Property Summary: 654 Nottingham Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, single-family home built in 1958 in the Munroe East neighbourhood. Its key characteristic is its smaller, efficient scale. With 816 square feet of living space on a 3,991 sqft lot, the home is consistently below the average size for comparable properties on its street, in its area, and across Winnipeg. This translates to a correspondingly lower municipal assessed value. The home is not a standout in terms of size or valuation metrics, but it represents a grounded, entry-level opportunity in the market.
Its primary appeal lies in its affordability and manageability. The below-average operating costs (reflected in the assessment) and the smaller footprint make it a practical choice for first-time buyers, downsizers, or investors seeking a straightforward rental property. The lot, while below average for the area, still provides decent outdoor space for a home of this size. A thoughtful perspective is that this property avoids the premium often attached to recently renovated or larger homes, offering a genuine "as-is" canvas. It suits a buyer comfortable with a home that may require updates, who prioritizes financial accessibility over square footage, and who sees potential in a well-located, no-frills property.
Frequently Asked Questions
1. What does the "below average" ranking for Living Area actually mean?
It means this home's interior size is smaller than most direct comparison homes. Specifically, it ranks in the bottom 27% on its own street, making it a more compact living option.
2. Why is the City-wide Average Assessed Value so much higher ($390k vs. ~$30k)?
The city-wide average includes all property types and values across Winnipeg. The more relevant figures are the local averages for similar homes on Nottingham Avenue ($30,100) and in Munroe East ($29,400), which this property aligns with.
3. How recent is the sold price data shown?
The listed sale (CA$250k–300k) occurred in 2020. This is a historical price range based on public data. For the precise sold price, you must request it via the provided email service.
4. Is the 1958 build date a concern?
The year built is around the average for the area. While it suggests potential for older-home maintenance or updates, it is typical for the neighbourhood and not an outlier.
5. What can I glean from the nearby and similar-value listings provided?
The nearby addresses show you the immediate streetscape, while the "similar assessed value" listings highlight what other types of properties (including condos) fall into the same municipal valuation bracket, useful for cross-shopping different housing forms at a similar tax level.