Property Overview: 1-100 Des Meurons Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home in Norwood East presents a distinct value proposition centered on its generous lot. The property sits on a 5,247 sqft parcel of land, which is larger than most lots in the immediate area and neighborhood. This is its most standout physical feature, offering ample outdoor space for gardening, recreation, or future expansion in a mature, established community.

The appeal lies squarely in its land value and affordability. With a recent sold price between $300k-$350k and an assessed value significantly below area averages, it represents one of the most accessible entry points into the Winnipeg market. This is not a renovated or modernized home; its below-average assessment rankings suggest it's a candidate for updates. It would best suit a value-conscious buyer—perhaps a first-time homeowner, an investor, or a hands-on individual—who prioritizes land size and location over move-in-ready condition and sees potential in the property itself rather than in its current finishes.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than neighboring homes?
The assessed value is a municipal estimate for taxation, often based on factors like the home's age, size, condition, and recent sales. Its ranking in the bottom 3% of the neighborhood strongly indicates the home is likely dated or in need of significant updates compared to others on the street.

2. What does the sold price range actually tell me?
The sold price of $300k-$350k (June 2024) confirms the market price was well below area averages. This aligns with the low assessment and suggests the home was purchased as a value play, likely reflecting its as-is condition at the time of sale.

3. Is the large lot a good investment?
Potentially. A larger lot in an established neighborhood is a finite resource and provides flexibility. It could be a long-term asset for personal use or future development, but its value is only realized if local zoning allows for its full utilization (e.g., additions, subdivision).

4. How does the age of the home (approx. 1937) factor in?
Homes from this era in Norwood East often have solid construction but will likely require updates to major systems like wiring, plumbing, and insulation. This should be factored into any offer and inspection process.

5. Where can I get the exact sold price and history?
Due to industry regulations, exact MLS sold data is not published here. You can request the verified, exact sale figures directly via the email lookup service provided on the original listing page.