Property Overview
995 Nairn Avenue is a well-situated, one-storey home in East Elmwood that represents a classic Winnipeg housing profile. Its appeal lies in being a solid, no-fuss property that offers good value within its immediate neighborhood. The home features a renovated basement and a detached garage on a standard-sized lot. It particularly suits first-time homebuyers, downsizers looking for single-level living, or practical investors seeking a stable rental property in an established area. While its citywide metrics are modest, it performs consistently well against its direct peers on Nairn Avenue and in East Elmwood, suggesting it's a typical and competitive offering for this specific market.
Key Characteristics & Suitability
This 1955-built bungalow has 1,024 square feet of living space, which is typical for similar homes on its street and in the East Elmwood area. The lot size of just over 4,200 square feet is also standard for the locale, offering adequate outdoor space without excessive maintenance. A key feature is the renovated basement, which adds functional living area. The home’s assessed value positions it as an affordable entry point, notably below the citywide average.
Its primary appeal is as a comfortable, manageable property in a long-established neighborhood. It’s not a standout luxury home, but a pragmatic choice. A thoughtful perspective is that its "average" rankings within the neighborhood are actually a strength—it indicates a lower risk of being over-improved or priced out of step with local comparables. It would suit buyers who prioritize neighborhood fit and value consistency over premium features or square footage. The detached garage is a practical asset, and the single-level layout (excluding the basement) is ideal for accessibility.
Frequently Asked Questions
1. How does this home compare to others in Winnipeg?
Citywide, its living space and assessed value are below the Winnipeg average, reflecting its more modest size and the generally lower price point in its area compared to newer suburbs. This is typical for a mature neighborhood home.
2. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. This is a crucial point to verify with the listing agent and the city, as it impacts rental potential and insurance.
3. What does the assessed value tell us about the potential sale price?
The assessed value is a municipal figure for tax purposes and is often significantly lower than market value. The last known sale was in 2016 for $200,000. A current market evaluation by a real estate agent is essential to determine today's likely selling price.
4. What are the implications of the home being built in 1955?
While older, the home ranks as "above average" in age for its street, meaning it's actually one of the newer homes on Nairn Avenue. Buyers should still budget for standard maintenance expected of a nearly 70-year-old house, such as updates to roofing, windows, or mechanical systems.
5. How does the lot size benefit a buyer?
At over 4,200 square feet, the lot is a comfortable size for its area. It provides good yard space for gardening or recreation, while still being manageable to maintain. It also offers potential for future landscaping projects or modest expansions, subject to zoning bylaws.