Property Overview: 151 Bristol Avenue, Norwood East, Winnipeg
Key Characteristics & Appeal
This 1944-built home in Norwood East presents a specific value proposition centered on its land and location. At 712 sqft, the living space is notably compact, ranking below average for the street, neighborhood, and city. This indicates a smaller, likely character home. The primary asset is the 5,963 sqft lot, which is significantly larger than most on Bristol Avenue and in Norwood East, offering above-average outdoor space and potential.
Its appeal lies in this land-to-structure ratio. The assessed value of $336k is above the street average, suggesting the lot size and location are key drivers of its worth. It suits buyers prioritizing yard space over interior square footage—such as those wanting a large garden, room for additions, or a detached workshop. It could also appeal to a minimalist buyer, a first-time investor looking for a land-value play in an established neighborhood, or someone seeking a lower-maintenance interior footprint without sacrificing outdoor privacy. The recent sale history shows steady value growth, moving from a lower price tier in 2017 to a higher one in 2022.
Frequently Asked Questions
1. Is the house too small for a family?
At 712 sqft, the living area is compact. It would suit a small family, a couple, or an individual comfortable with efficient use of space. Its practicality depends heavily on the layout and the value you place on the substantial yard as additional living/recreation space.
2. Why is the assessed value above average when the house is smaller?
The assessment reflects more than just living area. The key factors here are the larger-than-average lot size and the property’s location in Norwood East. In established neighborhoods, land value often constitutes a major portion of a property's worth.
3. What can the large lot be used for?
Beyond traditional gardening and recreation, the lot offers long-term potential. It could accommodate additions (subject to zoning and permits), a sizable detached garage, or be maintained as a generous private green space—a rarity for the area.
4. How does this property compare to others on the street?
It has a smaller house but a larger lot than most neighbors. Its assessed value is in the top third for the street, indicating it is considered a premium property on Bristol Avenue, primarily due to its land parcel.
5. Where can I get verified historical sale prices?
The displayed sold price ranges are based on public data. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as they do not have access to or display MLS sales records.