Property score
57.7
Fair
Overall 57.7 · Older than most nearby homes
1,224 sqft (top 39%) · Built in 1904 (31 yrs older than avg)
Located in a average-income area with median household income of ~53.2k
Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 10 dining spots, 1 school, 7 healthcare facilitys, and 3 shops nearby
Living Area
Near average
5% larger than neighborhood avg.
Year Built
Below average
31 yrs older than neighborhood avg.
Mother tongue
English · 64%French · 16%
Past 10 years Norwood East sales snapshot (~80% of all data)
481
327k
$312/sqft
1935
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57.7 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: #46110554
$53K
Median household income
$64K
Average household income
19%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.3
P90 / P10 ratio
55%
Single-person households
10%
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
162 Horace Street — 31 amenities found within 500 m, across 9 categories, including 10 dining (nearest 156 m), 1 education (nearest 270 m), 7 healthcare (nearest 115 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 7% | Bottom 15% | Bottom 15% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 162 Horace Street, Norwood East, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a study in contrasts, offering a distinct opportunity in Winnipeg's Norwood East neighbourhood. Its key characteristic is a notably low assessed value of $240k, which sits well below average for the street, area, and city. This is paired with a living area of 1,224 sq ft that is typical for the immediate locale. The property is one of the oldest in its comparisons, built in 1904, and sits on a 4,156 sq ft lot that is standard for the area but smaller than the city average.
The appeal lies in its position as a potential value proposition. The significantly lower assessed value compared to neighbours could represent an entry point into a mature neighbourhood for a budget-conscious buyer, a renovation-minded individual looking for a "blank canvas" with character, or an investor seeking a rental property with a lower initial tax burden. It suits a pragmatic buyer who values location over move-in-ready condition and is prepared for the realities and potential costs of maintaining a century-old home. A less obvious perspective is that its age and value position it as a candidate for strategic upgrades, where invested improvements could potentially narrow the gap with neighbouring property values.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
While the exact reason isn't specified, a combination of the home's age (1904), its potentially original condition or outdated systems, and its smaller size relative to some city-wide averages typically contribute to a lower assessment compared to updated or newer homes on the same street.
2. What should I consider with a home built in 1904?
Prospective buyers should budget for and prioritize inspections of foundational structure, roofing, plumbing, electrical wiring, and insulation. While offering charm, homes of this age often require updates to meet modern efficiency and safety standards.
3. How does the last sold price (2016) relate to today’s value?
The home sold between $200k-$250k in 2016. This historical data provides a baseline, but current market conditions, any changes made to the property since then, and its assessed value of $240k are more relevant for understanding its present market position.
4. Is the lot size a limitation?
At 4,156 sq ft, the lot is quite standard for Norwood East. It provides adequate outdoor space for a garden or patio but may not accommodate large additions or pools. It's comfortably average for the neighbourhood context.
5. How can I get the exact historical sold prices?
The provided data shows approximate price bands. For fully verified and exact sale history figures, you must request a manual lookup from the site via email, as they do not display MLS-sourced sold records directly on the platform.
