Property Overview: 1040 Theo. Nuytten Street, Holden, Winnipeg
Key Characteristics & Buyer Profile
This two-storey home, built in 1955, offers a practical layout with 1,248 sqft of living space and a full, unrenovated basement. It sits on a standard 5,070 sqft lot and includes a detached garage. The appeal of this property lies in its strong relative value within the immediate Holden neighborhood. While its assessed value is modest compared to the wider city, it ranks above average for both size and value on its own street and in the local area. This suggests a home that is competitively positioned for its community, potentially offering more space for the price compared to nearby peers.
It would suit a value-conscious buyer, such as a first-time homeowner or an investor, who prioritizes location and fundamentals over turn-key condition. The unrenovated basement presents a clear project, appealing to those looking to add value through their own work or who need flexible storage and utility space. The detached garage is a practical asset for vehicle storage or a workshop. This is a home for someone who sees potential in a solid, well-located property and is comfortable with a baseline condition that allows for gradual, personalized updates.
Frequently Asked Questions
1. What does the "above average" ranking for the neighborhood actually mean?
It means that compared to similar homes in Holden, this property has a larger living area and a higher assessed value than most. It's a stronger performer within its specific local market context.
2. Is the low citywide assessed value a concern?
Not necessarily. It primarily reflects the more affordable property values in the Holden area compared to the Winnipeg city average. The key metrics are its competitive standing within its own neighborhood.
3. What should I expect with an unrenovated basement?
The basement is functional but dated. It will require investment to modernize. Consider it a blank canvas for future finishing, but budget for potential updates to flooring, walls, lighting, and possibly moisture-proofing.
4. How does the detached garage impact the property?
It provides valuable separate storage or workspace but may require walking from the house in inclement weather. Its condition and potential for upgrades (like electrical service for a workshop) should be factored into your evaluation.
5. The home is 71 years old. What are the main considerations?
While the structure has proven durable, a focused inspection for aging components is essential. Pay special attention to the roof, foundation, plumbing, and electrical systems to understand any imminent major maintenance or updates needed.