Property Overview: 147 Braemar Avenue, Norwood East, Winnipeg
Key Characteristics & Appeal
This 1,399 sqft home, built in 1941, sits on a standard 4,921 sqft lot in the established Norwood East neighbourhood. Its primary appeal lies in offering more living space than most comparable homes in its immediate area and street, ranking in the top 24% on Braemar Avenue. This suggests a well-sized interior for a classic home. With an assessed value of $313,000, it presents a value-oriented entry point for the neighbourhood, assessed below the street average but aligning closely with the area average. The home’s age is typical for Norwood East, indicating a character property that likely requires a buyer comfortable with the maintenance and update potential of an older structure.
This property would suit a practical buyer looking for space and location over modern finishes. It’s ideal for someone seeking a home with solid square footage in a mature community, who is prepared to invest in gradual updates. A thoughtful perspective is that its lower assessed value relative to the street could indicate an opportunity for equity growth through improvements, making it attractive to hands-on buyers or investors. However, it also means immediate, high-value comparables on the same street are priced higher, which could reflect differences in condition or upgrades.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value of $313k is a municipal calculation for tax purposes and often differs from market value. It is below the average for Braemar Avenue but aligns with the Norwood East area average. A market appraisal or comparative market analysis would be needed to determine current listing or sale value.
2. What does the living area ranking mean for this home?
Ranking in the top 24% for living area on its street means this home, at 1,399 sqft, is larger than about 76% of similar homes on Braemar Avenue. This is a standout feature, offering more interior space than most direct neighbours.
3. The home was last sold in early 2019. What can that price tell me?
The previous sale price (shown in a range of $250k-$300k) provides historical context, but the market has likely changed since. This data point is useful for understanding past transaction activity but should not be relied upon as a current valuation.
4. Are there any concerns with a home built in 1941?
Homes of this age often have character but may require attention to aging components like plumbing, electrical, insulation, and the foundation. A thorough home inspection is essential to understand the condition and potential update costs.
5. How can I get the exact historical sold prices for this property?
The provided data is based on public records. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as this information is not sourced from the MLS.