Property Overview: 322 Nightingale Road, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in the Booth neighbourhood presents a solid opportunity. Its key characteristic is a generous, nearly 6,000 sqft lot, placing it in the top 11% for size on its street, offering ample outdoor space uncommon in many urban settings. The home itself is a manageable 1,304 sqft bungalow, and a significant feature is its renovated basement, adding valuable finished living space. It last sold in June 2023 for $44,100, a figure notably higher than its current assessed value, suggesting recent market activity and potential.
The appeal lies in its balance of space and practicality. The large yard is a standout for gardeners, families, or anyone seeking room to breathe and expand. The renovated basement immediately adds functional square footage for recreation, a home office, or extra bedrooms. This property would suit first-time buyers looking for a home with immediate livability and outdoor space, or practical investors seeking a character home with a large lot in an established neighbourhood. It’s a grounded choice for those who value usable land over a showy facade.
Section 2: Frequently Asked Questions
1. What does the sold price from 2023 indicate?
The home sold for approximately $6,000 above its current assessed value just last year. This recent transaction provides a concrete, modern benchmark for its market worth, which can be more relevant than the assessment for understanding current value.
2. How does the lot size compare practically?
At 5,974 sqft, the lot is significantly larger than many in the area. This isn’t just a statistic; it translates to real potential for adding a garage, a large garden, a play structure, or future expansions where zoning allows.
3. Is the neighbourhood trending?
The data shows that for the specific street, this home ranks in the top 25% for newer construction (top 75% rank), meaning most houses on the street are older. This can indicate a mature, stable area. Its high rank for the recent sale price on the street (top 12%) also suggests it is in a desirable pocket.
4. What are the ongoing costs likely based on?
Property taxes will be based on the assessed value ($38,100), which is relatively low for Winnipeg. This can mean lower annual carrying costs compared to homes with a higher assessment but similar market price.
5. What’s the significance of the renovated basement?
In a 1965 bungalow, a renovated basement effectively doubles the usable living area, addressing a common limitation of older one-storey homes. It’s crucial to understand the scope, quality, and permits of this renovation, as it’s a major value-add.