Property Overview: 383 Horace Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This home at 383 Horace Street presents a compelling mix of space, location, and value within Winnipeg's Norwood East neighborhood. Built in 1948, it is a notably newer construction compared to many homes on its street and in the immediate area, which may suggest updated infrastructure or fewer concerns associated with very early 20th-century builds. Its primary appeal lies in its above-average living space. At 1,564 sqft, it offers significantly more room than typical homes on Horace Street and in Norwood East, providing a spacious feel that is still manageable.
The assessed value of $335k is consistent with the local area average, indicating a fair market positioning without a premium for the larger square footage. This creates an opportunity for buyers seeking more interior space without a corresponding spike in property taxes typically tied to valuation. The lot size is standard for the neighborhood, offering typical outdoor space without extensive maintenance demands.
This property would suit a practical buyer—perhaps a growing family or a professional couple—who prioritizes interior space and a relatively newer vintage home in a mature, established neighborhood. It’s for someone who values the character of Norwood East but may prefer a home from the mid-century era over the much older stock that dominates the area.
Frequently Asked Questions
1. How does the sold price from 2022 relate to the current assessed value?
The home sold for between $300,000 and $350,000 in late 2022. The current assessed value of $335,000 falls squarely within that range, indicating a stable valuation that aligns with its recent market price.
2. Is the larger living area unusual for the neighborhood?
Yes. The home ranks in the top 18% on its street and top 13% in Norwood East for living area. You are getting more interior space than most comparable homes nearby, which is a key differentiator for this property.
3. What does the "newer" year built mean for a 1948 house?
While 1948 is not new, it is newer than the average home on Horace Street (avg. 1928) and in Norwood East (avg. 1935). This could imply updates to original systems or construction methods, but a thorough inspection is still essential for a home of this age.
4. How does the lot size compare?
At 4,285 sqft, the lot is very typical for the area. It is neither particularly large nor small compared to its immediate neighbors, offering a standard urban yard.
5. Where can I see verified sales history and exact past prices?
The provided sold price is an estimate from public data. For fully verified figures and exact transaction history, you must request a manual lookup from the site via email, as they do not display MLS sold records.