Property Overview: 769 Nairn Avenue, East Elmwood, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1913, presents a classic Winnipeg character property with practical potential. Its key appeal lies in its above-average living space (1,200 sq ft) for both the immediate street and the broader East Elmwood neighbourhood, offering more room than many comparable homes. The property sits on a standard city lot and features a full, unrenovated basement, providing a blank canvas for storage, development, or utility needs.
The home’s primary draw is its value proposition. With a recent sale price and a relatively low assessed value, it represents an accessible entry point into homeownership. It would suit a first-time buyer, an investor, or a hands-on purchaser looking for a solid foundation to gradually renovate and personalize. Its older vintage means charm and potential heritage details, but also suggests that systems and maintenance should be carefully evaluated. A thoughtful perspective is that while the home ranks below average in assessed value city-wide, its above-average size within its local context means you are acquiring more square footage per dollar in this specific area—a practical efficiency for the right buyer.
Section 2: Frequently Asked Questions
1. What does “one-and-three-quarter storey” mean for this home?
This is a common Winnipeg architectural style, typically featuring a full main floor and a second floor where the roofline slopes inward, creating cozier but functional bedrooms with potentially sloped ceilings. It maximizes space within a classic design.
2. The assessed value is notably lower than the city-wide average. What does this indicate?
The assessed value is for municipal tax purposes and reflects the property’s value relative to others in its assessment category. A lower assessment here generally correlates with the home’s age, the unrenovated condition, and local market factors, not necessarily the sale price. It can mean relatively lower property taxes, which is a practical advantage.
3. The basement is noted as “not renovated.” What should I consider?
This confirms the basement is in original or functional condition, not modernized. It’s essential to investigate its moisture control, foundation integrity, and the condition of mechanical systems (like the furnace or water heater) often housed there. It represents both a potential project and an opportunity to customize the space to your needs.
4. How does the living area size compare to nearby recent sales?
Based on the data, this home’s living area is larger than the average for similar homes on Nairn Avenue and in East Elmwood. For example, a nearby property sold on Talbot Avenue listed only 572 sq ft. This suggests 769 Nairn offers a size advantage within its immediate market.
5. The home was built in 1913. What are the implications?
A home of this age possesses character and sturdy construction but requires diligent inspection. Key considerations include the condition of original plumbing and wiring (which may have been updated), insulation, windows, and the overall structure. It’s wise to budget for maintenance and updates that respect the home’s era while ensuring modern comfort and efficiency.