Property Overview: 111 Bristol Avenue, Norwood East
Section 1: Key Characteristics & Appeal
This home at 111 Bristol Avenue is a compact, century-old property that presents a clear value-oriented opportunity in Winnipeg's Norwood East neighborhood. Its key characteristic is its modest scale: at 849 sqft of living space on a 3,620 sqft lot, it is smaller than most comparable homes on its street, in the area, and across the city. Built in 1914, it is notably older than the average area home.
The appeal lies squarely in its affordability and potential. With an assessed value of $241,000—significantly below area averages—it offers a lower entry point into a mature neighborhood. This is a property for a pragmatic buyer, such as a first-time homeowner comfortable with a cozy footprint, an investor looking for a rental property, or a hands-on individual seeking a renovation project. Its recent sale history shows substantial appreciation between 2019 and 2022, suggesting it has been seen as a value-add opportunity before. It suits those who prioritize location and lot ownership over immediate space, viewing the home's smaller size and age not as drawbacks, but as the reason for its accessible price point.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $241k is a starting point for municipal taxation, not a market valuation. Given that it's consistently below area averages and the home sold for an estimated $250k-$300k in 2022, the market price is influenced by current conditions, buyer demand, and the home's specific condition.
2. How does the smaller living area and lot size impact livability?
The home's footprint is efficient, which can mean lower utility and maintenance costs. The smaller lot requires less yard work but also offers less private outdoor space. This layout often suits smaller households or those who prefer a low-maintenance property.
3. What should I consider with a home built in 1914?
A home of this age requires careful attention to the condition of major systems (like plumbing, electrical, and foundation) and updates that may have been made over the years. While it offers classic character, a thorough inspection is essential to understand any needed maintenance or modernization.
4. The data shows strong price appreciation between 2019 and 2022. Does that guarantee future growth?
Past performance does not guarantee future results. That appreciation likely reflects the broader market trend and possibly improvements made at that time. Future value will depend on market cycles, the condition of the property, and any updates made by the next owner.
5. How can I get the exact historical sold prices for this home?
The precise sale figures are not publicly displayed due to industry regulations. You can request the exact sold price history by emailing the site directly for a manual lookup, which they provide without using your email for marketing.