Property Overview: 1-193 Horace Street, Winnipeg

Key Characteristics & Appeal

This home at 1-193 Horace Street in Norwood East stands out for its modern foundation and generous space relative to its surroundings. Built in 2008, it is a notably newer construction compared to most homes on its street and in the wider area, which typically date back to the early 1990s or earlier. This suggests a property with likely fewer immediate maintenance concerns and modern building standards.

Its primary appeal lies in its size and established value. With 1,415 sqft of living area, it ranks in the top 5% of homes on Horace Street for space, offering significantly more room than the local average. This is complemented by a high assessed value of $344k, which also places it in the elite tier for its immediate neighborhood and street. Essentially, it represents a larger, more contemporary home that has been assessed at a premium within a community of older, often smaller properties.

This property would suit buyers looking for move-in-ready space in a mature neighborhood without the character-home renovations. It’s ideal for someone who values the established trees and community feel of Norwood East but prefers the practical advantages of a 21st-century build. It may also attract value-conscious investors or owners who appreciate a home that already holds a top-tier assessed value position locally, indicating a strong baseline for the area.

Frequently Asked Questions

1. How recent was the sale, and what was the price?
The property sold in October 2024. The public price data indicates a sold price range between CA$300,000 and CA$350,000. For the exact sale price, you can request the verified figures by email from the site.

2. What does its high assessed value relative to the area mean?
The $344k assessment is in the top 5% for both its street and the Norwood East area. This typically reflects the property’s larger size, newer construction, and likely condition or features compared to its neighbors. It sets a higher baseline for municipal taxes but also indicates a premium valuation within the local market.

3. Is the home part of a multi-unit building?
The address format and the listing of nearby properties (e.g., 2-193, 3-193 Horace Street at the same location) strongly suggest this is a unit within a condominium or townhouse complex, not a standalone single-family home.

4. How does the living area compare to the wider city?
At 1,415 sqft, the home’s living area is above the Winnipeg city-wide average for comparable properties. It ranks in the top 13% city-wide, meaning it offers more space than most similar homes across the entire city.

5. Where can I see more details about the neighborhood and comparable properties?
The listing suggests using the site’s “neighbourhood analysis page” to view the property on a map and compare details like year built, living area, and assessed value against nearby houses. You can also see a list of homes with similar assessed values in other neighborhoods.