Property Overview: 103 Bristol Avenue, Norwood East

Key Characteristics & Appeal

This home at 103 Bristol Avenue is a classic 1945-built bungalow in Winnipeg's Norwood East neighbourhood. Its key characteristic is a clear value proposition centered on land and location, rather than interior size. At 700 sqft, the living area is notably compact, ranking in the bottom 20% for the street and city. However, it sits on a generous 5,298 sqft lot that is above average for the immediate area, offering significant outdoor space or future potential relative to nearby homes.

The appeal lies in its efficient scale and established setting. With an assessed value of $280k, it presents a more accessible entry point into a mature neighbourhood, especially when compared to the city-wide average assessed value of approximately $390k. The home last sold between $250k-$300k in late 2022. Its older vintage is typical for the tree-lined street, and it may suit buyers who prioritize lot size over square footage, such as first-time homeowners comfortable with a cozy layout, downsizers, or value-focused investors. It’s a property where the value is fundamentally in the land and the established community, offering a chance to own a character home with room to breathe outdoors.

Frequently Asked Questions

1. Is the 700 sqft living area practical for modern living?
While compact, the layout is typical of efficient post-war bungalows. It would suit a couple, a single occupant, or a small family comfortable with creative space use. The significant lot size provides valuable outdoor living space to compensate.

2. How does the assessed value compare to likely market value?
The $280k assessment is below area and city averages, which often indicates a more affordable tax base. However, market value is driven by recent sales, condition, and demand. The home's last known sale price (2022) fell within the $250k-$300k range, which aligns closely with its current assessment.

3. What does the above-average lot size mean for me?
The 5,298 sqft lot is larger than many in Norwood East. This offers more privacy, garden space, and parking potential than neighbouring properties. It also represents a higher portion of the property's overall value, which can be attractive for future expansion or redevelopment, subject to zoning.

4. Are older homes like this expensive to maintain?
A home from 1945 will likely require diligent upkeep and potentially updates to major systems like plumbing, wiring, or the roof. A thorough inspection is essential to budget for any necessary repairs or modernizations.

5. How can I find out the exact past sale price?
The provided data shows a sold price range. Due to industry regulations, exact sale figures are not published online here. You can request the precise transaction history by emailing the site directly for a manual lookup, which they provide as a free service.