Property Overview
126 Bristol Avenue is a 1910-built home in Winnipeg's Norwood East neighbourhood, presenting a distinct profile defined by its vintage, lot size, and value positioning. Its appeal is rooted in practicality and potential, rather than modern luxury.
Key Characteristics, Appeal & Ideal Buyer
This home's key characteristic is its generous 5,248 sqft lot, which is above average for Norwood East. This offers valuable outdoor space and future potential in a mature neighbourhood. The living area (884 sqft) is modest, typical of its era, and the assessed value of $207k is notably below average for the street, area, and city. This creates a clear value proposition: a lower entry price into the neighbourhood, coupled with a lot that provides a tangible asset.
Its appeal lies in its affordability and the opportunity it represents. For a buyer comfortable with a home from 1910, it offers a chance to secure a character property with a sizable yard at a accessible price point. It suits pragmatic first-time buyers, investors looking for a land-value play, or downsizers seeking a manageable footprint without sacrificing outdoor space. It’s a property for those who see foundation over finish, valuing the lot and location with the understanding that the century-old home may require updates.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring properties?
The significantly lower assessed value primarily reflects the home's age (1910), smaller living area, and likely its condition or modernization level compared to newer or renovated homes on the street. This is a key factor in its affordability.
2. What are the implications of buying a 116-year-old home?
While offering charm, a home of this age requires careful attention. Buyers should prioritize inspections for foundational integrity, plumbing, electrical systems (which may need updating), and energy efficiency. Budgeting for maintenance and potential renovations is essential.
3. How does the large lot size benefit me?
The above-average lot provides rare space for gardens, recreation, or storage in an established neighbourhood. It also represents long-term value, as land is a scarce commodity. Future possibilities like an addition or garage may be more feasible, subject to local zoning.
4. The data shows it last sold between 2016-2020. Can I find out the exact price?
Exact sold prices are not published on this site due to industry regulations. You can request the exact historical sale figures via email using the "Request exact figures by email" link provided, and the team will manually provide the information.
5. Is the below-average living area a major drawback?
It depends on your needs. The 884 sqft layout is efficient and manageable, potentially leading to lower utility costs. It may feel compact for a growing family but could be ideal for 1-2 people. The generous lot can offset this by providing expandable "living space" outdoors in warmer months.