Property score
46.2
Below average
Overall 46.2 · Smaller and older than most nearby homes
748 sqft (bottom 5%) · Built in 1922 (15 yrs older than avg)
Located in a above-average income area with median household income of ~74.5k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 5 dining spots, 1 school, 4 healthcare facilitys, and 2 shops nearby
Living Area
Below average
47% smaller than neighborhood avg.
Year Built
Below average
15 yrs older than neighborhood avg.
Mother tongue
English · 73%French · 14%
Past 10 years Norwood West sales snapshot (~80% of all data)
269
425k
$266/sqft
1937
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46.2 is composed by the two sections below.
Property Score
Community Score
Norwood West
How to read: Share of sales in each ~$50k price band for “norwood west” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110560
$75K
Median household income
$101K
Average household income
10%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
43%
Single-person households
16%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
49 Lloyd Street — 17 amenities found within 500 m, across 6 categories, including 5 dining (nearest 163 m), 1 education (nearest 373 m), 4 healthcare (nearest 164 m).
Norwood West · WPS public data · 2026
Annual incidents
6
2026
vs. city avg
-80%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Violent
50%
49 Lloyd Street: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Key Characteristics & Appeal
This is a small, older home on a solid lot. The living area is roughly 748 square feet, which places it well below average for both its street and the broader Norwood West area. Where the property stands out is in its assessed value: at around $289,000, it is notably higher than the median for Lloyd Street, ranking in the top 27% there. This suggests the home may have been well-maintained or updated relative to its immediate neighbours, even though its value sits significantly below the Norwood West and citywide averages.
The land is a practical 3,887 square feet—about average for the street but generous when compared to the tiny lots typical of the neighbourhood’s bottom tier. The home was built in 1922, making it a century-old structure that is older than most homes in the area.
This property’s appeal lies in its affordability relative to the local market. It would likely suit a buyer who is priced out of larger Norwood West homes but wants to stay in the area. It’s not a family home in terms of square footage, but it could work well for a single person, a couple, or an investor looking for a lower-cost entry point in a relatively desirable neighbourhood. The key trade-off is living space versus lot size—you get the yard, but not the house.
1. How does the small living area affect resale potential?
It’s a limitation. Homes in the bottom 5% for size in Norwood West may take longer to sell to families, but they can move quickly for buyers looking for a low-maintenance, smaller footprint. The larger lot does offer some flexibility for an addition, but that comes with significant cost and permitting.
2. Is the high assessed value relative to the street a reliable sign of condition?
Not exactly. Assessed value reflects market trends and municipal valuation, not a home inspection. It could mean the home has had recent upgrades, but it could also reflect that neighbouring houses on the street are in rougher shape or are smaller. A buyer should still budget for a thorough inspection, especially given the 1922 construction date.
3. What are the common issues with a home built in 1922?
You can expect an older foundation (likely stone or block), aging electrical systems (possibly knob-and-tube), and old plumbing. Lead paint and asbestos in insulation or flooring are also possible. That said, many homes of this era have been partially updated—verify what’s original before closing.
4. Is a 3,887 sqft lot unusual for Norwood West?
Yes. The property ranks in the bottom 8% for land area within the neighbourhood, meaning many homes sit on even smaller lots. But compared to citywide data, this lot is still in the bottom quarter. It’s a modest city lot—fine for gardening or a small shed, but not oversized by any standard.
5. How does this compare to other entry-level homes in Winnipeg?
It’s on the smaller end, but with a higher-than-average assessed value for its street. That suggests you’re paying a bit of a premium for the location (Norwood West) rather than the house itself. For the same price, you could likely find more square footage in other parts of Winnipeg, but not in a neighbourhood with similar character or proximity to the river and downtown.
