Property Overview: 43 Braemar Avenue, Norwood East, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile centered on its desirable lot and location within a well-established neighbourhood. Built in 1945, it is one of the newer homes on its street. The primary feature is the 5,037 sqft lot, which is larger than most in the immediate area and offers significant potential for gardening, expansion, or outdoor living. With an assessed value of $366,000, it is priced above the local average for Norwood East, suggesting the market recognizes its premium lot and positioning.
The appeal here is nuanced. The living space (759 sqft) is notably compact, even for the neighbourhood, indicating a home that is likely efficient and manageable. This creates a clear value proposition: you are investing more in the land and location than in the size of the existing structure. It would perfectly suit a minimalist buyer, a first-time homeowner comfortable with a smaller footprint, or an investor looking for a property with redevelopment potential on a sizable lot. Its recent sale history (sold in 2023 and 2020) shows steady market activity, reflecting consistent demand for properties in this area.
Frequently Asked Questions
1. Why is the assessed value relatively high when the house is quite small?
The assessment reflects more than just living area. It strongly considers the property's above-average lot size for the street and its location within Norwood East, factors that carry significant weight in property valuation.
2. What does the "below average" ranking for living area mean for me?
It confirms the home is compact. This translates to lower utility costs and less maintenance, but requires thoughtful organization. It’s ideal for those seeking a simpler, more efficient living space without the upkeep of a larger home.
3. How does the 1945 build year compare?
Being built in 1945 makes it newer than many homes on the street and in Norwood East. This can be an advantage, potentially meaning updates to foundational building materials or systems have already been incorporated over the decades.
4. Is the sold price history shown the exact amount?
The site displays sold price ranges for general reference. To obtain the exact, verified sale figures for this property, you must request them directly via email from the site provider, as they do not publish MLS data.
5. What is the main takeaway from the lot size data?
The lot is a key asset. At over 5,000 sqft, it provides a generous outdoor space that is uncommon on the street. This extra land is a primary driver of the property's value and offers flexibility that smaller lots do not.