Property Overview: 119 Nassau Street N, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a practical and relatively modern option within Winnipeg’s McMillan neighbourhood. Built in 1979, its age is a standout feature, ranking it among the newest 5% of homes both on its street and in the broader neighbourhood, which is predominantly composed of much older, century-old properties. This suggests a potential advantage in terms of more contemporary construction standards and possibly reduced immediate maintenance needs compared to its peers.
With 1,094 sqft of living space, the home offers a manageable footprint that is around the city-wide average but smaller than many in its immediate area. The lot size is compact at 2,085 sqft, which translates to lower yard maintenance—a plus for those seeking a simpler outdoor space. Its assessed value is notably above average for Nassau Street N, indicating it may be viewed as a higher-quality asset on its specific block.
The appeal lies in its relative modernity within a historic area, offering a move-in-ready foundation without the complexities often associated with heritage-era homes. It would suit first-time buyers, downsizers, or investors looking for a straightforward, lower-maintenance property in a central location. The compact lot and efficient size make it a sensible choice for those prioritizing location and simplicity over expansive space.
Section 2: Frequently Asked Questions
1. What does it mean that the home is newer than most in the area?
While built in 1979, it is significantly newer than the neighbourhood median (around 1917-1926). This often means systems like wiring, plumbing, and insulation may be more modern, potentially leading to lower upkeep costs and better energy efficiency than nearby century-old homes.
2. The lot seems small. Is that a disadvantage?
It depends on your lifestyle. The lot is smaller than most in the city and neighbourhood, which limits expansive gardening or large outdoor additions. However, it means less yard work and lower property tax implications tied to land value, which can be a benefit for those seeking low-maintenance living.
3. Why is the assessed value higher than the street average?
A higher assessed value compared to direct neighbours often reflects the property’s condition, improvements, or its newer construction relative to older homes on the street. It suggests the municipal assessment views this as a above-average property for the block.
4. How does the living space compare for daily life?
At just under 1,100 sqft, the living area is functional for a small family, couple, or individual. It’s smaller than the McMillan neighbourhood average, so storage and room layout will be key considerations. It promotes efficient living rather than spaciousness.
5. What is the likely price range based on recent sales?
Based on a listed sale in the 2022 period for $300k-$350k, and considering current assessed values and market trends, interested buyers should investigate recent comparable sales in McMillan. The exact historical sold price can be requested directly from the listing service.