Property Overview: 1052 Theo. Nuytten Street, Holden, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1955, offering a practical and grounded opportunity in the Holden neighbourhood. With 864 square feet of living space and a detached garage, it sits on a well-sized lot of over 5,000 square feet. The home features a basement that is present but not renovated, presenting a clear canvas for future improvements.
Its primary appeal lies in its positioning as an affordable entry point into the Winnipeg market. The home's assessed value is notably below the citywide average, which translates to lower property taxes—a significant, ongoing cost savings. While the living space is compact citywide, it is quite typical for its immediate street and area, suggesting it fits comfortably within the established community scale. The lot size is a standout, being larger than many on the same street, offering valuable outdoor space or future expansion potential relative to its peers.
This property would suit first-time buyers, practical renovators, or investors looking for a straightforward asset. It’s for someone who values a larger yard over a large interior footprint and sees potential in a home that is average for its local context but offers financial advantages like a low tax base. It’s not a luxury offering, but a solid, no-frills foundation.
Frequently Asked Questions
1. Is this a "below average" home?
It depends on the scale. Citywide, its size and value are below average. However, within its own neighbourhood and street, it is very typical—ranking around the middle for living area, lot size, and age. This indicates it’s a standard home for the area, not an outlier.
2. What does "basement yes, not renovated" mean?
It confirms the house has a basement, but it is in original or unfinished condition. Buyers should budget for potential updates, moisture-proofing, or finishing to make it a comfortable living or storage space. It represents both a current limitation and future opportunity.
3. Why is the citywide assessed value comparison so different?
The "comparable homes" average for the city is listed as $390k, which seems unusually high compared to the home's ~$21k assessment. This stark difference highlights that this property exists in a markedly more affordable segment of the market than the city's overall average, underscoring its value as a budget-conscious option.
4. How recent is the sale price data?
The home sold in January 2025 for an estimated range of $20.5k to $23.5k. This very recent sale provides a concrete, current market value benchmark that is closely aligned with its assessed value.
5. What are the indirect costs and benefits of a home like this?
A major benefit is lower annual property taxes due to the low assessed value. A consideration is that older homes (1955) may require proactive maintenance or updates to major systems like plumbing, electrical, or the roof. The large lot is a long-term asset but also requires upkeep.