Property Summary: 715 Nairn Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in East Elmwood is a practical, no-fuss property built in 1954. Its key appeal lies in its balance of a renovated basement and a notably generous lot size for the area. With 968 sqft of living space, the house is modest in size but sits on a 4,374 sqft lot, which ranks well above average for Nairn Avenue. This combination suggests potential for outdoor living, gardening, or future expansion. The detached garage adds functional storage or workshop space.
The home’s assessed value positions it as an accessible entry point into the Winnipeg market, particularly for first-time buyers, downsizers, or practical investors. It suits someone looking for a solid, unpretentious home where the value is grounded more in the land and location than in square footage. A thoughtful perspective is that this property represents a "blank canvas" opportunity—the renovated basement offers modern utility, while the main floor and sizable yard provide room to personalize and grow without the premium price of a larger or fully updated house.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others in the area?
The land area of 4,374 sqft is significantly larger than the average lot on Nairn Avenue (3,736 sqft), placing it in the top 21% for the street. This is one of the property's standout features.
2. What is the significance of the sold price from October 2023?
The home sold for $28.50k in late 2023. This recent transaction provides a concrete market benchmark, indicating its price point was competitive, ranking in the top 10% of sales for the street at that time.
3. Is the living space considered small?
At 968 sqft, the living area is slightly below the average for East Elmwood (~1,065 sqft). It offers compact, efficient living suitable for individuals, couples, or small families, with the renovated basement providing additional flexible space.
4. What does the assessed value tell me?
The assessed value of $25.40k is around the average for both the street and the East Elmwood neighbourhood. It is, however, below the city-wide average, reflecting the home's more modest size and the area's market positioning.
5. Are homes from 1954 likely to need major updates?
Built in 1954, the home is of a typical vintage for the area. While the basement has been renovated, a prospective buyer should consider a thorough inspection to understand the condition of major systems (roof, wiring, plumbing) common to homes of this era.