Property Overview
This two-storey home at 135 Nordstrom Drive in Winnipeg's Island Lakes neighbourhood presents a distinct profile. Built in 2008, it is a relatively newer home within its immediate area and the broader city. Its key appeal lies in the generous 7,172 sqft lot, which is significantly larger than most on the street and in the neighbourhood, offering substantial outdoor space and future potential. The 1,509 sqft living area is modest for the street but above the Winnipeg average, situated in a home that is newer than roughly 87% of the city's housing stock.
The property suits buyers who prioritize land size and a newer build over immediate move-in size or finished condition, as the basement is noted as unrenovated. It’s a practical choice for those comfortable with a home that offers solid fundamentals—a modern structure on a large lot—but where value may be found in personalizing the space over time. The assessed value is notably lower than neighbouring homes on Nordstrom Drive, which could indicate an opportunity for equity growth through updates, but warrants careful investigation.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes on the street?
The assessed value is the lowest on Nordstrom Drive. This typically reflects the property's current condition and features as evaluated for tax purposes, particularly the unrenovated basement. It does not necessarily predict the final sale price but suggests the home may be valued below its immediate peers.
2. How does the lot size compare practically?
At over 7,000 sqft, the lot is well above average for Island Lakes. This translates to more private yard space, room for additions like a deck or shed, and potentially better privacy from neighbours compared to standard lots in the area.
3. What does "above average citywide but below average on the street" mean for living space?
With 1,509 sqft, the home offers more space than the typical Winnipeg house. However, on Nordstrom Drive specifically, most homes are larger. This means the interior may feel comfortable for a small family or couple, but buyers expecting the most spacious home on the block should look elsewhere.
4. Is the 2008 build date a significant advantage?
Yes, especially in Winnipeg. A home built in 2008 is newer than the vast majority of the city's housing inventory. This often means modern construction standards, younger major systems (like roof and furnace), and less immediate concern for costly, age-related repairs compared to older homes.
5. What should I consider about the unrenovated basement?
An unrenovated basement represents both a project and an opportunity. It allows you to finish the space to your own taste and needs, but requires upfront budget and planning. It's important to have it inspected for moisture issues, insulation, and basic wiring to accurately estimate renovation costs.