Property score
48.4
Below average
Overall 48.4 · Smaller than most nearby homes
704 sqft (bottom 11%) · Built in 1921 (14 yrs older 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
Below average
14 yrs older 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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48.4 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
122 Traverse Avenue — 19 amenities found within 500 m, across 6 categories, including 4 dining (nearest 106 m), 3 education (nearest 274 m), 4 healthcare (nearest 101 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 | Bottom 25% | Bottom 8% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 122 Traverse Avenue, Norwood East, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, century-old character home in the established Norwood East neighborhood. Its primary appeal lies in its location and relative affordability within a desirable area. At 704 sqft, the living space is notably smaller than area averages, positioning this property as a more accessible entry point into the market. The assessed value of $262k is below the neighborhood and city averages, offering a value proposition for those prioritizing location over size.
The home suits first-time buyers, downsizers, or investors seeking a lower-cost property in a central neighborhood. Its smaller scale means lower utility and maintenance costs, which is a practical, less obvious advantage. The lot size is typical for the street but smaller than the wider area, suggesting a manageable outdoor space. A thoughtful perspective for a buyer is to see this not just as a small house, but as a efficient footprint in a prime location, where the value is accrued more from the land and community than from the square footage of the structure itself.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 704 sqft, the living area is below the average for the street, neighborhood, and city. It ranks in the top 10-15% for compactness city-wide, indicating it is significantly smaller than most Winnipeg homes.
2. Is the assessed value in line with the area?
The assessed value of $262k is around average for Traverse Avenue but below the averages for both Norwood East and Winnipeg as a whole. This suggests the property is priced for its location but reflects its smaller size.
3. What is the historical sales context?
The property last sold between $200k-$250k in January 2020. This historical price falls within the top 75% of sales on its street and top 92% for the neighborhood at that time, indicating it has been a consistently lower-priced option in the area.
4. How old is the home, and what does that imply?
Built in 1921, the home is slightly older than the average on its street and neighborhood. Buyers should budget for the maintenance and potential updates typical of a century-old property, while also appreciating its character.
5. Where can I get verified sale price data for this property?
The site notes that exact sold prices require a manual lookup due to industry data rules. You can request the exact historical sale figures by emailing the site directly; they provide this service without using your email for marketing.
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