Property Overview: 120 Braemar Avenue, Norwood East, Winnipeg
Key Characteristics & Appeal
This 1,392 sqft home, built in 1941 on a 5,035 sqft lot, presents a compelling opportunity in the established Norwood East neighborhood. Its primary appeal lies in its strong positioning within its immediate context. The home's living area and assessed value are consistently above average for both its street and neighborhood, suggesting a property that stands out positively among its closest peers. With a recent sold price estimated between $350k-$400k, it appears to offer value, particularly when its assessed value of $384k ranks in the top 16% locally.
This property would suit a buyer looking for a character home in a mature community who values space and a solid foundation over a newer build. It’s ideal for someone who interprets its "around average" citywide rankings not as a drawback, but as an indicator of a reasonably sized, well-priced home in a desirable inner-city area. The data suggests a buyer confident in the intrinsic value of a specific street and neighborhood, rather than one seeking the newest or largest home city-wide.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
Very favorably. At 1,392 sqft, the living area is larger than approximately 75% of similar homes on Braemar Avenue and 78% of those in Norwood East.
2. Is the assessed value of $384k high for the area?
It is above the local average. This assessment ranks in the top 16% on the street and in the neighborhood, indicating the municipality views it as a higher-value property in its immediate context.
3. What should I know about the age of the home?
Built in 1941, the home is typical for the area—it’s actually slightly newer than the neighborhood average. Buyers should budget for maintenance and updates consistent with an 85-year-old structure.
4. The city-wide rankings seem average. Is that a concern?
Not necessarily. This reflects the diversity of housing stock across Winnipeg. This home excels in its own desirable, established neighborhood, which is often a more relevant comparison than the entire city, which includes many newer suburban developments.
5. How can I verify the exact recent sold price?
The site provides a sold price range. Due to data licensing rules, exact sold prices are not displayed publicly. You can request the precise figures via email from the site provider, who will manually look up and send the verified transaction history.