Property Overview: 122 Traverse Avenue, Norwood East, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, century-old character home in the established Norwood East neighborhood. Its primary appeal lies in its location and relative affordability within a desirable area. At 704 sqft, the living space is notably smaller than area averages, positioning this property as a more accessible entry point into the market. The assessed value of $262k is below the neighborhood and city averages, offering a value proposition for those prioritizing location over size.
The home suits first-time buyers, downsizers, or investors seeking a lower-cost property in a central neighborhood. Its smaller scale means lower utility and maintenance costs, which is a practical, less obvious advantage. The lot size is typical for the street but smaller than the wider area, suggesting a manageable outdoor space. A thoughtful perspective for a buyer is to see this not just as a small house, but as a efficient footprint in a prime location, where the value is accrued more from the land and community than from the square footage of the structure itself.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 704 sqft, the living area is below the average for the street, neighborhood, and city. It ranks in the top 10-15% for compactness city-wide, indicating it is significantly smaller than most Winnipeg homes.
2. Is the assessed value in line with the area?
The assessed value of $262k is around average for Traverse Avenue but below the averages for both Norwood East and Winnipeg as a whole. This suggests the property is priced for its location but reflects its smaller size.
3. What is the historical sales context?
The property last sold between $200k-$250k in January 2020. This historical price falls within the top 75% of sales on its street and top 92% for the neighborhood at that time, indicating it has been a consistently lower-priced option in the area.
4. How old is the home, and what does that imply?
Built in 1921, the home is slightly older than the average on its street and neighborhood. Buyers should budget for the maintenance and potential updates typical of a century-old property, while also appreciating its character.
5. Where can I get verified sale price data for this property?
The site notes that exact sold prices require a manual lookup due to industry data rules. You can request the exact historical sale figures by emailing the site directly; they provide this service without using your email for marketing.