Property Overview
This 720 sqft, one-storey home at 1027 Theo. Nuytten Street in Holden offers a compact and efficient living space. Built in 1970, it features a renovated basement and sits on a 3,060 sqft lot. The home has no garage or pool. Recent sales data shows a stable value history, with the last sale occurring in February 2024.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its affordability and manageability. With a living area significantly below the city average, it represents a low-maintenance, cost-effective entry point into the Winnipeg housing market. The renovated basement adds functional living space, a valuable upgrade in a home of this size. Its assessed value is modest, especially compared to the city-wide average, suggesting lower property taxes.
This home would suit first-time buyers, downsizers, or investors seeking a straightforward, budget-conscious property. Its smaller scale makes it easier and cheaper to heat, maintain, and upkeep. A less obvious perspective is its potential for someone seeking to minimize their physical and financial footprint without leaving the city. The lot, while below average in size for the area, is still proportionate to the home, offering manageable outdoor space without being burdensome.
Section 2: Frequently Asked Questions
1. Is this a small home compared to others in Winnipeg?
Yes. At 720 sqft, the living area is well below the Winnipeg average (approx. 1,342 sqft), placing it in the top 5% of smallest homes city-wide. It is also below the average for the Holden area.
2. What is the property tax likely to be?
While exact taxes depend on the mill rate, the assessed value of $22,600 is a key determinant. This assessed value is significantly below the city-wide average, which typically results in lower-than-average property tax bills.
3. How has the property's value changed recently?
Based on available sales data, the home sold between $22.5k-$25.5k in February 2024. Prior to that, it sold between $19.5k-$22.5k in October 2022, indicating a stable or slightly appreciating value in that period.
4. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would be a key point to clarify with the seller or listing agent to understand the finish quality and layout of the additional space.
5. Is the land size a concern?
The 3,060 sqft lot is below the average for both the street and the wider Holden area. This means smaller yards and potentially closer proximity to neighbors, but also less exterior maintenance. It is a practical fit for the size of the home itself.