Property Overview: 169 Horace Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This 942 sqft home, built in 1987, presents a practical and straightforward opportunity in the established Norwood East neighborhood. Its primary appeal lies in its relative affordability and manageable scale, with an assessed value of $202k sitting below area and city averages. The home is newer than many on its street, offering a potential advantage in maintenance needs compared to older surrounding properties.
It is best suited for first-time buyers, downsizers, or investors seeking an entry point into a mature neighborhood without a premium price tag. The size is efficient for a small household, and the below-average assessment could translate into correspondingly lower property taxes. A thoughtful perspective is that while the home ranks as "around average" in most metrics for its area, it represents a stable, middle-of-the-road option—a sensible choice for those prioritizing financial predictability over standout features or extensive renovation projects.
Frequently Asked Questions
1. How does this home's value compare to recent sales on the street?
Based on available data, the last recorded sale for this property was between August 2020, in the CA$150k-$200k range. Its current assessed value of $202k is below the street's average assessment of $230.4k, suggesting it may be positioned competitively.
2. Is the living space smaller than typical for the area?
At 942 sqft, the living area is very close to the neighborhood average (954 sqft) and is actually slightly above the average for Horace Street itself (967 sqft). It provides a fairly standard amount of space for this specific location.
3. What does the "year built" ranking tell me?
Built in 1987, this home is newer than most on its block, ranking in the top 24% on Horace Street. This can imply more modern construction standards and potentially fewer major system updates than required for much older, century homes common in Norwood East.
4. How can I verify the exact historical sale prices?
The provided sold price data is an estimate from public records. To obtain fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not display proprietary MLS transaction records.
5. What is the immediate neighborhood context?
The listing highlights a neighboring property at 164 Horace Street, built in 1907 with a much larger living area and higher assessed value. This contrast underscores the mix of home types and vintages on the street, with 169 Horace Street representing one of the more modern and modestly scaled options.