Property score
89.8
Excellent
Overall 89.8 · Larger and newer than most nearby homes
2,211 sqft (top 6%) · Built in 2021 (84 yrs newer than avg)
Located in a high-income area with median household income of ~112k
Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 2 schools, 3 parks, and 1 place of worship nearby
Living Area
Above average
56% larger than neighborhood avg.
Year Built
Above average
84 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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89.8 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
43 Balsam Place — 6 amenities found within 500 m, across 3 categories, including 2 education (nearest 196 m), 3 parks (nearest 147 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 33% | Top 30% | Top 22% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 43 Balsam Place, Norwood West, Winnipeg
Key Characteristics & Appeal
This 2021-built home in Norwood West stands out for its modern construction and generous proportions in an established neighborhood. With 2,211 sqft of living space, it ranks in the top 6% city-wide for size, offering significantly more room than the typical Winnipeg home. Its assessed value of $672k reflects its premium positioning, placing it in the top 5% of the city and the top 4% of its immediate street and neighborhood. The appeal lies in acquiring a like-new property without the typical wait of a build, set on a standard, manageable lot within a mature community full of older character homes. It particularly suits buyers seeking modern layouts, energy efficiency, and low-maintenance living in a central location, but who may prioritize interior space over a large yard.
A less obvious perspective is its unique position on Balsam Place: it is the newest home on a street where the average house was built in 1951. This offers a blend of contemporary living within a classic streetscape. While the lot size is slightly below the neighborhood average, this often translates to less exterior upkeep. The home’s elite rankings in value, size, and age suggest it is a benchmark property in the area, likely appealing to professionals, empty-nesters seeking single-level living (if the layout supports it), or families looking for move-in-ready space.
Frequently Asked Questions
1. Why is the assessed value so much higher than the 2021 sale price?
The property was last sold during construction in 2021. The current assessed value reflects the substantial increase in market value for a now-complete, modern home in a desirable area, aligning with its elite ranking compared to neighboring properties.
2. How does the lot size impact the property?
At 5,493 sqft, the lot is consistent with many in the immediate area but is slightly below the broader neighborhood average. This typically means a smaller yard for maintenance, but also potentially more efficient outdoor space design. It’s a trade-off that prioritizes the substantial interior living area.
3. What does it mean that this home is newer than almost all others nearby?
As a 2021 build in a neighborhood of mostly mid-20th century homes, you benefit from modern building codes, materials, and likely better energy efficiency. However, it also means the architectural character will differ from the surrounding traditional homes.
4. Can I get the exact historical sale price?
The site provides a sold price range for context. Due to data licensing rules, exact sale figures are not published online here. You can request the precise transaction history via email, and it will be provided manually at no cost.
5. Who would this home not suit as well?
Buyers seeking a large, sprawling yard for extensive gardening or recreation may find the lot size limiting. Those specifically looking for the classic charm, renovation projects, or lower price points typical of older Norwood West homes might also look elsewhere.
