Property score
63.2
Fair
Overall 63.2 · Smaller but newer than most nearby homes
951 sqft (bottom 15%) · Built in 1949 (12 yrs newer than avg)
Located in a high-income area with median household income of ~112k
Transit 92.0 · 5-min walk to transit with 5 nearby routes · Within 500m: 2 dining spots, 2 schools, 4 parks, and 1 fuel station nearby
Living Area
Below average
33% smaller than neighborhood avg.
Year Built
Above average
12 yrs newer than neighborhood avg.
Mother tongue
English · 75%French · 16%
Past 10 years Norwood West sales snapshot (~80% of all data)
269
425k
$266/sqft
1937
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63.2 is composed by the two sections below.
Property Score
Community Score
Norwood West
How to read: Share of sales in each ~$50k price band for “norwood west” (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: #46110558
$112K
Median household income
$127K
Average household income
4%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
21%
Single-person households
30%
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
22 Cedar Place — 10 amenities found within 500 m, across 5 categories, including 2 dining (nearest 460 m), 2 education (nearest 208 m), 4 parks (nearest 313 m).
Norwood West · WPS public data · 2026
Annual incidents
6
2026
vs. city avg
-80%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Violent
50%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 14% | Bottom 35% | Top 47% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 22 Cedar Place, Norwood West
Section 1: Key Characteristics & Appeal
This 1949-built home in Norwood West presents a distinct value proposition centered on its land. With a living area of 951 sq ft, the house itself is notably compact, ranking below average in size for its street, neighborhood, and city. However, it sits on a generous 6,223 sq ft lot, which is the largest on Cedar Place (ranking 1 of 20) and well above average for the Norwood West area.
The primary appeal lies in this land-to-structure ratio. The assessed value of $406k is around the local average, suggesting you are paying predominantly for the location and the potential of the sizable lot, rather than for finished square footage. This makes the property a compelling canvas for a specific buyer.
It would best suit a practical buyer or investor with a vision for the land. This could be a homeowner planning a future expansion or rebuild, someone who values extensive outdoor space for gardens or recreation over a large interior, or an investor seeing long-term value in a sizable lot in an established neighborhood. It is less suited for those seeking a move-in-ready home with ample indoor space.
Section 2: Frequently Asked Questions
1. Is the house in livable condition, or is this a teardown?
The listing does not specify condition. Given its age and below-average size, a professional inspection is essential to determine if it’s a candidate for renovation, expansion, or eventual replacement.
2. Why is the assessed value average when the house is smaller than average?
The assessment reflects both the building and the land. The value is likely supported by the desirable lot size and location in Norwood West, offsetting the smaller living area.
3. What are the zoning regulations for this lot?
This is a critical question. The large lot may have potential for additions, a garage, or even subdivision, but this is entirely dependent on local zoning bylaws. This research should be a top priority.
4. How does the last sold price (2019, between $300k-$350k) relate to the current assessment?
The increase from the 2019 sale price to the current $406k assessment reflects market appreciation over five years. It indicates the property has grown in value, consistent with broader market trends.
5. Are the property taxes based on the $406k assessment?
Yes, municipal property taxes will be calculated using this assessed value. You can estimate the tax bill by applying Winnipeg’s current tax rate to this figure.
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