Property Overview: 116 Bristol Avenue, Winnipeg
Key Characteristics & Appeal
This home at 116 Bristol Avenue in Norwood East presents a compelling mix of space, location, and value. Built in 1945, it offers 1,147 sqft of living area, which is notably above average for its immediate street and competitive within the neighbourhood. A significant characteristic is the generous 5,537 sqft lot, providing ample outdoor space that ranks well above average for both the street and the area—a valuable asset for gardening, play, or future expansion.
The appeal lies in its balanced positioning. While the assessed value of $270k is below the wider city and area averages, the home offers more interior and land space than many direct comparables. This suggests a potential value opportunity for a buyer comfortable with a home of this vintage, where the investment is more in the land and foundational structure. It would suit a practical buyer looking for a character home in an established neighbourhood, who prioritizes lot size and living space over a modern assessment value, and is prepared for the maintenance or updates typical of an 80-year-old property.
Frequently Asked Questions
1. Why is the assessed value below area and city averages?
While the assessed value is below average, the home's living area and lot size are above average for its immediate location. This can sometimes indicate that the assessment reflects the home's age and condition rather than its potential or the full value of its land.
2. How does the lot size compare to nearby properties?
The lot is a key feature. At over 5,500 sqft, it is larger than most on Bristol Avenue and in Norwood East, offering more private outdoor space than many properties in this price range.
3. What should I consider about a home built in 1945?
Homes from this era often feature solid construction but will likely require updates to major systems like wiring, plumbing, and insulation to meet modern standards and efficiency. A thorough inspection is essential.
4. How reliable is the last sold price data from 2016?
The provided sold price range (CA$200k–250k) is based on public records. For exact figures and a fully verified transaction history, you must request a manual lookup from the site, as they do not have access to MLS sales data.
5. What does it mean that the living area ranks higher than the value?
This discrepancy often highlights a market where the land and square footage are strong assets, but the financial assessment may be tempered by the home's age or condition. It can represent an opportunity for buyers focused on space and location, with a plan to renovate over time.