Property score
68.4
Good
Overall 68.4 · Smaller but newer than most nearby homes
1,106 sqft (bottom 24%) · Built in 1948 (11 yrs newer than avg)
Located in a high-income area with median household income of ~112k
Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 2 schools, 2 parks, and 1 place of worship nearby
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
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)
269
425k
$266/sqft
1937
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68.4 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
42 Balsam Place — 5 amenities found within 500 m, across 3 categories, including 2 education (nearest 173 m), 2 parks (nearest 170 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 | Top 33% | Top 17% | Top 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 42 Balsam Place, Norwood West, Winnipeg
Section 1: Key Characteristics & Appeal
This 1948 home in Norwood West presents a classic Winnipeg character property on a mature lot. With 1,106 sqft of living space, the house itself is more compact than many on its street and in the immediate area, suggesting a home with efficient, manageable proportions. Its assessed value of $432k is consistently around the average for its neighbourhood and citywide, indicating a stable, mid-market valuation. The lot size of 5,394 sqft is generous for the city overall but is actually the smallest on Balsam Place, offering lower maintenance than larger plots while still providing good outdoor space.
The appeal lies in its established location and its position as a potentially well-kept, original post-war home. It suits a specific buyer: someone seeking an entry point into a mature neighbourhood without the footprint or upkeep of a larger estate-style home. It would fit a first-time buyer, a downsizer looking to stay in the area, or an investor attracted by the consistent average values in Norwood West. A thoughtful perspective is that while the home ranks lower for size on its own street, this can mean a lower property tax burden and heating/cooling costs compared to neighbours, offering financial efficiency in a desirable location.
Section 2: Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold between $500k-$550k in December 2024, which is notably above its $432k assessed value. This is common, as assessed values for taxation purposes often lag behind current market sale prices.
2. Is the house smaller than others nearby?
Yes. The living area is below average for both Balsam Place and the wider Norwood West area. This means the value is likely driven more by its location, lot, and the character of the home itself rather than sheer interior size.
3. What does the lot size ranking mean?
While the lot is a good size by Winnipeg standards, it is the smallest among the 27 properties on Balsam Place. This suggests the street consists of very large lots, and this property offers a relatively more manageable yard.
4. How old is the home, and what might that imply?
Built in 1948, it is older than most on its street and in Norwood West. This typically indicates classic construction and charm but also means prospective buyers should budget for potential updates to major aging components like plumbing, electrical, or the roof.
5. Where can I find verified sale history and exact figures?
The site notes that exact sold prices require a manual lookup. You can request this information by email, as the public data shown is derived from non-MLS sources and is presented in broad price bands.
