Property Overview: 50 Bramwell Avenue, Winnipeg
Key Characteristics & Appeal
This 833 sqft, one-storey home on a 5,030 sqft lot presents a specific and compelling value proposition. Built in 1971, it features a renovated basement and a detached garage. Its primary appeal lies in its strong positioning within its immediate neighborhood of Kildare-Redonda and, more notably, on Bramwell Avenue itself.
While the living space is modest compared to city-wide averages, the property excels in its local context. It boasts an elite assessed value ranking (top 3%) on its street and a very large lot size (top 6%) for the area, suggesting a premium parcel in a well-regarded micro-location. The home last sold in early 2022 in the $31.5k-$34.5k range, which aligns with its current above-average assessment for the neighborhood.
This property would suit a pragmatic buyer who values land size and established community character over sheer interior square footage. It’s ideal for a first-time homeowner, an investor, or a downsizer looking for a manageable footprint without sacrificing outdoor space. The renovated basement adds functional living area, making it a practical choice for those needing flexibility without a large, high-maintenance main floor.
Frequently Asked Questions
1. Is the house small?
Yes, at 833 sqft of living area, it is below the city-wide average. However, it is very close to the average size for homes on Bramwell Avenue itself, and the renovated basement provides additional usable space.
2. Why is the assessed value so high for the area?
The assessment reflects the property's strong standing on its specific street. It ranks #1 out of 32 homes on Bramwell Avenue for assessed value, indicating it is considered a premium property in that immediate setting, likely due to its lot size, condition, and recent updates.
3. What is the potential here for a buyer?
The combination of a large lot and a modest, renovated home offers two paths: enjoying a spacious yard in a settled area, or viewing the lot itself as a long-term asset with potential for expansion or redevelopment, subject to zoning.
4. How does the 2022 sale price relate to today’s value?
The home sold for an estimated $31.5k-$34.5k in early 2022. Its current assessed value of $35.6k is consistent with a market that has seen increases, and its top-tier ranking on the street suggests it has maintained or improved its relative value.
5. What are the less obvious considerations?
Consider the trade-off: you're acquiring a top-tier property for its specific street, but one with a smaller footprint than typical city homes. The appeal is highly location-centric. Also, as a one-storey home from the 1970s, while manageable, attention to era-specific maintenance (roof, windows, foundation) is always prudent.