Property Overview: 270 Horace Street, Winnipeg
Key Characteristics & Appeal
This home on Horace Street in Norwood East presents a compelling blend of space and value. Its primary appeal lies in its generous living area of 1,536 sq ft, which ranks well above average for both the immediate street and the broader neighbourhood. This suggests a home that offers more interior room than many in the area, a significant plus for growing families or those who value spaciousness.
The assessed value of $282k sits around the average for Norwood East, indicating the home is priced accessibly within its desirable local market, especially when considering the larger-than-average square footage. Built in 1911, the property is a character home, typical for the street but older than many in the city. The lot size is standard for the neighbourhood, offering adequate outdoor space.
This property would suit a buyer looking for the established charm and mature streetscapes of Norwood East, who prioritizes interior space and perceives value in a home that offers more room than its peers at a competitive price point. It’s a practical choice for someone comfortable with the maintenance considerations of an older home in exchange for its character and location.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold between $350k and $400k in August 2024. This final sale price was significantly higher than its $282k assessed value, which is common as assessed values for taxation often lag behind market prices, especially in active neighbourhoods.
2. What does the "above average" living area ranking practically mean?
It means this home has more interior space than approximately 80% of similar homes on Horace Street and 86% in Norwood East. You are getting a notably larger home compared to most in the immediate area.
3. As a 1911 home, what should I be mindful of?
While the age is typical for the street, prospective buyers should budget for and investigate updates to major systems like plumbing, electrical, and the roof. A thorough pre-purchase inspection is essential to understand the condition and any needed investments.
4. Is the lot size a limitation?
At just over 4,000 sq ft, the lot is standard for Norwood East. It provides adequate backyard space for gardening or recreation but is not an exceptionally large urban lot. It’s below the city-wide average, which is something to note if extensive outdoor space is a priority.
5. Where can I get verified sale history and exact figures?
The site notes that exact sold prices require a manual lookup due to industry data rules. You can request this information directly by email through the property page to receive verified, precise transaction history.