Property Overview: 126 Traverse Avenue, Norwood East, Winnipeg
Section 1: Key Characteristics & Appeal
This 880 sqft home, built in 1921, presents a practical and affordable entry point into Winnipeg’s established Norwood East neighborhood. Its key appeal lies in its relative value and manageable scale. With an assessed value of $260k, it sits below area and city averages, offering a lower financial barrier for homeownership on a decent 3,263 sqft lot.
The property’s characteristics suggest it would best suit first-time buyers, downsizers, or practical investors seeking a straightforward asset. Its smaller living area is actually typical for its specific street, meaning it fits the local streetscape without feeling unusually small for the block. This isn’t a luxury property, but a grounded one. A thoughtful perspective is that a home of this vintage and size in a mature neighborhood often has simpler mechanical systems and less superfluous space, which can mean lower utility costs and less maintenance for a savvy owner. Its last known sale was between $250k-$300k in mid-2020, indicating a historically accessible price point.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 880 sqft, it is below the neighborhood and city averages. However, it ranks around average for Traverse Avenue itself, indicating the street consists of similarly scaled homes. It’s a compact layout suited for individuals, couples, or those comfortable with efficient living.
2. How does the assessed value compare?
At $260k, the assessment is below the Norwood East average ($329k) and significantly below the Winnipeg average ($390k). This typically translates to lower property taxes, which is a key ongoing cost advantage.
3. What does the lot size offer?
The 3,263 sqft lot is smaller than many in the city but provides standard outdoor space for the immediate area. It offers room for a garden, patio, or shed without the burden of extensive landscaping.
4. What can you tell me about the last sale?
Records indicate a sale occurred in July 2020, with a public price range of $250,000 to $300,000. For verified, exact historical sale figures, a manual lookup via the site’s email request service is needed.
5. Are homes from 1921 a concern?
The year built (1921) is typical for the core of Winnipeg. While this suggests potential for older infrastructure, it also indicates a well-built, character home in a settled area. A proper inspection is always recommended to understand the condition of the roof, wiring, plumbing, and foundation.