Property Overview: 115 Traverse Avenue, Winnipeg
Key Characteristics & Appeal
This home at 115 Traverse Avenue in Norwood East presents a distinct profile centered on land value and location. Built in 1945, it is a notably newer construction compared to many homes on its street and in the immediate area. The primary feature is its generous 4,955 sqft lot, which is larger than most neighbouring properties, offering valuable outdoor space and potential in a mature neighbourhood.
The appeal here is pragmatic. With 704 sqft of living area, the house itself is compact—significantly smaller than area averages. This positions it as an efficient, lower-maintenance footprint on a desirable lot. The assessed value of $323k is consistently around the average for both the street and Norwood East, suggesting the price reflects this land-living space balance accurately. It last sold between $250k-$300k in late 2017.
This property would best suit a value-conscious buyer who prioritizes lot size over square footage. It’s a practical entry point into the neighbourhood, ideal for a minimalist, a first-time buyer comfortable with a cozy layout, or an investor looking for a property where the land asset is a strong component of the value. The smaller interior also implies lower utility and upkeep costs, a less obvious financial benefit.
Frequently Asked Questions
1. Is the house too small?
At 704 sqft, the living space is well below the neighbourhood average. It suits a single person, a couple, or someone seeking a minimalist lifestyle. The trade-off is the larger-than-average lot.
2. What does the assessed value tell me?
The $323k assessment is very close to the local average, indicating the property is priced consistently for Norwood East. The valuation likely reflects the balance between the smaller home and the valuable lot size.
3. How does the lot size compare?
The 4,955 sqft lot is a key asset. It's larger than most lots on Traverse Avenue and is on par with the Norwood East average, offering more private outdoor space than many nearby properties.
4. Is a 1945-built home a concern?
While 81 years old, this home is actually newer than many in the area. This could mean relatively updated systems or less legacy maintenance than older neighbouring houses, but a thorough inspection is always recommended.
5. Can I find out the exact past sale price?
The provided data shows a sale in late 2017 for between $250,000 and $300,000. For the precise sale figure, you must request a manual lookup from the site via email, as they do not display MLS sold records.