Property Overview: 161 Traverse Avenue, Norwood East, Winnipeg
Key Characteristics & Appeal
This 1923-built home in Norwood East presents a practical, mid-century character home opportunity. At 1,102 sqft, its living space is consistently "around average" for its street, neighborhood, and the wider city, offering a comfortable footprint without excessive upkeep. Its standout metric is the assessed value of $335k, which ranks above average for Traverse Avenue, suggesting it is viewed favorably within its immediate context compared to peers. The home last sold in May 2023 within the $300k-$350k range.
The appeal here is one of efficient value and location. It suits a first-time homebuyer, downsizer, or pragmatic investor seeking an established neighborhood without a premium price tag. A less obvious perspective is the lot size: at 2,374 sqft, the land area is notably smaller than most comparable plots on the street and in Winnipeg. This translates to lower exterior maintenance—a potential benefit for those prioritizing a simpler yard—but limits expansion possibilities. The property offers a grounded entry into a mature community where the home itself holds its value well on the block, even on a compact lot.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value ($335k) ranks in the top 27% on its own street, indicating it is valued higher than most direct neighbors. It aligns more closely with the Norwood East average and is below the Winnipeg citywide average for comparable homes.
2. Is the lot size a concern?
The land area is significantly smaller than typical lots on the street and in the city. This means less yard maintenance and gardening, but also less private outdoor space and limited potential for large additions or pools. It’s a trade-off between convenience and space.
3. What can the 2023 sale price tell me?
The home sold for between $300,000 and $350,000 in May 2023. This recent transaction provides a solid benchmark for its market value at that time, showing it transacted close to its current assessed value.
4. How old is this home, and what does that imply?
Built in 1923, it is older than the average Winnipeg home. Buyers should anticipate the potential for updates and maintenance consistent with a century-old structure, while also appreciating the classic character and established streetscape that come with a home of this era.
5. Where can I get verified sale price history?
The displayed sale data is from public sources. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as MLS records are not published here.