660 Nassau Street S

Property Overview

This 802 sqft home, built in 1911 on a 2,833 sqft lot in Lord Roberts, presents a straightforward opportunity in Winnipeg’s core. Its key appeal lies in its relative affordability and established neighbourhood setting. The home is smaller than average for the city, which is reflected in its below-average assessed value. Recent sales data shows significant price appreciation between 2017 and 2022, indicating growing demand in the area. It suits first-time buyers, investors looking for a character home with renovation potential, or downsizers seeking a manageable footprint in a central location. Its charm is not in luxury finishes or size, but in its position as an accessible entry point into the market within a mature community.

Frequently Asked Questions

1. How does this home compare to others in the area?
The home is consistently below the city-wide averages for size, lot size, and assessed value. However, within its immediate Lord Roberts neighbourhood and on its own street, it is much closer to the local averages, suggesting it is a typical offering for this specific, established area.

2. What does the sold price history indicate?
The home sold for between $150k-$200k in 2017 and then for $250k-$300k in 2022. This suggests strong value growth over that five-year period, potentially highlighting the neighbourhood's increased desirability or broader market trends.

3. Who might this property not suit?
Buyers needing significant modern, open-concept space or a large yard may find it limiting. Its smaller, traditional layout and average lot size for the area cater to those with simpler spatial needs or a vision for gradual updates.

4. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value for municipal tax purposes ($23.8k) is significantly lower than recent sale prices. Market value is driven by buyer demand, condition, and comparable sales, not tax assessment.

5. What are the less obvious considerations with a home of this age?
A 115-year-old home offers charm but requires a practical mindset. While systems may have been updated, budgeting for ongoing maintenance and potential upgrades to insulation, wiring, or plumbing is wise. The character comes with the responsibility of caring for an older structure.