Property score
63.1
Fair
Overall 63.1 · Larger and newer than most nearby homes
1,564 sqft (top 13%) · Built in 1948 (13 yrs newer than avg)
Located in a average-income area with median household income of ~59.6k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 7 dining spots, 2 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Above average
35% larger than neighborhood avg.
Year Built
Above average
13 yrs newer than neighborhood avg.
Mother tongue
English · 61%French · 18%
Past 10 years Norwood East sales snapshot (~80% of all data)
481
327k
$312/sqft
1935
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63.1 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: #46110813
$60K
Median household income
$74K
Average household income
16%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
47%
Single-person households
12%
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
383 Horace Street — 16 amenities found within 500 m, across 9 categories, including 7 dining (nearest 56 m), 2 education (nearest 108 m), 1 healthcare (nearest 170 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 36% | Top 27% | Top 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 383 Horace Street, Norwood East, Winnipeg
Key Characteristics & Appeal
This home at 383 Horace Street presents a compelling mix of space, location, and value within Winnipeg's Norwood East neighborhood. Built in 1948, it is a notably newer construction compared to many homes on its street and in the immediate area, which may suggest updated infrastructure or fewer concerns associated with very early 20th-century builds. Its primary appeal lies in its above-average living space. At 1,564 sqft, it offers significantly more room than typical homes on Horace Street and in Norwood East, providing a spacious feel that is still manageable.
The assessed value of $335k is consistent with the local area average, indicating a fair market positioning without a premium for the larger square footage. This creates an opportunity for buyers seeking more interior space without a corresponding spike in property taxes typically tied to valuation. The lot size is standard for the neighborhood, offering typical outdoor space without extensive maintenance demands.
This property would suit a practical buyer—perhaps a growing family or a professional couple—who prioritizes interior space and a relatively newer vintage home in a mature, established neighborhood. It’s for someone who values the character of Norwood East but may prefer a home from the mid-century era over the much older stock that dominates the area.
Frequently Asked Questions
1. How does the sold price from 2022 relate to the current assessed value?
The home sold for between $300,000 and $350,000 in late 2022. The current assessed value of $335,000 falls squarely within that range, indicating a stable valuation that aligns with its recent market price.
2. Is the larger living area unusual for the neighborhood?
Yes. The home ranks in the top 18% on its street and top 13% in Norwood East for living area. You are getting more interior space than most comparable homes nearby, which is a key differentiator for this property.
3. What does the "newer" year built mean for a 1948 house?
While 1948 is not new, it is newer than the average home on Horace Street (avg. 1928) and in Norwood East (avg. 1935). This could imply updates to original systems or construction methods, but a thorough inspection is still essential for a home of this age.
4. How does the lot size compare?
At 4,285 sqft, the lot is very typical for the area. It is neither particularly large nor small compared to its immediate neighbors, offering a standard urban yard.
5. Where can I see verified sales history and exact past prices?
The provided sold price is an estimate from public data. For fully verified figures and exact transaction history, you must request a manual lookup from the site via email, as they do not display MLS sold records.
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