Property Overview
This home at 18 Nichol Avenue in Winnipeg's Norberry neighbourhood presents a balanced offering of space, value, and potential. Its appeal lies in its established setting and practical footprint, offering a solid foundation for a variety of buyers.
Key Characteristics & Ideal Buyer
The 1,328 sqft home, built in 1921, sits on a notably generous 8,094 sqft lot—a size that ranks well above average for both the city and the local area. This creates a valuable contrast: a character home with ample outdoor space in a mature neighbourhood. With an assessed value of $381,000, it positions itself as a above-average value within Norberry, suggesting a good standard for the immediate area.
Its appeal is grounded in this balance. The lot size offers rare potential for gardens, expansion, or simply more privacy than newer subdivisions typically provide. The home itself, while older, offers living space that is comfortably sized and competitive for the street. It last sold in early 2022 in the $450,000-$500,000 range, providing a recent market benchmark.
This property would suit a buyer who values a larger lot and established neighbourhoods over a brand-new build. It’s a practical choice for someone comfortable with the upkeep of a century-old home or who sees potential in its generous land parcel. It appeals to those seeking space without moving to the city's outskirts, offering a blend of inner-city lot size with South Winnipeg convenience.
Frequently Asked Questions
How does the lot size compare to typical properties?
The lot is a significant feature at over 8,000 sqft. It ranks in the top 30% within Norberry and the top 11% city-wide, meaning it is substantially larger than most residential lots in Winnipeg.
Is the assessed value a reliable indicator of the market price?
The assessed value is for municipal tax purposes. The home's last known sold price (2022) was higher, in the $450k-$500k range. Market conditions, property updates, and buyer demand since that sale will determine the current price.
What does the "below average" ranking for Year Built mean?
Built in 1921, the home is older than 95% of houses on its street and 96% in Norberry. This indicates a mature, established neighbourhood but also suggests buyers should budget for maintenance or updates appropriate for a home of this age.
How does the living space compare?
At 1,328 sqft, the living area is slightly above average for the Norberry area but around the average for the specific street and the city overall. It offers a standard amount of interior space for a family home.
Where can I get verified historical sale data?
The provided sold price is an estimate from public records. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site, as they do not display official MLS sold data.