Property Overview: 156 Braemar Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 156 Braemar Avenue in Norwood East is a classic Winnipeg property built in 1941, offering a practical footprint of 1,124 sqft on a nearly 5,000 sqft lot. Its assessed value of $316k positions it as a competitively priced option within its established neighbourhood. The appeal here is one of balance and opportunity. While its living space is slightly below the average for Braemar Avenue itself, it is squarely average for the wider Norwood East area, suggesting it fits comfortably within the local fabric without a premium for size. The lot size offers a similar dynamic—ample for the area but not oversized.
This property would suit a first-time homebuyer or a downsizer looking for an entry into a mature, central neighbourhood without the premium of a newly renovated or larger home. It’s a straightforward canvas: the value lies in the location and the lot, with the home itself representing a solid foundation for living as-is or for making gradual, personal improvements. A thoughtful perspective is that its "average" metrics for the immediate area can be a strength, indicating a lower risk of over-improvement for the street and providing a realistic basis for future value growth.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, a home on Braemar Avenue sold in mid-2022 for between $300,000 and $350,000. The current assessed value of $316,000 for 156 Braemar aligns closely with that recent sale range.
2. Is the living space small for the neighbourhood?
At 1,124 sqft, it is somewhat below the average for Braemar Avenue (approx. 1,231 sqft) but is very close to the Norwood East area average (1,162 sqft). It provides a typically sized home for the broader community.
3. What does the year built (1941) mean for a buyer?
Built 85 years ago, this home is typical for its central Winnipeg neighbourhood. Buyers should anticipate the characteristics of a house of this era, which may include original features and the potential need for updates to mechanical systems like plumbing, wiring, or windows.
4. How does the lot size compare?
The 4,916 sqft lot is standard for Norwood East. It is slightly larger than the area average and provides a good outdoor space for a central neighbourhood, though it is smaller than the typical city-wide average.
5. How can I verify the exact historical sold prices?
The provided sold price data is based on public records, not the MLS. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site, which they will provide via email.