Property Overview: 517 Nathaniel Street, Winnipeg
Key Characteristics & Appeal
This is a classic one-storey home in the established Grant Park neighborhood, built in 1959. Its key characteristic is a generous, above-average lot size of over 5,700 sqft, offering more outdoor space than most homes on its street and in the immediate area. The home itself, at 1,027 sqft of living area, is modest in size compared to the city average but is supported by a renovated basement, adding functional space. It features a detached garage.
The appeal lies in its balance of a sizable yard within a mature, central neighborhood. It suits a first-time homebuyer or downsizer looking for a manageable single-level layout with clear potential to enjoy or develop the outdoor space. The renovated basement adds immediate utility. From an investment perspective, the home's assessed value is consistently "around average" across all comparison levels, suggesting it is priced in line with its fundamentals, while the large lot could be seen as a long-term asset in a steadily developing area.
Frequently Asked Questions
1. How does the home's size compare to others?
The living area is below average for the city and for Nathaniel Street itself, but is around the average size for the Grant Park neighborhood. The renovated basement provides additional usable space beyond the main floor square footage.
2. What does the lot size ranking mean?
The lot is a standout feature. It ranks in the top 16% within Grant Park and the top 13% on Nathaniel Street, meaning it is significantly larger than many comparable properties nearby.
3. Is the assessed value typical for the area?
Yes. The assessed value is consistently around the median mark when compared to the street, the Grant Park area, and citywide, indicating it is valued in line with market norms for its type and location.
4. What was the previous sale price?
The home last sold in June 2019. The exact sale price is available upon request via email from the listing service, which provides the data manually as a courtesy.
5. What type of neighborhood is Grant Park?
Grant Park is a long-established, central Winnipeg neighborhood characterized by older homes on tree-lined streets. It offers a blend of residential comfort with convenient access to local amenities, schools, and major routes.