Property Overview: 721 Nottingham Avenue, Winnipeg
Key Characteristics & Appeal
This 1956 bungalow in Munroe East presents a distinct value proposition centered on its land and location. At 834 sqft, the living space is modest and below average for the area, suggesting a home best suited for a first-time buyer, downsizer, or investor. Its primary appeal lies in its generous 5,501 sqft lot, which is notably larger than most on its street and in the neighbourhood. This offers valuable outdoor space and future potential.
The home’s assessed value is strong relative to its immediate peers, ranking in the top 14% on Nottingham Avenue. This indicates it is viewed as a solid asset within its specific locale. The property last sold between $350k-$400k in 2022. A thoughtful perspective for a buyer is to see this as a "lot-with-a-house" scenario. The value is anchored more in the land and location within a established neighbourhood than in the size or modernity of the dwelling itself. It would suit a practical buyer comfortable with a home from the 1950s, who prioritizes yard space and a stable, well-regarded local position over square footage, and who may see value in gradual updates.
Frequently Asked Questions
1. Is the house in need of major renovation?
Built in 1956, the home is older than many on its street. While the solid assessed value suggests it is maintained, buyers should budget for updates consistent with a house of this age, such as windows, roofing, or mechanical systems, and have a thorough inspection.
2. How does the sold price from 2022 relate to today's value?
The 2022 sale price provides a historical benchmark, but market conditions have shifted. The current assessed value offers a more recent point of comparison, but a professional appraisal or comparative market analysis is recommended to determine present market value.
3. What are the advantages of the larger lot?
The lot is a key feature, providing more private outdoor space than neighbours, room for gardening, play, or entertaining, and potentially more options for future landscaping, additions, or redevelopment subject to zoning.
4. The living area is noted as below average. Will it feel too small?
At 834 sqft, the layout is compact. It would comfortably suit individuals, couples, or a small family. Buyers should carefully consider if the floorplan meets their spatial needs, as the trade-off for the larger lot is a smaller interior.
5. How do I find out the exact historical sold price?
The exact sold price is not publicly displayed in detail. You can request it directly via the email link provided on the listing page; the service commits to providing the accurate figure without using your email for unsolicited marketing.