Property Overview: 21 Oustic Avenue W, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a 814 sqft bungalow built in 1930, situated on a 3,644 sqft lot in Norberry. Its core appeal lies in its position as a competitively priced entry point into the Winnipeg market, particularly within its immediate neighborhood. The assessed value of $284k is very close to the average for Oustic Avenue W, suggesting it is priced in line with its direct peers. However, it represents a value relative to the broader Norberry area and the city overall, where average home sizes and values are significantly higher.

The property suits first-time homebuyers or practical downsizers looking for a manageable footprint without a premium price tag. Its smaller lot and living area translate to lower maintenance and utility costs, a thoughtful trade-off for those prioritizing efficiency. The home’s age (96 years) indicates classic character but also suggests that updates and systems replacements should be carefully evaluated. It’s a home for a buyer comfortable with a property that offers fundamentals in a settled area, rather than modern size or finishes.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to others nearby?
Its assessed value is typical for Oustic Avenue W but sits below the averages for both the wider Norberry neighborhood and Winnipeg as a whole. This indicates you’re paying a "street price" rather than an "area premium."

2. What should I consider given the home’s age?
Built in 1930, the home is older than most in the area and city. A thorough inspection is essential to understand the condition of major systems (plumbing, electrical, roof, foundation) and to budget for potential updates or repairs common in homes of this era.

3. Is the living space and lot size a limitation?
At 814 sqft, the living area is compact. This is efficient for one or two people but may feel constrained for a growing family. The lot is also smaller than most in Norberry, which means less outdoor space but also less yard work.

4. What do the past sale prices indicate?
The home has sold several times since 2016, consistently in the $250k-$300k range. This history suggests a stable, predictable value in its segment without dramatic appreciation.

5. How can I get the exact historical sold prices for this property?
The displayed prices are estimated ranges. To obtain the exact sale figures, you must request a manual lookup via email from the site provider, as they do not publish MLS data directly.