Property Overview: 288 Traverse Avenue, Norwood East, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile defined by its generous interior space within a compact, historic footprint. Built in 1910, it offers 1,635 sqft of living area, which ranks in the top 10-12% for its immediate neighborhood and street. This suggests a well-utilized layout that feels more spacious than many area homes. With an assessed value of $340,000, it sits at a moderate point for Norwood East, offering a balance between size and price.
The appeal lies in this efficient use of space. It’s a character home that provides ample room without an overly large, high-maintenance lot, as the land area is notably smaller than area averages. This suits buyers seeking the charm and established neighborhood feel of Norwood East, but who prioritize interior square footage over extensive outdoor space. It would be a strong match for small families, couples, or downsizers looking for a manageable property with room to live, potentially offering a lower yard maintenance commitment than typical for the area. A thoughtful perspective is that its above-average living area on a below-average lot size creates a specific value proposition: you are investing more in the home itself than in the land it sits on.
Frequently Asked Questions
1. What does the sold price history indicate?
The property sold in April 2023 and previously in April 2016, both times within the $250,000–$300,000 range. This indicates a history of transactions below the current assessed value, which is common but worth noting. Exact sold prices can be requested from the site.
2. How does the age of the home (1910) affect it?
As one of the older homes on the street and in the city, it likely has classic character but also means potential considerations for maintenance, updates, and systems (like plumbing or electrical) that may have been modernized over time. A thorough inspection is advisable.
3. The lot size is listed as much smaller than average. What does this mean practically?
The 2,142 sqft lot is significantly smaller than most in Norwood East. This means a compact backyard, limited space for expansions like large additions or pools, and potentially closer proximity to neighboring houses. It also typically translates to less outdoor upkeep.
4. Is the assessed value a reliable indicator of market price?
The assessed value ($340k) is for municipal tax purposes and is often different from market value. It provides a benchmark, showing the home is priced moderately for the area. Market value is determined by current conditions, recent comparable sales, and the home's specific state.
5. Where can I see more context about the neighborhood?
The listing suggests using the site’s neighbourhood analysis page to view this property on a map alongside nearby homes, comparing details like year built, size, and value directly with its neighbors.