Property Overview: 40 Nichol Avenue, Norberry, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 40 Nichol Avenue presents a compelling profile defined by its substantial lot and premium assessed value within a well-established neighbourhood. Built in 1963, the 1,371 sqft house sits on a generous 8,095 sqft lot, which is notably larger than most in both Norberry and across Winnipeg. The standout characteristic is its assessed value of $561,000, which ranks in the elite top 5% on its street and top 2% in the broader Norberry area, indicating it is perceived as a higher-value property relative to its local peers.
The primary appeal lies in its combination of space and established prestige. The large lot offers significant outdoor potential—rare for the city—while the home’s value ranking suggests above-average finishes, size, or desirability for the location. It suits buyers looking for a solid, long-term home in a mature neighbourhood who value generous outdoor space over a brand-new build. It would particularly resonate with someone seeking a property that already holds a top-tier position in its immediate market, offering a sense of stability and established equity. A thoughtful perspective is that while the home is newer than many on its street, its value significantly outpaces its age group, hinting at meaningful updates or intrinsic location advantages that a buyer should verify.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring homes?
The assessment ranks in the top 2% for Norberry, suggesting factors like significant renovations, additions, premium landscaping, or a superior location on the street that are not fully captured in the basic square footage and year-built data.
2. How does the lot size compare practically?
At over 8,000 sqft, the lot is approximately 25% larger than the Norberry average. This provides ample room for gardening, expansions, recreational space like a pool, or simply more privacy than is typical.
3. What does the sale history indicate about the property’s market?
The home sold in 2020 for between $500k-$550k and in 2017 for $300k-$350k. This shows strong appreciation over that period and suggests the property has been in demand when it comes to market.
4. Is a 1963-built home likely to need major updates?
While newer than many homes in the area, a house from the 1960s will likely have had some systems updated. Key checks would include the roof, windows, plumbing, electrical, and heating, as some original components may be nearing the end of their lifespan.
5. How can I get the exact past sale prices?
The site provides sold price ranges for general research. To obtain the exact sale figures for verified decision-making, you must request a manual lookup via email, as this data is not sourced from the MLS system displayed here.