34 Larchwood Place

Norwood West, Winnipeg

Property score

68.4

Good

Overall 68.4 · Newer than most nearby homes

1,167 sqft (bottom 31%) · Built in 1948 (11 yrs newer than avg)

Located in a high-income area with median household income of ~112k

Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 3 schools, 4 parks, 1 sports facility, and 1 place of worship nearby

Living Area

Below average

18% smaller than neighborhood avg.

Taon ng Paggawa

Above average

11 yrs newer than neighborhood avg.

Mother tongue

English · 75%French · 16%

Past 10 years Norwood West sales snapshot (~80% of all data)

Sold Count

269

Median price

425k

$/sqft

$266/sqft

Avg build year

1937

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Property score

68.4 is composed by the two sections below.

Property Score

53.7Fair
Living Area60
1,167 sqftFair
Taon ng Paggawa30
1948Low
Lupa67
5,385 sqftGood
Neighbourhood Sales Activity32
Low

Community Score

90.5Excellent
Household Income89
Excellent
Education Level100
Excellent
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health60
Fair

Istatistika ng benta ng komunidad

Norwood West

How to read: Share of sales in each ~$50k price band for “norwood west” (Detached na bahay (hindi condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110558

Community deep dive

$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

Population, labour & age

Population (2021)545
Labour force participation rate64%
Median age48.0
Avg household size2.4
Unemployment rate10%
Population density2270 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households21%
Couple families with children30%
Median household income (2020)$112K

Housing

Renter households4%
Condominium dwellings0%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)7%
Visible minority2%
Bachelor's or higher (25–64)63%
Mother tongue (1st)English · 75%
Mother tongue (2nd)French · 15%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Mga ranggo

Living Area

karaniwan
1,167 sqft
0255075100
Same streetBottom 29%Same areaBottom 31%CitywideBottom 47%
Same street · Larchwood Place
#15 / 21
Bottom 29% · Avg 1,417 sqft
Same area · Norwood West
#689 / 992
Bottom 31% · Avg 1,420 sqft
Citywide · Winnipeg
#103,755 / 194,458
Bottom 47% · Avg 1,342 sqft

Assessed Value

lampas sa average
455k
0255075100
Same streetTop 38%Same areaTop 30%CitywideTop 28%
Same street · Larchwood Place
#8 / 21
Top 38% · Avg 448.4k
Same area · Norwood West
#302 / 992
Top 30% · Avg 426.1k
Citywide · Winnipeg
#53,483 / 194,458
Top 28% · Avg 390.1k

Taon ng Paggawa

lampas sa average
1948
0255075100
Same streetTop 10%Same areaTop 12%CitywideBottom 26%

Lupa

karaniwan
5,385 sqft
0255075100
Same streetBottom 38%Same areaBottom 25%CitywideTop 46%

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.

Transit & Walkability

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

34 Larchwood Place — 9 amenities found within 500 m, across 4 categories, including 3 education (nearest 139 m), 4 parks (nearest 180 m).

Search radius
🏫Education3
🌳Parks4
💪Sports1
Worship1

Crime & Safety

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%

Kasaysayan ng Benta

Naibenta 7/2023CA$500k–550k
Presyo ng benta

Parehong kalye

Top 17%

Parehong lugar

Top 17%

Buong lungsod

Top 14%
Naibenta 1/2017CA$300k–350k
Presyo ng benta

Parehong kalye

Bottom 1%

Parehong lugar

Bottom 31%

Buong lungsod

Bottom 49%

Related homes

Mga tampok at karaniwang tanong: 34 Larchwood Place, Winnipeg

Property Overview: 34 Larchwood Place, Norwood West, Winnipeg

Key Characteristics & Appeal

This 1,167 sqft bungalow, built in 1948, sits on a 5,385 sqft lot in the established Norwood West neighborhood. The data presents a home with a balanced, grounded profile. Its assessed value of $455k is consistently above average for both the wider city and the local area, suggesting a perception of solid value relative to its peers. Interestingly, while the living space is modest compared to others on its street, it is quite typical for Winnipeg overall. The lot size follows a similar pattern—slightly smaller than many in Norwood West but average citywide.

The appeal lies in this balance. It’s a home that offers the charm and mature setting of one of Winnipeg’s older neighborhoods, without an extreme premium on lot or living space. Its 1948 build date is notably older than the city average, which may attract buyers who appreciate classic character and construction, but it also implies a need for diligent maintenance and potential updates. This property would suit a practical buyer—perhaps a small family, couple, or downsizer—who values location and a established community over sheer square footage. It’s for someone comfortable with a home that has a history and sees the above-average assessed value as a marker of stable investment in a desirable area, rather than a fixer-upper bargain.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value of $455k is for municipal tax purposes and is a historical snapshot. It can be a useful benchmark, but the market sale price is determined by current conditions. The home last sold in July 2023 for an estimated $500k-$550k, which provides a more recent market reference point.

2. The living area seems smaller than neighbors'. Is the home significantly different?
At 1,167 sqft, it is below the average for Larchwood Place (1,417 sqft). This could indicate a more compact layout, fewer additions, or a different original floor plan. It’s advisable to review the interior layout carefully to ensure it meets your spatial needs.

3. What should I consider with a home built in 1948?
Homes of this vintage often feature solid construction and classic design. However, prospective buyers should pay special attention to the age and condition of major systems (like plumbing, electrical, and heating), the presence of insulation, and the potential for materials like original single-pane windows or older roofing. A thorough inspection is essential.

4. The lot is noted as "below average" for the area. Is that a major concern?
At 5,385 sqft, the lot is smaller than the Norwood West average but is still a generous city lot by modern standards. It offers ample outdoor space for gardening, recreation, or additions, but may have slightly less privacy or yard space than some immediate neighbors.

5. How can I get the exact historical sale prices?
The site provides sold price ranges for transparency. Due to industry regulations, exact MLS sale figures are not published here. You can request the exact sold price history by email through the site’s provided form, and the information will be sent to you manually.