Property Overview: 145 Seine Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This is a compact, century-old home (built 1915) on a generous lot in the established Norwood East neighborhood. Its primary appeal lies in its land value and location, offering a lower-cost entry point into a mature area. At 700 sqft, the living space is notably smaller than most homes on its street and in Winnipeg overall, positioning it as a true starter home or a strategic land investment.
The property’s assessed value of $266k is below area and city averages, reflecting its modest size and age. However, its 5,245 sqft lot is larger than the neighborhood average, presenting a key opportunity. This combination suits specific buyers: first-time purchasers prioritizing location over space, investors eyeing future redevelopment potential, or downsizers seeking a manageable footprint with outdoor space. Its last known sale was between $200k-$250k in late 2021.
Frequently Asked Questions
1. Is this house a good value?
Value depends on your goals. For a move-in ready, spacious home, it may not compare favorably. As an affordable entry into the neighborhood with a lot that has future potential, it presents a different kind of value based on land.
2. What are the main drawbacks?
The living area is significantly below average, which may require creative use of space. As a 111-year-old home, maintenance and potential renovation costs should be carefully budgeted for, likely beyond modern standards.
3. Who would this property suit best?
It’s best suited for a pragmatic first-time buyer comfortable with a smaller footprint, an investor considering long-term land value, or someone seeking minimal indoor upkeep with a larger yard.
4. How does the lot size impact its potential?
The above-average lot size for Norwood East is its standout feature. This could allow for additions, garden suites (subject to zoning), or simply more outdoor space—a rarity for homes at this price point in the area.
5. How can I verify the exact past sale price?
The site provides sold price ranges for non-members. To obtain the exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.