Property Overview: 106 Horace Street, Norwood East, Winnipeg

Key Characteristics & Appeal

This home at 106 Horace Street presents a solid, average-sized offering in the established Norwood East neighborhood. Built in 1910, it is notably older than many homes in the area and citywide, suggesting classic character and potential for heritage features, but also indicating a greater likelihood of age-related maintenance considerations. With 1,149 sqft of living space and a 4,269 sqft lot, its size is consistently "around average" when compared to its immediate street, neighborhood, and the wider city. Its assessed value of $309k sits below the Winnipeg average, offering a relatively accessible price point for the area.

The appeal lies in its position as a pragmatic entry into a mature neighborhood. It suits buyers looking for a home with established roots, without the premium often attached to fully renovated character properties. It would be a practical fit for a first-time buyer comfortable with a project, an investor seeking a rental property in a stable area, or someone who values larger, older lots and neighborhood history over modern square footage. A thoughtful perspective is that its consistent "average" rankings across key metrics suggest a property that is neither over-improved nor under-improved for its context, potentially offering a balanced and straightforward valuation.

Frequently Asked Questions

1. How does this home’s age compare to others nearby?
At 116 years old (built in 1910), this home is older than most in its immediate area and significantly older than the average Winnipeg home. On its own street, it's in the older third of homes. This typically means classic construction and layout, but buyers should budget for potential updates to systems like wiring, plumbing, or windows.

2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $309k is a municipal tax valuation, not a market price. It is useful for comparing the home's tax burden relative to neighbors. The last known sale was between $300k-$350k in late 2019. For a current market value, a professional appraisal or comparative market analysis is necessary.

3. What do the "rankings" for living area and lot size mean?
The rankings show how this property compares to similar homes in three scopes: its street, the Norwood East neighborhood, and all of Winnipeg. For example, its living area is in the top 47% in Norwood East, meaning it's slightly above the neighborhood average. Its lot size is smaller than the city average but typical for the local area.

4. How can I find out the exact historical sale prices?
The site provides sold price ranges for transparency. Due to industry data rules, exact sale figures from the MLS are not displayed publicly here. You can request the full, verified transaction history by emailing the site directly for a manual lookup.

5. What is the immediate neighborhood of this property like?
The listing shows several other homes on the same block of Horace Street and nearby on Eugenie Street, indicating a dense, established residential streetscape typical of central Winnipeg neighborhoods. The close proximity of neighboring houses is characteristic of the area's older design.