162 Seine Street

Property Overview: 162 Seine Street, Winnipeg

Key Characteristics & Appeal

This home at 162 Seine Street in Norwood East presents a compelling mix of modern convenience and established neighborhood character. Built in 2005, it is a notably newer construction compared to most homes in the area, offering contemporary building standards and likely lower immediate maintenance needs. With 1,240 sqft of living space, it provides comfortable room for a small family, couple, or empty-nesters, fitting squarely within the average range for Winnipeg.

The primary appeal lies in its strong value position within the desirable Norwood East neighborhood. Its assessed value of $444k ranks within the top 8% of the area, suggesting a premium property for the locale, yet it sits at a more moderate level compared to its own street. This indicates you are investing in a home that stands out in the broader community without being the most expensive on the block. The trade-off is a smaller land area (2,740 sqft), which means less yard space but also less upkeep—a practical fit for those seeking a low-maintenance property without sacrificing interior modernity.

This property would best suit buyers looking for a turn-key, newer home in a mature neighborhood. It’s ideal for those who prioritize a modern interior layout and systems over a large garden, and for investors or owners who appreciate a home that holds above-average assessed value in its community, potentially signaling stronger long-term equity.

Frequently Asked Questions

1. How does the home’s value compare to recent sales?
The property last sold between $400k-$450k in late 2020. Its current assessed value of $444k is above the neighborhood average, placing it in the top tier for Norwood East, suggesting appreciation.

2. Is the lot size a significant drawback?
The land area is smaller than most in the city and neighborhood. This means less private outdoor space but also reduces gardening and yard maintenance. It aligns with a more lock-and-leave or low-maintenance lifestyle.

3. Why is the assessed value so high relative to the street average?
The assessed value ranks higher in the wider area than on its own street. This is likely due to the home’s newer age (2005) compared to the neighborhood’s older average (1935), giving it a modern premium among a stock of mostly heritage-era homes.

4. What is the neighborhood context?
Norwood East is an established, central Winnipeg community. The home is newer than 95% of area properties, offering modern comforts within a traditional streetscape. Nearby properties are a mix of eras and sizes.

5. How can I verify the exact historical sale price?
The public data shows a sold price range. For fully verified and exact sale figures from official sources, you must request a manual lookup from the site, which they provide via email due to industry data restrictions.