Property Overview: 140 Nutley Circle, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 140 Nutley Circle in River Park South presents a solid, middle-of-the-road offering in the Winnipeg market. Built in 1982, its 1,207 sqft living space and $431k assessed value are consistently "around average" when compared to the city, neighborhood, and even its own street. This consistency is its defining characteristic: it’s not an outlier in size, value, or lot size (4,402 sqft), which suggests a stable and predictable investment within an established community.
The appeal lies in its balance and position within a mature neighborhood. While the home is slightly older than many on its street, it holds an assessed value above the street's average, indicating it is well-maintained and perceived favorably relative to its immediate peers. It would suit pragmatic, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize neighborhood stability over a brand-new build or a large lot. It’s a home for someone seeking a straightforward entry into a settled area without the premium or the surprises that can come with more unique properties.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
The home sold between $350k-$400k in December 2021. Its current assessed value of $431k is higher, but for an exact sale price and to understand market trends, you should request the verified figures via the site’s manual lookup service.
2. Is the lot size a disadvantage?
The lot is below average for both the street and neighborhood. This could mean less yard maintenance but also less private outdoor space. It’s a practical fit for those not wanting extensive grounds, but buyers seeking large gardens or expansion potential should take note.
3. The home is older than most on the street. Should I be concerned?
Being built in 1982 places it in the older third of homes on Nutley Circle. This typically means systems (roof, windows, furnace) may be nearer to their lifecycle end, so a thorough inspection is advised. Conversely, homes from this era in stable neighborhoods often have mature landscaping and settled foundations.
4. What does "around average" in living area really mean for daily life?
At 1,207 sqft, the space is functionally sufficient for a small family or couple. It’s not expansive, but it is directly in line with the typical Winnipeg home. This suggests a efficient, likely traditional layout common for its time, without the open-concept flow of newer builds.
5. Why is the assessed value above the street average if other metrics are average or below?
Assessment is based on more than just size and age. Factors like interior condition, updates, and specific location on the street can elevate value. This suggests the property may have been well-kept or have intangible perks that offset its older age and smaller lot in the assessor’s view.