Property Overview: 963 Nairn Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in East Elmwood presents a practical opportunity. With 1,050 sqft of living space, it offers a functional layout that is slightly above average for the immediate neighborhood. The property sits on a 3,435 sqft lot with a detached garage, providing essential outdoor and storage space. Its key characteristic is its position as a value-conscious entry point: the home’s assessed value is notably below averages for the street, area, and city, suggesting a potentially accessible price point for the square footage offered.
The appeal lies in its straightforward utility and potential. It suits first-time buyers or investors looking for a foothold in the market without a premium price tag. The home’s 1913 build date means it carries character and likely requires a hands-on owner comfortable with the maintenance and gradual updates typical of a century-old house. A thoughtful perspective is that its below-average assessment, while indicating a need for modernization, also may translate to relatively lower property taxes—a practical, ongoing financial benefit. It’s a property for those who see a solid foundation and location over immediate move-in perfection.
Frequently Asked Questions
1. What does "below average" assessed value practically mean?
It primarily indicates the city’s valuation for tax purposes is lower than most comparable homes. This often reflects the home’s age, condition, and specific market factors, and can result in lower annual property taxes.
2. Is the basement finished?
No. The listing specifies the basement exists but is "not renovated," meaning it is in an unfinished, utility state.
3. How does the living space compare to nearby homes?
At 1,050 sqft, it is competitively sized, ranking in the top 34% on its own street and top 30% in East Elmwood. It offers more interior space than many immediate neighbors.
4. What should I consider about the 1913 build date?
While offering classic charm, it necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation. Its systems and components are likely older and may need attention or updating.
5. How does the last sale price in 2016 relate to today’s value?
The 2016 sale price of $14,200 is a historical data point. Current value will be driven by today’s market conditions, the property’s state, and recent area sales, not this outdated figure.