Property Overview: 43 Balsam Place, Norwood West, Winnipeg
Key Characteristics & Appeal
This 2021-built home in Norwood West stands out for its modern construction and generous proportions in an established neighborhood. With 2,211 sqft of living space, it ranks in the top 6% city-wide for size, offering significantly more room than the typical Winnipeg home. Its assessed value of $672k reflects its premium positioning, placing it in the top 5% of the city and the top 4% of its immediate street and neighborhood. The appeal lies in acquiring a like-new property without the typical wait of a build, set on a standard, manageable lot within a mature community full of older character homes. It particularly suits buyers seeking modern layouts, energy efficiency, and low-maintenance living in a central location, but who may prioritize interior space over a large yard.
A less obvious perspective is its unique position on Balsam Place: it is the newest home on a street where the average house was built in 1951. This offers a blend of contemporary living within a classic streetscape. While the lot size is slightly below the neighborhood average, this often translates to less exterior upkeep. The home’s elite rankings in value, size, and age suggest it is a benchmark property in the area, likely appealing to professionals, empty-nesters seeking single-level living (if the layout supports it), or families looking for move-in-ready space.
Frequently Asked Questions
1. Why is the assessed value so much higher than the 2021 sale price?
The property was last sold during construction in 2021. The current assessed value reflects the substantial increase in market value for a now-complete, modern home in a desirable area, aligning with its elite ranking compared to neighboring properties.
2. How does the lot size impact the property?
At 5,493 sqft, the lot is consistent with many in the immediate area but is slightly below the broader neighborhood average. This typically means a smaller yard for maintenance, but also potentially more efficient outdoor space design. It’s a trade-off that prioritizes the substantial interior living area.
3. What does it mean that this home is newer than almost all others nearby?
As a 2021 build in a neighborhood of mostly mid-20th century homes, you benefit from modern building codes, materials, and likely better energy efficiency. However, it also means the architectural character will differ from the surrounding traditional homes.
4. Can I get the exact historical sale price?
The site provides a sold price range for context. Due to data licensing rules, exact sale figures are not published online here. You can request the precise transaction history via email, and it will be provided manually at no cost.
5. Who would this home not suit as well?
Buyers seeking a large, sprawling yard for extensive gardening or recreation may find the lot size limiting. Those specifically looking for the classic charm, renovation projects, or lower price points typical of older Norwood West homes might also look elsewhere.