Property Overview: 108 Braemar Avenue, Norwood East, Winnipeg
Key Characteristics & Appeal
This 1,160 sqft bungalow, built in 1945, presents a solid opportunity in Winnipeg's Norwood East neighbourhood. Its primary appeal lies in its strong positioning within its immediate area rather than city-wide comparisons. The home sits on a larger-than-average lot (5,275 sqft) for both the street and neighbourhood, offering valuable outdoor space and potential. Its assessed value of $384k ranks consistently above average for Braemar Avenue and Norwood East, suggesting it is perceived as a premium property within its local context.
The home would suit a practical buyer who values established neighbourhoods and land size over sheer living space, which is about average for the area. It's a fit for someone looking for a character home with room to grow outdoors, possibly a gardener, or someone interested in future expansion. The sales history indicates steady value, with previous sales in 2019 and 2021 within the $350k-$400k range. A thoughtful perspective is that this property represents a "big fish in a small pond"—its metrics are most impressive when compared directly to its neighbours, offering a sense of relative prestige and space on the block that isn't as apparent in broader city comparisons.
Frequently Asked Questions
1. How does this home's value compare to recent sales on the street?
The home last sold in late 2021 for between $350,000 and $400,000. This sale price ranked in the top 17% for the street at that time, indicating it has historically commanded a premium compared to neighbouring properties.
2. Is the living space smaller than similar homes?
At 1,160 sqft, the living area is slightly below the current street average (1,231 sqft) but is very close to the average for the wider Norwood East area. It offers a fairly standard footprint for a bungalow in this specific neighbourhood.
3. What does the above-average assessed value indicate?
An assessed value that ranks highly locally often reflects a combination of lot size, property condition, and improvements relative to nearby homes. Here, the large lot is a significant contributing factor, suggesting the land itself holds considerable value.
4. Are there concerns with a home built in 1945?
While the age is above average for the city, it is actually newer than many homes on Braemar Avenue and in Norwood East. This suggests the immediate area is full of character homes of a similar vintage. A pre-purchase inspection is always recommended to understand the condition of major systems and any needed updates.
5. How can I get the exact historical sold prices?
The precise sale figures are not published publicly on the site due to data licensing. You can request the exact sold price history by email through the property page; the service provider will manually look up and send the verified figures directly to you.