Property Overview: 700 Nottingham Avenue, Winnipeg
Key Characteristics & Appeal
This home at 700 Nottingham Avenue in Munroe East is a practical, post-war bungalow built in 1958. Its key appeal lies in its efficient scale and the balance it strikes. With 948 sqft of living space, the home is slightly more compact than the city average, suggesting a manageable layout for simpler living. However, it sits on a 5,180 sqft lot, which is notably larger than many of its immediate neighbours. This combination points to a property where the value may be more in the land and location than in the size of the dwelling itself.
The home’s assessed value is below average for its street and the wider city, which could indicate an entry point for buyers or potential for value growth. It last sold between 2019 and 2025 for an estimated $200k-$250k. This profile suits first-time homebuyers seeking a foothold in a stable neighbourhood, downsizers looking for a manageable property with a decent outdoor space, or value-oriented investors interested in a classic Winnipeg bungalow with a lot that may offer future potential.
A less obvious perspective is that this property represents a "blank canvas" within an established area. Its average rankings for age and living area suggest it hasn’t been extensively expanded or modernized, allowing a new owner to tailor updates to their own taste and budget without over-improving for the street.
Frequently Asked Questions
1. Is the living space too small?
At 948 sqft, the home is smaller than the Winnipeg average but is quite typical for its neighbourhood and street. It’s a fit for those who prioritize efficient, low-maintenance living over ample square footage.
2. Why is the assessed value relatively low?
The assessed value is below average for the street and city. This can be influenced by the home’s smaller size, its age, and the specific assessment methodology. It’s important to note that assessed value is for tax purposes and does not necessarily equal market value.
3. What does the larger lot size mean for me?
The lot of 5,180 sqft is above average for Nottingham Avenue. This provides more private outdoor space than neighbouring properties, which could be used for gardening, recreation, or future additions like a shed or deck.
4. What can the 2019 sale price tell me?
The previous sale price (estimated $200k-$250k) provides a historical benchmark. Comparing it to the current asking price can help gauge market trends and the seller’s potential motivation in this specific area.
5. How does this home compare to others nearby?
The data shows this home is a very typical example for Munroe East in terms of age, size, and value. Its standout feature is its lot size relative to others on the same street. For a detailed visual comparison of nearby properties, you can explore the neighbourhood analysis map.