Property score
72.4
Good
Overall 72.4 · Newer than most nearby homes
1,375 sqft (top 47%) · Built in 1950 (13 yrs newer than avg)
Located in a high-income area with median household income of ~112k
Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 2 schools, 2 parks, and 1 place of worship nearby
Living Area
Near average
3% smaller than neighborhood avg.
Year Built
Above average
13 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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72.4 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
58 Balsam Place — 5 amenities found within 500 m, across 3 categories, including 2 education (nearest 118 m), 2 parks (nearest 226 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 17% | Top 44% | Top 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 58 Balsam Place, Norwood West, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 58 Balsam Place is a classic post-war bungalow, built in 1950, situated on a generous 5,495 sqft lot in the established Norwood West neighborhood. With 1,375 sqft of living space and a city-assessed value of $410k, it presents as a solid, middle-of-the-market property. Its appeal lies in its balance and context. While its size and value are average compared to the broader city and local area, it stands out on its own street for having a newer build year (ranking in the top 7%) and an above-average lot size (top 26%). This suggests a home that may have seen updates over time and offers more outdoor space than many of its immediate neighbors.
The property would suit a practical buyer looking for a character home in a mature neighborhood without the premium price tag of a fully renovated or newer build. It’s a candidate for someone comfortable with a home of this era, possibly seeking a balance of indoor space and a sizable yard for gardening or family use. The recent sale in mid-2023 (for an estimated $400k-$450k) indicates it’s a turn-key property, likely appealing to first-time buyers, downsizers, or investors seeking a stable rental in a central location.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
Compared to other homes on Balsam Place, this property is newer than most (built in 1950 vs. a street average of 1951) and sits on a larger-than-average lot. Its living area and assessed value are very close to the street's typical figures.
2. Is the assessed value a reliable indicator of the market price?
The $410k assessed value is for municipal tax purposes. The home sold for an estimated $400k-$450k in July 2023, which aligns closely with this assessment and the average values for Norwood West, suggesting it is a reasonable benchmark.
3. What does the "Elite" ranking for year built in Norwood West mean?
This indicates that, within the Norwood West area, this home is among the newest 5% of comparable properties. The neighborhood has many older homes, so a 1950 build date is relatively recent in that specific context.
4. How can I find out the exact sold price from 2023?
The exact sold price is not publicly displayed due to industry rules. You can request the full transaction history and exact figure by emailing the site via the "Request exact figures by email" button, and they will provide it manually.
5. What are the implications of a 76-year-old home?
A home from 1950 will have the character and solid construction of its era but may also have aging components like the roof, plumbing, or electrical systems. Its "newer" status relative to the neighborhood is positive, but a thorough inspection is always recommended to understand the condition and any potential update needs.
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