Property Overview: 169 Horace Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This 942 sqft home, built in 1987, presents a practical opportunity in Winnipeg's Norwood East neighbourhood. Its primary appeal lies in its efficient size and relative modernity compared to its immediate surroundings. The home ranks above average for both living area and year built on its own street, suggesting it is one of the more spacious and contemporary properties on Horace Street. With an assessed value of $183k, it sits at a more accessible entry point than many comparable homes in the city, which average over $256k. This creates a value proposition for a buyer seeking a home that requires less immediate updating than many older area properties, without the premium price tag of a new build.
The property would suit first-time homebuyers or downsizers looking for a manageable footprint in an established neighbourhood. Its metrics indicate it’s a solid, middle-of-the-road option that doesn’t stand out dramatically in the broader area but offers quiet advantages on its specific block. A thoughtful perspective is that this home might represent a "sweat equity lite" opportunity—it’s newer than many neighbours, so major system overhauls may be less imminent, allowing owners to focus on cosmetic updates.
Frequently Asked Questions
1. What was the exact sold price in October 2023?
The public data shows a sold price range of CA$150,000–$200,000. To obtain the exact sale figure, you must request a manual lookup via email from the site, as they do not display MLS records.
2. How does this home really compare to others on the street?
The data indicates it is newer (ranked 5th newest out of 21) and slightly larger than the street average. However, its assessed value is lower than the street average, which could suggest a different condition, style, or lot size than higher-valued neighbours.
3. Is the assessed value a reliable indicator of market value?
Assessed value is for municipal tax purposes and is a lagging indicator. The home’s assessed value is below area and city averages, but the final sale price is determined by the current market.
4. What does "around average" for the area mean?
For Norwood East, the home’s living area and assessed value are near the middle of the pack (ranking 49th and 50th out of 110 homes, respectively). It is neither exceptionally large nor small for the neighbourhood, and is priced similarly to many peers.
5. Why is there so much data comparing it to the street, area, and city?
This layered comparison shows context. A home can be above-average on its own block (as this one is for size and age) while being average in the wider neighbourhood, helping you understand its true local standing and broader market position.