736 Nottingham Avenue

Property Overview

This home at 736 Nottingham Avenue in Winnipeg's Munroe East neighbourhood presents a straightforward, mid-century property with practical appeal. Built in 1958, it offers 948 square feet of living space on a notably generous lot of nearly 5,000 square feet. The data shows it sits comfortably within the averages for its immediate street and area in terms of size, value, and age, but its lot size ranks above average for Nottingham Avenue. Recent sale history indicates steady market interest, with a sale in the $350k-$400k range in 2023.

Key Characteristics & Ideal Buyer

The primary appeal of this property lies in its balance and potential. The living space is typical for the area, making it a manageable footprint for upkeep, but the lot size is a standout feature, offering more outdoor space than many of its direct neighbours. This creates a clear value proposition: a standard-sized home on a better-than-standard lot. The assessed value is consistent with area norms, suggesting a stable, un-inflated entry point into the market.

This home would suit a first-time buyer or a downsizer looking for a practical, no-fuss property in an established neighbourhood. It’s also a sensible candidate for a long-term holder who values outdoor space for gardening, pets, or future expansion more than a large interior. The buyer likely prioritizes a solid foundation and location over turn-key finishes, seeing the value in the land and the opportunity to personalize the space over time.

Frequently Asked Questions

1. How does the lot size compare to nearby properties?
The 4,991 sqft lot is above average for Nottingham Avenue, ranking in the top 29% on the street. This is one of the property's stronger attributes compared to its direct neighbours.

2. What does the sale history tell us about its market value?
It sold between $350,000 and $400,000 in 2023, which placed that price in the top 8% for similar properties on the street and in the Munroe East area at that time, indicating strong demand for the property or the street.

3. Is the living space smaller than average?
At 948 sqft, it is slightly below the Winnipeg city-wide average for comparable homes. However, it is very much in line with the averages for both Nottingham Avenue (~971 sqft) and the broader Munroe East area (~1,009 sqft).

4. What is the significance of the assessed value?
The assessed value of $30,600 is around the average for the street, area, and even city-wide when comparing similar homes. This suggests the property is not over- or under-valued by the tax authority relative to its peer group.

5. You mention "potential"—what should a buyer consider?
Given its 1958 construction, a prudent buyer should budget for updates to major aging components like the roof, windows, or mechanical systems. The generous lot size, however, is a permanent asset that offers flexibility, whether for adding a deck, a garden, or even an extension subject to zoning approvals.