Property Overview: 1087 Nairn Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in East Elmwood, built in 1955. With 769 square feet of living space, it is notably smaller than most homes in its immediate area and across Winnipeg, positioning it as a more affordable entry point. Its key features include a renovated basement and a detached garage. The lot size is fairly typical for the neighborhood at just over 4,200 square feet.
The primary appeal lies in its value and simplicity. It suits first-time homebuyers, downsizers, or investors seeking a manageable property with lower carrying costs. The renovated basement adds functional living space, which is a significant asset in a smaller home. A thoughtful perspective is that a home of this size and vintage often encourages efficient living and can have lower utility and maintenance expenses compared to larger, newer builds. Its assessed value is very modest compared to the Winnipeg city average, suggesting a potentially lower property tax burden.
Section 2: Frequently Asked Questions
1. How does the home's smaller size impact its value?
While the living area is below average, this is reflected in its assessed value, which is proportionally lower. This can make homeownership accessible, but it's important to ensure the layout meets your spatial needs.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or rooms. A professional inspection or asking the seller for details is recommended to understand if it's a finished living space, a rental suite, or contains updated utilities.
3. Is the detached garage a standard size?
The listing does not provide garage dimensions. Given the home's era and style, it likely accommodates one vehicle. Verifying its condition and size would be advisable.
4. How does the 2016 sale price compare to today's value?
The home sold for $20,300 in 2016. The current assessed value is $22,800. This historical data shows relative stability, but market conditions have changed significantly since 2016, so a current market appraisal would be necessary.
5. Are there any concerns with a home built in 1955?
Homes of this age can have older components like plumbing, electrical, or the roof. The renovated basement is a positive update, but a thorough home inspection is crucial to identify any needed repairs or updates to original parts of the structure.