151 Braemar Avenue

Property Summary: 151 Braemar Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home on Braemar Avenue in Norwood East presents a compelling blend of space, established neighbourhood character, and relative value. Its key strength is its generous living area of 1,515 sq ft, which ranks within the top 18% of homes on its street and the top 15% within the Norwood East area, offering more interior space than many comparable local properties. Built in 1941, it is typical for the well-established, tree-lined neighbourhood. With an assessed value of $337,000, it sits around the average for both the street and the wider area, but notably below the city-wide average for assessed value, suggesting a potential value proposition within its specific locale.

The appeal lies in this combination of above-average interior space on a standard-sized lot, within a mature community. It would suit a buyer looking for character in an established area, who prioritizes interior square footage over a newer build or a massive lot. A thoughtful perspective is that while the home is older, its "around average" ranking for year built on the street means it fits seamlessly into the neighbourhood's fabric, potentially simplifying renovations that adhere to local character. The data indicates you are paying primarily for the living space and location, not an inflated land value, which can be attractive for those focused on the home itself.

Section 2: Frequently Asked Questions

1. How does the sold price from 2019 relate to the current assessed value?
The home sold for between $300,000 and $350,000 in August 2019. The current assessed value of $337,000 falls within that range, indicating a stable valuation in line with its last sale price.

2. Is the living area unusually large for the area?
Yes. The data shows the home's living area is significantly above the average for both Braemar Avenue and the Norwood East neighbourhood, placing it in the top 15-18% of comparable homes locally.

3. What does the "below average" city-wide ranking for year built mean?
This simply reflects that the home, built in 1941, is older than the median Winnipeg home. This is typical for central, established neighbourhoods like Norwood East and is not unusual for the area, where it ranks around average.

4. How reliable is the sold price data shown?
The site notes this data is from public sources, not the MLS, and has had limited verification. For fully verified figures and a complete transaction history, you must request a manual lookup from the site via email.

5. The assessed value is below the city-wide average. Is that a concern?
Not necessarily. This often highlights a difference between neighbourhoods. It indicates that, compared to the average Winnipeg home, this property's assessed value is moderate. This can be a positive for buyers seeking space in a central neighbourhood without a premium tied to land size or newness.