Property score
51.6
Fair
Overall 51.6 · Smaller but newer than most nearby homes
704 sqft (bottom 11%) · Built in 1945 (10 yrs newer than avg)
Located in a high-income area with median household income of ~91k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 4 dining spots, 3 schools, 4 healthcare facilitys, and 2 shops nearby
Living Area
Below average
39% smaller than neighborhood avg.
Year Built
Above average
10 yrs newer than neighborhood avg.
Mother tongue
English · 67%French · 16%
Past 10 years Norwood East sales snapshot (~80% of all data)
481
327k
$312/sqft
1935
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51.6 is composed by the two sections below.
Property Score
Community Score
Norwood East
How to read: Share of sales in each ~$50k price band for “norwood east” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110542
$91K
Median household income
$104K
Average household income
5%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
30%
Single-person households
21%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
115 Traverse Avenue — 19 amenities found within 500 m, across 6 categories, including 4 dining (nearest 64 m), 3 education (nearest 302 m), 4 healthcare (nearest 87 m).
Norwood East · WPS public data · 2026
Annual incidents
11
2026
vs. city avg
-63%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Property
73%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 33% | Bottom 42% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 115 Traverse Avenue, Winnipeg
Key Characteristics & Appeal
This home at 115 Traverse Avenue in Norwood East presents a distinct profile centered on land value and location. Built in 1945, it is a notably newer construction compared to many homes on its street and in the immediate area. The primary feature is its generous 4,955 sqft lot, which is larger than most neighbouring properties, offering valuable outdoor space and potential in a mature neighbourhood.
The appeal here is pragmatic. With 704 sqft of living area, the house itself is compact—significantly smaller than area averages. This positions it as an efficient, lower-maintenance footprint on a desirable lot. The assessed value of $323k is consistently around the average for both the street and Norwood East, suggesting the price reflects this land-living space balance accurately. It last sold between $250k-$300k in late 2017.
This property would best suit a value-conscious buyer who prioritizes lot size over square footage. It’s a practical entry point into the neighbourhood, ideal for a minimalist, a first-time buyer comfortable with a cozy layout, or an investor looking for a property where the land asset is a strong component of the value. The smaller interior also implies lower utility and upkeep costs, a less obvious financial benefit.
Frequently Asked Questions
1. Is the house too small?
At 704 sqft, the living space is well below the neighbourhood average. It suits a single person, a couple, or someone seeking a minimalist lifestyle. The trade-off is the larger-than-average lot.
2. What does the assessed value tell me?
The $323k assessment is very close to the local average, indicating the property is priced consistently for Norwood East. The valuation likely reflects the balance between the smaller home and the valuable lot size.
3. How does the lot size compare?
The 4,955 sqft lot is a key asset. It's larger than most lots on Traverse Avenue and is on par with the Norwood East average, offering more private outdoor space than many nearby properties.
4. Is a 1945-built home a concern?
While 81 years old, this home is actually newer than many in the area. This could mean relatively updated systems or less legacy maintenance than older neighbouring houses, but a thorough inspection is always recommended.
5. Can I find out the exact past sale price?
The provided data shows a sale in late 2017 for between $250,000 and $300,000. For the precise sale figure, you must request a manual lookup from the site via email, as they do not display MLS sold records.
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