Property Overview: 284 Nightingale Road, Winnipeg
Key Characteristics & Appeal
This home is a two-storey property on a large, approximately 9,300 sqft lot in the Booth neighbourhood. Its key strength lies in its above-average proportions and recent history as a desirable purchase. With 1,900 sqft of living space, the home is significantly larger than most on its street and in the wider area. It features a renovated basement and a detached garage.
The appeal is rooted in space and established value. The lot size ranks in the top tier locally, offering rare outdoor potential for the area. Market data indicates strong performance; its 2022 sale price was notably higher than neighbouring properties and sits well above its current assessed value, suggesting it was a premium, updated offering at that time. It would suit buyers looking for a spacious, grounded home in a mature neighbourhood, particularly those who value a large yard over a newer build. A thoughtful perspective is that while the home itself is older (built 1953), its recent sale history and size suggest it has been a well-regarded asset in the community, appealing to those seeking a property with proven "pride of ownership" rather than a new construction project.
Frequently Asked Questions
Q: How does the age of the home (1953) affect its value?
A: While older, the home's recent sale price and large living area indicate updates and maintenance have sustained its market appeal. The lot size and living space are primary value drivers here, offsetting the older build year.
Q: The assessed value is much lower than the 2022 sale price. Why?
A: Municipal assessed value for tax purposes often lags behind market value and doesn't always reflect specific renovations or current market conditions. The 2022 sale demonstrates what a buyer recently paid for the property's full package.
Q: What does the "rank" data for the street and neighbourhood mean?
A: It shows how this property compares to others nearby. For example, its lot size ranks in the top 11% on its street, meaning it's one of the largest. Conversely, its build year ranks in the bottom tier, confirming it's one of the older homes on the block.
Q: Who might this property not suit?
A: It may not suit buyers seeking a modern, low-maintenance home or who prioritize a newer build year. The detached garage also means dealing with Winnipeg winters, which could be a drawback for some.
Q: The data shows it's larger than the reference property at 294 Nightingale. Is that significant?
A: Yes. Despite similar addresses, this home is over 600 sqft larger and sits on a much larger lot, highlighting that even within the same block, property characteristics can vary greatly.