Property Overview: 917 Nairn Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in East Elmwood presents a practical and grounded opportunity. Its key appeal lies in its balance of a generous, above-average lot size for the immediate street and a recently renovated basement, offering flexible living space. With 936 sqft of living area, the house is typical for the neighborhood, making it a manageable size for upkeep. The detached garage adds functional value. Having sold recently in November 2024, it provides a clear, current market benchmark.
The property suits first-time homebuyers seeking an entry point into the market with move-in ready basics and room to grow outdoors. It would also appeal to downsizers or pragmatic investors looking for a straightforward, single-level layout in an established area. A less obvious perspective is its statistical positioning: while its size and value are below the Winnipeg city-wide average, they are solidly average or better within East Elmwood itself. This highlights it as a quintessential example of neighborhood value, offering affordability without the premium of more central or newly developed areas.
Section 2: Frequently Asked Questions
1. How does the property compare in size to its neighbors?
The living space is typical for Nairn Avenue and East Elmwood. At 936 sqft, it ranks near the middle compared to immediate neighbors but is on a larger-than-average lot for the street, offering more outdoor space.
2. Is the assessed value in line with the recent sale price?
The 2024 sale price of $230k came in below the $250k assessed value. This is not uncommon and reflects the actual market transaction versus the city's valuation for tax purposes.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the permits, finish quality, and whether it includes a separate entrance or legal suite potential.
4. How old is the home, and what might that mean for maintenance?
Built in 1954, the home is of a common vintage for the area. Prospective buyers should prioritize inspections for aging core components like the roof, plumbing, electrical, and foundation, which may be original or nearing the end of their service life.
5. How does the value hold up across Winnipeg?
City-wide data shows this home's assessed value is in the bottom 20% of all Winnipeg properties. This underscores its affordability but also indicates it's in a more modest price segment compared to the broader market, which is a key part of its value proposition.