood West presents a practical opportunity with a distinct profile. At 1,324 sqft, its living space is modest, ranking below the street average but aligning closely with the Winnipeg-wide average. The assessed value of $359k is notably below average for both the street and the neighborhood, yet sits around the city's midpoint, suggesting a potentially accessible entry point into the area.
The property's standout feature is its land. The 6,023 sqft lot is above average for both Gauvin Street and the wider Norwood West neighborhood, offering valuable outdoor space and potential in a mature community. This creates an interesting dynamic: a home with average interior space on a better-than-average parcel of land. Its appeal lies in this balance—a chance to secure a character home in an established area, possibly with room to grow or garden, at a value-oriented assessment. It would suit a buyer comfortable with a home from the 1940s, who prioritizes lot size and location over sheer interior square footage, and who sees potential in the gap between its current assessment and neighborhood averages.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While a key benchmark, the assessed value is for municipal taxation and may not reflect current market value. The home's last known sale was between $350k-$400k in late 2020. Given its below-average assessment for the area, it may attract attention for its perceived value, but a professional appraisal and market analysis are essential.
2. How does the home's size compare to others nearby?
The living area is smaller than most immediate neighbors on Gauvin Street, ranking 13th out of 18 homes. However, it is very close to the average size for the entire city of Winnipeg. This indicates you're buying into a street of relatively larger homes, but the property itself offers a typically sized Winnipeg interior.
3. What are the implications of the larger-than-average lot size?
The above-average lot for the neighborhood is a significant asset. It provides more private outdoor space than many nearby properties and could offer future potential for additions, landscaping, or gardening, subject to local zoning bylaws.
4. The home was built in 1945. What should I consider?
A home of this age will likely have character but requires diligent inspection. Key focuses should be the condition of major systems (roof, plumbing, electrical, foundation) and insulation. Some updates may be needed to meet modern efficiency standards, which can be an opportunity to customize.
5. How can I get the exact historical sold prices for this property?
The site provides sold price ranges for context. To obtain fully verified, exact transaction figures, you must request a manual lookup via email through the provided site function, as this data is not sourced from the MLS system.