740 Nottingham Avenue

Property Overview: 740 Nottingham Avenue, Winnipeg

Key Characteristics & Appeal

This is a modest, mid-century bungalow built in 1958, situated on a notably generous lot in the Munroe East neighbourhood. The home’s primary characteristic is its balance of a smaller, efficient living space (816 sq ft) with a larger-than-average land parcel (4,991 sq ft) for its immediate street. This creates a distinct value proposition: the maintenance and utility costs associated with the interior are relatively low, while the outdoor space offers significant potential for gardening, expansion, or simply enjoying a sizeable private yard—a rarity compared to many newer developments.

Its appeal lies in its position as a practical entry point into the Winnipeg market or a downsizing opportunity. The assessed value of $280k is around average for the Munroe East area, suggesting it is priced in line with neighbourhood expectations rather than standing out as exceptionally high or low. The home last sold between 2016 and 2018 for an estimated $200k-$250k, indicating historical affordability.

This property would best suit first-time buyers prioritizing land size over square footage, or practical investors looking for a manageable rental property. It’s also a candidate for those with a vision for renovation or addition, where the existing structure can be improved upon the solid foundation of a large lot. It is less suited for those seeking a move-in-ready, spacious home without immediate renovation plans.

Frequently Asked Questions

1. Is the house in need of major updates?
Given its 1958 construction, buyers should budget for updates consistent with a home of this age. The systems (roof, plumbing, electrical, insulation) and interior finishes likely require modernization or will in the near future, which is reflected in the accessible price point for the lot size.

2. How does the lot size compare to neighbours?
The land area of 4,991 sq ft is above average for Nottingham Avenue itself (ranking in the top 29%), meaning you get more yard space than most on the same street. It is closer to the average when compared to the wider Munroe East area and city.

3. What is the neighbourhood like?
Munroe East is a mature, established neighbourhood in Winnipeg. The property rankings show home values and sizes here are generally below the city-wide average, indicating a more affordable, community-focused area with older housing stock.

4. Why is the assessed value different from the likely market price?
The municipal assessed value ($280k) is for taxation purposes and often lags behind current market conditions. The previous sold price range ($200k-$250k) is from 2016-2018, so a current market price would be influenced by today’s market, the property’s condition, and its unique lot advantage.

5. Can I find out the exact historical sale price?
Yes, but the precise sale price is not publicly listed in detail. The listing service offers to provide the exact sold price history manually via email upon request, at no cost and without marketing spam.