Property Overview: 199 Raymond Place, Norwood East, Winnipeg

Key Characteristics & Appeal

This home at 199 Raymond Place is a well-situated property in Winnipeg's Norwood East neighbourhood, presenting a blend of established character and solid value. Built in 1952, it is a newer construction compared to many homes in its immediate area, which may suggest updated infrastructure or fewer concerns associated with very old homes. With 1,072 sqft of living space, it offers a manageable footprint that is fairly typical for the neighbourhood, appealing to those seeking a cozy, efficient layout without excessive upkeep.

The property’s assessed value of $368,000 stands out as above average for Norwood East, indicating it is perceived as a higher-value home within this specific community. However, its lot size of 4,731 sqft is the smallest on its street, a trade-off for a potentially more private or low-maintenance yard. The home last sold between $350,000-$400,000 in August 2022.

This property would suit a first-time buyer or downsizer looking for an established, character neighbourhood with a strong sense of community. Its appeal lies in its relative modernity for the area, its position as a premium home within Norwood East, and the manageable scale of both the house and lot. A thoughtful perspective is that while the lot is smaller than others on the street, this can mean less yard work and lower exterior maintenance costs, aligning with a simpler lifestyle.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the expected selling price?
The assessed value is for municipal tax purposes and is one data point. The home's above-average assessment for Norwood East suggests it has features or condition the city values highly, but the actual market price is determined by current buyer demand, recent comparable sales, and the home's present state.

2. What does it mean that the home is "newer" than others in the area?
Built in 1952, this home is newer than many in Norwood East. This can be an advantage, potentially meaning systems like plumbing or electrical have undergone fewer generations of updates and might be closer to modern standards, though a full inspection is still essential.

3. The lot is the smallest on the street. Is this a major drawback?
This depends on your priorities. A smaller lot means less outdoor maintenance and gardening, which can be a benefit. It may also offer a cozier streetscape. If you desire extensive outdoor space for gardening or entertaining, you may want to compare it to other available lots.

4. How does the living space compare to a typical Winnipeg home?
At 1,072 sqft, the living area is slightly below the Winnipeg average. This points to a efficient, likely bungalow or similar style home. It's well-suited for individuals, couples, or small families who prioritize location and character over expansive square footage.

5. Can I get the exact historical sale price?
The public data shows a sold price range. For verified, exact sale figures from past transactions, you must request a manual lookup from the site provider, as they do not display MLS sold records due to industry rules.