Property Overview: 672 Nottingham Avenue, Winnipeg
Key Characteristics & Appeal
This 1958 bungalow in Munroe East offers a practical blend of space and lot size that stands out in its immediate area. With 1,172 sqft of living area, the home is notably larger than many neighbours, ranking in the top 10% for its street and neighbourhood. Its most distinctive feature is the 5,792 sqft lot, which is significantly above average for the area, placing it in the top 6% on Nottingham Avenue. This presents a substantial opportunity for gardening, expansion, or simply enjoying more private outdoor space than is typical.
The home’s assessed value is below average for its street, neighbourhood, and city, which may indicate a value-oriented entry point into the market. It last sold in the 2022 price range of $200k-$250k. The appeal here is grounded in space and potential: more interior room than comparable local homes and a generously sized lot for the area. It would suit a first-time buyer or practical investor looking for a solid foundation in a stable neighbourhood, who values room to grow over modern finishes and is prepared for the maintenance or update projects common to a home of this vintage.
Frequently Asked Questions
1. Why is the assessed value relatively low compared to nearby homes?
While the exact methodology isn't public, a lower assessment often reflects the home's age, condition, or specific features as recorded for tax purposes. It doesn't necessarily reflect market value, but it can suggest the home is viewed by assessors as a more modest property within its context.
2. What does the large lot size mean for me?
Beyond extra yard space, a larger lot in an established neighbourhood like Munroe East is a long-term asset. It provides flexibility for additions, landscaping projects, or future development, subject to city zoning bylaws. It’s a feature that’s increasingly rare and cannot be added to an existing property.
3. The home is older—what should I budget for?
Built in 1958, key systems like the roof, plumbing, electrical, and foundation should be thoroughly inspected. Budgeting for updates to insulation, windows, or mechanical systems is prudent. The positive trade-off is often well-built structure and character not found in newer homes.
4. How does it compare to the city-wide average?
This property presents a clear "neighbourhood value" story. While its living area is near the city-wide average, its lot size is strong and its assessed value is below average. This highlights that it offers more space and land for the money within its own community compared to many city properties.
5. Where can I see more detailed comparisons?
For a precise analysis of how this home compares to immediate neighbours in terms of year built, size, and value, you can open the dedicated neighbourhood map analysis page linked in the full property details.