Property Overview: 169 Horace Street, Winnipeg
Key Characteristics & Appeal
This 942 sqft home, built in 1987, presents a practical opportunity in Winnipeg's Norwood East neighbourhood. Its core appeal lies in its position as a competitively sized and priced entry point into the market. The living area is notably above average for Horace Street itself, suggesting a relatively spacious layout compared to its immediate neighbours. With an assessed value of $181,000, it sits below the street average and is competitive within the broader city context, indicating a potentially accessible price point.
The property would suit first-time buyers or investors seeking a straightforward, lower-entry-cost home in an established area. A thoughtful perspective is that its newer construction date (relative to many area homes) may mean fewer immediate concerns with aging infrastructure common in century-old properties. However, the below-average assessed value for the street invites a closer look; it could represent value, or it may reflect factors like lot size, condition, or specific features not captured in the raw metrics.
Frequently Asked Questions
1. What does the assessed value tell me about the likely selling price?
The assessed value is for municipal tax purposes and is not a direct marker of market value. However, its position below the street average suggests this property could be priced more accessibly than many on the block, though the final sale price will be determined by current market conditions.
2. How does the size of this home compare practically?
At 942 sqft, it is slightly smaller than the city-wide average but is actually more spacious than most homes on Horace Street. This indicates an efficient use of space that is competitive in its immediate locale.
3. The home sold in June 2022. Why is that relevant?
The previous sale provides a historical price anchor (listed between CA$150k-200k). Understanding how market values have shifted in the neighbourhood since mid-2022 will be crucial in evaluating the current asking price.
4. Is the year built (1987) an advantage?
Potentially. Being newer than many homes in Norwood East could mean updates to major systems (like wiring or plumbing) have already been addressed, possibly reducing the need for major retrofits required in much older character homes.
5. How can I get the exact past sale price?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact figure by email through the provided form, and they will manually send you the information.