Property Summary: 967 Nairn Avenue, Winnipeg
Section 1: Overview & Appeal
This is a well-situated, one-storey home in East Elmwood built in 1955. Its key characteristics include a renovated basement, a detached garage, and a living space of 974 sqft on a 4,292 sqft lot. The appeal lies in its strong positioning within its immediate neighborhood. While its size is modest by city-wide standards, it stands out on its own street with an assessed value significantly above the local average, suggesting it is a well-maintained or improved property among its direct peers. The renovated basement adds functional living space, a valuable asset in a home of this era.
This property would suit first-time buyers or downsizers looking for a solid, single-level home in a established community without the premium of a brand-new build. It’s a practical choice for someone who values a quiet street, a decent-sized yard, and the potential of a home that already shows signs of thoughtful updates. A less obvious perspective is that its above-average assessment on Nairn Avenue could indicate it's a "best-in-class" home for the block, potentially offering better finishes or condition than immediate neighbors, which is a smart value in an affordable area.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows it compares very favorably on its own street, ranking in the top 14% for assessed value. In the broader East Elmwood area, its size, lot, and value are all around the local average, making it a very typical and competitively positioned home for the neighborhood.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the listing agent, as it could range from updated flooring and paint to a fully finished recreational room or additional bedroom.
3. Is the property priced according to its assessment?
The home last sold in 2019 for $22,400, but its current assessed value is $27,100. This notable increase suggests municipal assessments recognize significant value, likely from the basement renovation and general upkeep. The sale price will be determined by the current market.
4. What are the considerations for a home built in 1955?
While the renovated basement is a plus, a home of this age will have older core components. A thorough inspection is advised to assess the condition of the roof, wiring, plumbing, and foundation, which are typical focal points for homes from this period.
5. How does the lot size impact potential?
At just under 4,300 sqft, the lot is fairly standard for the area. It provides good outdoor space for a garden or patio but may have limitations for large additions. The detached garage offers flexibility for storage or a workshop.