Property Overview
This one-storey home at 1071 Nairn Avenue in East Elmwood presents a practical opportunity in Winnipeg’s market. Its key appeal lies in a combination of a generous, above-average lot and a recently renovated basement, offering potential beyond its modest 884 sqft main floor. While the living space is compact compared to city averages, the property stands out on its street with a larger-than-typical yard (4,560 sqft) and an older build year that suggests a well-established neighbourhood character. The assessed value is positioned around the local average, indicating a price point in line with the East Elmwood area.
It would suit a first-time buyer looking for a manageable footprint with room to grow outdoors, or an investor seeking a property with a renovated income suite in the basement. The larger lot also holds quiet appeal for someone interested in gardening, adding a private patio, or future expansion, which is a less common find in this price segment.
Frequently Asked Questions
1. Is the house particularly small?
While the main living area is below the city-wide average, it is closer to the average for East Elmwood. The renovated basement significantly expands the usable space, making the overall footprint more functional.
2. What does the "above average" land area ranking mean for me?
Ranking in the top 13% on its street for lot size means you're getting more outdoor space than most direct neighbours. This allows for greater privacy, landscaping potential, and distance from adjacent homes.
3. How does the assessed value relate to the likely sale price?
The assessed value is for municipal tax purposes. The last sale was in 2016 for $200,000. The current market price will be determined by recent sales of similar homes, condition, and demand, but the assessment being around the neighbourhood average suggests it's not an outlier.
4. Is a 1955-built home a concern?
The build year is older than many on the street, which typically means a mature property. This can be positive, indicating a settled structure in an established area, but a thorough inspection is always recommended to understand the condition of major systems like roof, plumbing, and wiring.
5. Who are the most comparable properties?
The listing shows comparable properties based on assessed value, not style or size. These are homes with a similar municipal valuation across Winnipeg, which may be in different neighbourhoods. For a true comparison of liveability and market price, focus on recent sales of similar one-storey homes with basements in East Elmwood.