Property Overview: 143 Traverse Avenue, Norwood East
Key Characteristics & Appeal
This 1927 home in Norwood East is a compact, character property positioned as a practical entry point into the market. With 845 square feet of living space, it is notably smaller than average for both the neighbourhood and the city, suggesting a efficient, manageable layout. Its assessed value of $303,000 is consistently around the average for its immediate street and broader area, indicating a fair and stable valuation in line with local norms.
The primary appeal lies in its location and value proposition within a well-established community. It suits first-time buyers or downsizers seeking an affordable foothold in a central neighbourhood without a major renovation project, based on its recent sale history. A thoughtful perspective is its lot size: at 2,771 sqft, the land parcel is significantly smaller than most in Norwood East and across Winnipeg. This translates to lower maintenance but also limits expansion potential, making it best for those who prioritize a simpler yard. The home’s age (99 years) is older than most city-wide, but is typical for the historic Norwood area, appealing to those who appreciate older community charm while being prepared for the upkeep of a mature home.
Frequently Asked Questions
1. How does the home’s size impact its livability?
At 845 sqft, the living area is below the neighbourhood and city averages. This indicates a efficient, likely one- or two-bedroom layout best suited for individuals, couples, or small families who prioritize location over spaciousness.
2. Is the assessed value a good indicator of the market price?
The assessed value ($303k) is very close to the average on its own street and in Norwood East, suggesting it is priced consistently within its immediate market. Recent sold data shows it transacted within the $200k-$250k range, which is typical for the area.
3. What should I consider about the lot size?
The lot is 2,771 sqft, which is in the bottom 12% on its street and bottom 4% in Norwood East. This means minimal yard maintenance but also very limited potential for additions, decks, or extensive landscaping compared to neighbours.
4. What does the age of the home (1927) mean for a buyer?
Built 99 years ago, the home is older than 84% of properties city-wide but is average for the historic Norwood East area. Buyers should budget for maintenance consistent with a mature home and may appreciate classic architectural details, but should have thorough inspections for aging systems.
5. How can I get the exact past sale prices?
The site provides sold price ranges. To receive the exact historical sale figures, you must request them via email from the service, as they manually verify data that is not sourced from the MLS.