Property Overview: 28 Nichol Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Nichol Avenue in Norberry presents a compelling mix of space, value, and established neighbourhood character. Its primary appeal lies in its generous proportions. With nearly 2,000 square feet of living area, it ranks in the top 5% of homes on its street and the top 2% within Norberry, offering significantly more interior space than most local comparables. This is complemented by a large, private lot of over 8,000 square feet, which is well above the city-wide average.
Built in 1922, the property is one of the older homes in the area. This vintage suggests potential for classic architectural charm but also indicates that a buyer's appreciation should extend to the character and maintenance considerations of a century-old structure. The assessed value sits comfortably above averages for both the street and neighbourhood, reflecting its substantial size and lot, while the recent sale price aligns with its premium positioning.
This property would ideally suit a buyer looking for a spacious family home with a large yard in a mature community. It appeals to those who value room to grow over modern construction and are prepared to embrace the narrative of a home with history. It’s a solid choice for someone seeking a property where the investment is grounded in tangible assets—land and square footage—within a well-established area.
Section 2: Frequently Asked Questions
1. How does the age of the home impact its value and appeal?
While its 1922 construction places it well below the area's average build year, this age contributes to its unique character and is a key factor in its larger lot size and living area—features that are less common in newer developments. Value here is driven more by its spacious attributes than its vintage.
2. The lot size is noted as "below average" for the street but "above average" for the city. Which is more relevant?
This highlights the established nature of Nichol Avenue, where large lots are common. While it's on the smaller side for its immediate block, the 8,094 sqft lot is still substantially larger than the typical Winnipeg property, offering excellent outdoor space relative to the broader market.
3. What does the sold price range tell us about the market's view of this property?
The sold price range confirms that the market valued this home above its assessed value, placing it in the top 10% of sales for the area. This suggests strong buyer competition for homes with this combination of space and location.
4. Are there any considerations regarding future renovations or updates?
Given the home's age, any significant renovations should be planned with an understanding of older building methods and potential updates needed to plumbing, electrical, or insulation. The large size and classic layout offer great potential but may come with project scope that matches the scale of the home.
5. How can I verify the exact final sold price?
The exact sold price is not publicly displayed due to industry data rules. You can request the precise figure by emailing the site directly via the "Request exact figures by email" link provided on the detail page. They will manually look up and provide the verified transaction history.