Property Overview
This home at 793 Nassau Street S in Winnipeg's Lord Roberts neighbourhood presents a classic, grounded opportunity. Built in 1910, it sits on a standard city lot and offers a living space that is comfortably within the average range for the immediate area. Its assessed value is modest compared to the wider city, suggesting a relatively accessible entry point into a mature, established community. The appeal here lies in its unpretentious character and its position in a neighbourhood with a mix of historic and mid-century homes. It would suit a practical, value-conscious buyer—perhaps a first-time homeowner, an investor, or someone seeking a manageable footprint without the premium of a newer build or a large lot. This is a property for those who see potential in a well-located foundation rather than a turn-key showcase.
Key Details & Considerations
- Living Area: 1,264 sqft
- Land Area: 2,953 sqft
- Year Built: 1910
- Neighbourhood: Lord Roberts
- Last Sold (2020): CA$200k–250k
Section 1: Character & Appeal
Key Characteristics:
This is a century-old home with a living space and lot size that are typical for its specific street and the broader Lord Roberts area. The data indicates it is not an outlier in size or assessed value locally, representing a standard offering for this pocket of the city. Its age places it among the older third of homes citywide, hinting at a need for character appreciation and likely some updates.
Where the Appeal Lies:
The primary appeal is location within a stable, central neighbourhood. The home’s value is notably below the city-wide average for assessed value, which can translate to a lower property tax burden and an accessible purchase price. For the right buyer, there’s appeal in the lot’s established setting and the opportunity to tailor a classic home to modern needs over time. It’s a property that offers community roots without the premium of a highly renovated or expanded home.
Ideal Buyer Profile:
This property suits a pragmatic buyer. It could be an ideal first home for someone willing to undertake gradual improvements, or a strategic purchase for an investor looking at the long-term stability of the area. It would also fit someone downsizing who wants to stay in a central neighbourhood without the upkeep of a larger property. The buyer should be comfortable with the realities of an older home and see value in its established setting over brand-new condition.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about this property?
The assessed value of $26,400 is significantly below the city-wide average, which typically suggests a lower annual property tax bill. However, it also generally reflects that the home may be less updated or smaller than the overall Winnipeg market average. It’s a key figure for budgeting ownership costs, not necessarily the market sale price.
2. How does the home’s age impact a purchase decision?
Built in 1910, the home has inherent character but also requires careful inspection. Prospective buyers should prioritize a thorough examination of foundational, electrical, and plumbing systems common to homes of this era. The age is a feature for those who appreciate classic architecture, but it necessitates a practical mindset regarding maintenance and potential renovations.
3. The lot seems smaller than the city average. Is that a concern?
While the lot is below the city-wide average in size, it is very much in line with the typical lot in Lord Roberts and on Nassau Street itself. This is standard for mature, central neighbourhoods. It means lower yard maintenance but less private outdoor space. The trade-off is a more walkable, community-oriented location.
4. What can nearby sold prices tell me?
The listed sale from 2020 (CA$200k–250k) and the comparable nearby properties provide a rough historical benchmark. They indicate the general price range for homes of similar size and assessment in Lord Roberts. For the most accurate, current market valuation, consulting with a local real estate professional is recommended.
5. Who should I contact for the exact historical sold price?
The exact sold price is not publicly listed in the details provided. As noted on the source page, you can request this information directly by emailing the source, SaveOnHouse, who state they will provide the precise figure manually without using your email for unsolicited marketing.