Property Overview: 124 Braemar Avenue, Winnipeg
Key Characteristics & Appeal
This home at 124 Braemar Avenue in Norwood East presents a compelling mix of space, established value, and a mature neighbourhood setting. Built in 1941, it is a classic Winnipeg property that stands out in its immediate area for its above-average scale and a notably high assessed value.
The key appeal lies in its generous proportions. With 1,511 sqft of living space, it ranks within the top 20% of homes on its street and in Norwood East for size, offering more room than many comparable properties. This is complemented by a lot size of over 5,000 sqft, providing ample outdoor space. The most striking characteristic is its assessed value of $454,000, which places it in the elite top 5% on Braemar Avenue and the top 7% in the wider neighbourhood. This suggests a property that has been significantly upgraded, is on a premium lot, or possesses unique features that set it apart from its peers.
This property would suit a buyer looking for a well-established home in a mature community, who values space and sees the benefit in a home with a strong, above-average valuation footprint. It’s ideal for someone not wanting a starter home, but rather a residence that already stands out in its local market. A thoughtful perspective for potential buyers is to consider that its "older than average" status city-wide may mean a greater focus on maintenance or modernization, but this is balanced by its clear premium standing within its own desirable neighbourhood.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring homes?
The assessment of $454,000 is in the top 5% for the street, indicating this home likely has significant renovations, additions, or desirable features not reflected in the basic square footage and year-built data. It’s advisable to investigate recent upgrades or unique lot advantages.
2. What does the sold price history from 2016 tell us?
The home sold for between $350,000 and $400,000 in mid-2016. The jump to the current $454,000 assessment highlights a substantial increase in value over the past eight years, which could be due to market growth, major improvements, or a combination of both.
3. Is the living space efficiently configured for a home built in 1941?
While the total living area is generous, the layout may reflect older design patterns. Buyers should consider if the room flow and bedroom/bathroom count match modern needs, as square footage alone doesn’t guarantee a contemporary floor plan.
4. How does the lot size compare to typical Winnipeg properties?
At 5,038 sqft, the lot is above average for both the street and Norwood East, offering great outdoor potential. However, it is slightly below the city-wide average lot size, which is a useful perspective for buyers also considering newer suburban areas.
5. How can I verify the exact past sold prices?
The site provides sold price ranges based on public data. To obtain the exact historical sale figures, you must request a manual lookup via email, as this information is not sourced from the MLS system.