Property Overview: 177 Des Meurons Street, Winnipeg

Key Characteristics & Buyer Appeal

This home at 177 Des Meurons Street in Norwood East presents a distinct profile defined by its historical roots and practical value. Built in 1911, its 1,230 sqft of living space is competitively sized for the area, ranking above many nearby and city-wide comparables. The primary appeal lies in its financial accessibility. With an assessed value of $233k—significantly below averages for the street, neighbourhood, and city—it offers a clear entry point into the market. This is further underscored by its last known sale price, which also fell in a below-average range.

The property’s most notable characteristic is its compact 1,551 sqft lot, which is substantially smaller than typical lots in Winnipeg. This suggests a low-maintenance yard, appealing to those seeking a simpler outdoor space. The combination of a century-old home on a small lot creates a unique proposition: it suits a practical buyer who appreciates character but prioritizes affordability and manageable upkeep over expansive square footage or land. It would be well-matched for a first-time homebuyer, an investor, or someone looking to downsize without leaving the established Norwood East neighbourhood.

Frequently Asked Questions

1. What does the assessed value being "below average" actually mean for a buyer?
It indicates the city's tax assessment is lower than most comparable properties. This can suggest a more affordable purchase price and will likely result in lower property taxes, which is a recurring annual savings.

2. The lot size is very small. What are the implications?
The small lot (1,551 sqft) means minimal yard maintenance, which is a benefit for those seeking a low-maintenance lifestyle. However, it may limit options for additions, large decks, or extensive landscaping. It's important to verify local zoning bylaws for any future plans.

3. The house was built in 1911. What should I check for?
While the home offers classic character, its age necessitates a thorough inspection. Key focus areas should include the foundation, electrical and plumbing systems, insulation, and the roof. Understanding the update history of these major components is crucial.

4. How reliable are the sold price figures shown?
The provided sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as noted in the data disclaimer.

5. The living area is above average, but the lot and value are below average. How does that balance out?
This balance is the core dynamic of this property. You are getting more interior space for your money compared to the area, but that value comes with trade-offs: an older home and a much smaller lot. It appeals to those who prioritize indoor space and budget over outdoor private space.